Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, cited, on Saturday in Marrakech, Morocco’s financial inclusion strategy as an example of a “comprehensive” strategy reflecting the Moroccan government’s determination. The IMF DG further called for prioritizing financial integration and stability and promoting digital and financial innovation while ensuring the collection of better data on financial inclusion which would make it possible to establish efficient policies. To remedy the situation in Morocco, the national financial inclusion strategy was launched in 2016 with the objective of targeting these excluded segments by integrating new players into the market to allow them access to financial services. Furthermore, he highlighted the crucial role of financial education at a young age and the importance of funding financial inclusion initiatives led by young people in job creation. The executive director of the Alliance for Financial Inclusion, Alfred Hannig, indicated that several studies have shown that financial inclusion accelerates economic growth, thanks to digitalization as well as policies and regulations that strengthen access to sustainable, high-quality financial services.

Source: The North Africa Journal October 15, 2023 14:18 UTC