The Level One Project joins a host of global and local partners, including NGOs, providers, regulators, and others, to enhance the utility and ubiquity of low cost digital financial services to enable financial inclusion, and ultimately alleviate poverty.
In pursuit of ambitious targets, the Level One Project joins peers, colleagues, and communities around a set of global financial inclusion goals. These shared priorities are articulated by a number of agencies including the UN, the World Bank’s Universal Financial Access, and the G20.
G20 Principles for Innovative Financial Inclusion
G20’s commitment to financial inclusion, which recognizes the “overarching and cross-cutting nature of financial inclusion and, therefore, has [focused on] financial inclusion as one of the main pillars of the development agenda.”
UN: Beyond 2020: Sustainable Development Goals
In the fall of 2015, as part of a United Nations effort, UN members agreed to adopt a series of sustainable development goals with specific 2030 targets. These global anti-poverty goals extend the time horizon and expand the scope of the UFA goals, but complement the spirit of Financial Inclusion efforts. Digital financial services play a direct role in the pursuit of five of the 17 SDGs.
World Bank Group: Universal Financial Access 2020
An initiative overseen by the World Bank Group, the Universal Financial Access (UFA) 2020 goal galvanizes pledges from dozens of global partners to deliver over 1B transaction accounts to adults worldwide. Partners represent public, private, and social sectors, working across domains to close the exclusion gap.
Next Topic in this Section: An Ecosystem Approach to Financial Inclusion