This Policy Paper is the result of an ongoing stakeholder dialogue and research effort launched under our German G20 Presidency, involving G20 and non-G20 countries, humanitarian and development organizations, private and financial sector actors, as well as NGOs and academia. It describes the potential of financial inclusion allowing FDPs to live up their (economic) potential and thereby contribute to host societies. It summarizes common challenges related to the financial inclusion of the vulnerable and very heterogeneous target group of FDPs in different contexts and stages of displacement.
The Policy Paper calls on all stakeholders to engage in the implementation of the identified priority action areas toward enabling their financial inclusion:
- DIALOGUE AND COOPERATION: improve coordination and collaboration through global dialogue and strategic partnerships within and among sectors.
- DATA AND EVIDENCE: strengthen the case for financial inclusion of FDPs by closing the knowledge and evidence gaps through data generation and targeted research.
- INCLUSIVE POLICY FRAMEWORKS: embed FDP-inclusive policies and practices in existing financial inclusion efforts, esp. as regards the regulatory environment, infrastructure and digital financial inclusion, and encourage that financial inclusion approaches are reflected in FDP-related policies and practices – while continuing to address the needs and demands of the local population and FDPs alike.