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Accelerating Financial Inclusion in the Mekong through Collaboration

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At the 2016 Mekong Financial Inclusion Forum, MFIs and funders led this session’s discussion of collaboration. Kelly Hattel, Financial Sector Specialist for the Asian Development Bank, underscored “the importance of having national strategies for financial inclusion and having them be evidence-based. These are important…both as a donor individually and for donor coordination.” She added that MFI networks can contribute significantly to these strategies and that “it cannot be denied that regulation is important, especially with savings. But regulators shouldn’t hold too tight. This minimizes innovation. It is better to let the market grow and watch where to tighten up” later in the development of the market. In addition, she cited the importance of basics like roads and telecommunications infrastructure.

For more on this story visit the following link: Accelerating Financial Inclusion in the Mekong through Collaboration

Source: BWOTP

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