Financial inclusion

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:

1. Reduce exclusion and barriers to access financial services
2. Develop the Credit Infrastructure
3. Build the digital Infrastructure
4. Deepen and Broaden  formal savings , investment  and Insurance usage
5. 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.

View the:  National Financial Inclusion Strategy Document