Making Access Possible (MAP) Nepal

Making Access Possible (MAP) Nepal was requested by the Government of Nepal as input towards the development of a financial inclusion strategy. It comes under the umbrella of the UNNATI-A2F (Access to Finance) programme implemented by Nepal Rastra Bank (NRB – the Central Bank of Nepal) and funded by the Government of Denmark, DFID and UNCDF in partnership with the United Nations Development Programme (UNDP). The Country Diagnostic Report was prepared by Beed management, with assistance from Cenfri.

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.

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.

Additional Info

  • Country: Democratic Republic of Congo
  • Institution: Cenfri, UNCDF, Beed Management
  • Date Published: 2016
  • Document Type: Synthesis Report, Roadmap
  • Author/s: Catherine Denoon-Stevens, Albert van der Linden, Barry Cooper

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Making Access Possible (MAP) Nepal

Making Access Possible (MAP) Nepal was requested by the Government of Nepal as input towards the development of a financial inclusion strategy. It comes under the umbrella of the UNNATI-A2F (Access to Finance) programme implemented by Nepal Rastra Bank (NRB – the Central Bank of Nepal) and funded by the Government of Denmark, DFID and UNCDF in partnership with the United Nations Development Programme (UNDP). The Country Diagnostic Report was prepared by Beed management, with assistance from Cenfri.

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.

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.

Additional Info

  • Country: Democratic Republic of Congo
  • Institution: Cenfri, UNCDF, Beed Management
  • Date Published: 2016
  • Document Type: Synthesis Report, Roadmap
  • Author/s: Catherine Denoon-Stevens, Albert van der Linden, Barry Cooper

Search news, publications and events