Rural Finance and Investment Insights: August 2020
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Dear RFILC members,
For those of us who are in the Northern Hemisphere, it is the time of slowing down and enjoying those long summer nights, especially after quite a challenging period we have all been through. While summer can be a slow time for business, why not getting refreshment and find a piece of exciting news? We are about to summarize your highlights of the month.
To start with, we are happy to announce that the 2019 CABFIN Partners' Annual Meeting took place virtually over two sessions at the beginning of July 2020. The meeting discussed CABFIN achievements under the current reporting period and proposals for CABFIN activities and deliverables for the coming period. The discussion also covered ongoing and planned work within each of the partner agencies, as well as critical issues and priorities in inclusive rural finance at global, regional and country level.
In recent years, due to the growing acknowledgment of the gender gap in financial access as a key constraint to rural development, research has focused on analysing in depth the financial habits and patterns that characterize women living in rural areas. In line with this trend, we would like to present the study titled: "Deconstructing the gender gap in rural financial inclusion", developed by FAO on the basis of quantitative and qualitative data made available by the Consultative Group to Assist the Poor (CGAP). The study sets to explore the financial habits and constraints of rural women in two Sub-Saharan African countries (Mozambique and Tanzania), both at country and village level, to answer how, and why, they differ from those of their male counterparts. The paper aims to develop a range of general recommendations that can assist both local policymakers and other public stakeholders, as well as formal financial service providers, in shaping their approach towards a more gender-sensitive provision of rural financial services.
To close this month's highlights, we would like to present: “Case Studies On SDGs & Socially Responsible Finance (SRF) - Case Studies from Selected AFI Members”, a collection of case studies developed by the Alliance for Financial Inclusion. This document focuses largely on examples from Bangladesh, in addition to experiences from Afghanistan, Bhutan, Costa Rica, Fiji, Georgia, Liberia and São Tomé and Príncipe that provide further lessons from central banks facing comparable economic situations. It examines the role of financial institutions in achieving the UN SDGs through socially responsible finance (SRF), a broad range of political and commercial adjustments aimed at ensuring financial systems protect society and the environment.
The Rural Finance and Investment Learning Centre is a part of the CABFIN Partnership Project which aims to promote and facilitate capacity building in rural finance. The concerns of rural finance are to ensure that people living in rural areas have access to financial services such as deposit and money transfer facilities, insurance and loan products. Effective use of these services can help to improve livelihoods and reduce rural poverty. The following CABFIN Partners have provided financial support to the RFILC: