The partners to the programme jointly launched the key findings and recommendations from the MAP Nepal diagnostic report at the Stakeholder Workshop in Kathmandu, Nepal. The workshop was attended by representatives from a range of regulators, private sector institutions and media, including the Governor of the Nepal Rastra Bank. It provided an opportunity for the MAP diagnostic team to test key findings with stakeholders and for stakeholders to provide feedback and comment on the findings for the final diagnostic report.
The findings derived from a demand, supply and regulatory analysis based on the methodology developed by Cenfri, FinMark Trust and UNCDF as part of the global MAP initiative. The demand-side analysis draws from quantitative data provided by Nepal FinScope Consumer Survey 2014. The supply-side and regulatory analysis pulls data from interviews, mystery shopping and a range of industry documents.
- Please click here to download the MAP Nepal Synthesis Report (PDF, 1.68MB)
- Please click here to download the MAP Nepal Roadmap (PDF, 1.24MB)
- Please click here to read the Nepal Economic Forum report on "Access to Finance" based on the MAP research
The diagnostic report identified 6 priority areas for financial inclusion in Nepal.
- Unlock constrained credit and savings market
- Improve payments systems
- Bolster risk-mitigation capabilities
- Enhance and leverage locally based financial service providers
- Enhance financial inclusion support in national government
- Strengthen consumer empowerment, protection and education
The MAP Nepal financial inclusion roadmap takes the next step from the diagnostic to set out an agreed programme of action for addressing the identified priority areas. It will provide a platform to consolidate current efforts being made in Nepal by multiple government agencies and development partners in the field of financial inclusion and be used to inform financial inclusion strategy and regulation going forward.
The implementation of the proposed initiatives is anticipated to deepen and broaden financial services and in doing so directly improve household welfare, foster sustainable business models and support broader economic growth. An exciting growth path lies ahead and Nepal is ready.