Strategy soon to distribute development dividends to all

The government plans to introduce a maiden national strategy for unlocking financial opportunities for all through distributive digital channels.
The disclosure came Monday at a programme being held in Dhaka for learning about digital payment system with participation from home and abroad.
"Digitisation will be the core pillar of our upcoming National Financial Inclusion Strategy," said Bangladesh Bank (BB) Deputy Governor S K Sur Chowdhury while inaugurating the five-day-long joint learning programme (JLP).
Currently, the ministry of finance and the BB are jointly preparing a study paper on the National Financial Inclusion Strategy that will be finalised by March in the upcoming calendar year.
The central bank of Bangladesh and the Alliance for Financial Inclusion (AFI) have jointly organised the programme focusing digital payment system to expedite the ongoing financial-inclusion campaign across the country.
A total of 33 participants from 23 countries are taking part in the knowledge-sharing programme on the fast-evolving regime of inclusive economic development with universal access to finances, according to the organizers.
"New digital technologies are a game changer for financial inclusion, opening up access to financial services for all sections of society, and in the process helping dispel myths about financial inclusion," the deputy governor explained.
Financial inclusion matters to economic growth, he said, adding that having access to financial services means that people can make payments, get credit, save and invest.
"This contributes to increasing spending on goods and services and creates a virtuous cycle where more consumption translates into increased production, more jobs, higher incomes, and greater economic prosperity," he noted.
He also told the function that this JLP will be a both-way learning and experience-sharing platform for all here. "We will project the experiences of Bangladesh and we'll hear from you to learn from your experiences."
Among others, Deputy Executive Director of AFI Norbert Mumba and Executive Director of BB Abdur Rahim spoke on the occasion.
This programme provides a platform for peer learning on practical ways of formulating and implementing infrastructure for digital financial services (DFS) and the role of efficient DFS in the country's economic growth, the organizers added.
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