The Ministry of Finance Planning and Economic Development (MOFPED) and the Bank of Uganda (BOU), spearheaded the process of formulating a national strategy for financial inclusion. The National Financial Inclusion Strategy (NFIS) 2017-2022 is Uganda’s holistic strategy for promoting financial inclusion with emphasis on five pillars:
- Reduce exclusion and barriers to access financial services
- Develop the Credit Infrastructure
- Build the digital Infrastructure
- Deepen and Broaden formal savings , investment and Insurance usage
- Protect and empower individuals with enhanced financial capability.
The overall vision of the national strategy on financial Inclusion is that All Ugandans have access to and use a broad range of quality and affordable financial services which helps ensure their financial security.
Uganda Bankers Association is a member of the Inter-Institutional Committee on Financial Inclusion. The Committee oversees the work of the National Financial Inclusion Strategy (NFIS) Secretariat, Working Groups and Financial Inclusion Forum and is a liaison to international activities on financial Inclusion. Committee is chaired by Ministry of Finance.
