🌐IMSPARK: A Pacific Future with Inclusive Financial Systems🌐

🌐Imagine… A Pacific Future with Inclusive Financial Systems🌐

💡 Imagined Endstate: 

The Pacific region has successfully built an inclusive financial system that provides access and opportunity for all its residents, especially the low-income, unbanked, and underserved populations. The region has fostered a culture of innovation, trust, and leadership, where financial services and products are designed and delivered to meet the diverse and evolving needs of the people.

🔗Link:

Ref Here

📚Source: 

Wallace, M.,  Borġ, E., & Griffin, K.  (2023). Building an inclusive financial system: A global economic & social imperative for this decade. Aspen Institute. 

 

💥 What's the Big Deal: 

Wallace et. al (2023) report reveals that an inclusive financial system is essential for achieving global economic and social goals, such as reducing poverty, promoting equality, and enhancing resilience.🏦The report also identifies an inclusive financial system's key elements and challenges, such as access, affordability, quality, diversity, and regulation. 🚀The report proposes a framework and a roadmap for action to advance inclusive financial systems at the global, regional, and national levels.

 An inclusive financial system is a crucial opportunity for the Pacific region, as it can provide a reliable and nutritious source of protein for its growing population, especially in the face of climate change, overfishing, and marine pollution. 🌅The Pacific region can enhance its economic growth, social cohesion, and political stability by building an inclusive financial system.💸An inclusive financial system can also support the region's innovation, trust, and leadership, providing access to well-being and prosperity.

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