Financial Inclusion seeks to make financial services accessible, at affordable costs, to all individuals and businesses regardless of their net worth and/or size. In this way financial inclusion supports broad-based participation of poor and marginalized groups in financial intermediation processes. Evidence shows financial inclusion, from both formal and informal services, has a positive impact on increasing household resilience to external shocks (several resources are noted below). This track will explore both proven and innovative strategies to develop resilience in financial systems, communities, and households; and will look at products, services, and technologies that help households and enterprises better mitigate risks associated with climate variability, illness and disease, political instability, and conflict.
The selection committee will be looking for sessions that illustrate financial inclusion’s contribution to resilience (not financial inclusion standalone) across a broad array of contexts. If desired, you may provide your definition of resilience at the forefront of your proposal submission to allow reviewers to contextualize it and further understand your approach. Financial services should be construed as all types of financial products and services including but not limited to cash transfers, remittances, payments, insurance, savings, credit, supply chain transactions, etc.