MAP Nepal was requested by the government of Nepal as input towards the development of a financial inclusion strategy. In 2016, MAP Nepal delivered a platform to consolidate current efforts being made in Nepal by multiple government agencies and development partners in the field of financial inclusion and was used to inform financial inclusion strategy and regulation going forward.
The implementation of the proposed initiatives was anticipated to deepen and broaden financial services and in doing so directly improve household welfare, foster sustainable business models and support broader economic growth.
Following analysis of the findings, MAP Nepal identified six priority areas for financial inclusion:
- Unlock the 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.
MAP Nepal was launched 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 MAP Nepal diagnostic report was prepared by Beed management, with assistance from Cenfri.
Download the synthesis report
Download the roadmap
Download Nepal Economic Forum’s report on “Access to Finance” based on MAP Nepal research