Sacha Polverini, Bill & Melinda Gates Foundation, USA, Partnerships that Build Bridges to New Frontiers

Sacha Polverini, Bill & Melinda Gates Foundation, USA, Partnerships that Build Bridges to New Frontiers

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  #18MCSummit Partnerships that Build Bridgesto New Frontiers Sacha Polverini – Senior Programme Officer Bill & Melinda Gates Foundation
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  #18MCSummit 3/28/2016 2 Poor people activelyuse a digital account to access at least one financial service beyond payments (credit, savings, insurance) Intervention areas Outcomes Impact Fewer people fall into poverty More people move out of poverty faster More people move out of poverty faster Optimize Digital Financial Infrastructure for Poor People Drive Digital Financial Services for Impact Foster Regulations & Policy Empower low-income women economically Financial Services for the Poor
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  #18MCSummit 3/28/2016 3 “If youwant to go fast, go alone. If you want to go far, go together” African proverb
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  #18MCSummit 3/28/2016 4 Partnerships areessential to implement the foundation’s financial inclusion strategy …. … to create and maintain momentum at global level … to promote innovation in the marketplace … to build a Digital Financial Services Ecosystem for the poor
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  #18MCSummit 3/28/2016 5 Examples ofPartnerships • Alliance for Financial Inclusion • The Level 1 Project • Better Than Cash Alliance • ITU Focus Group on Digital Financial Services • M-Kopa • M-Shwari • Telco Interoperability in Tanzania
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  #18MCSummit 3/28/2016 6 The ITUFocus Group on Digital Financial Services for The Poor • More than 100 organisations involved • 30 countries represented • A successful example of public/private partnership
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  #18MCSummit 3/28/2016 7 The ITUFocus Group on DFS OBJECTIVES • Promote dialogue between Financial/Telco regulators • Raise awareness re role DFS to promote Financial Inclusion • Clarify regulators roles and responsibilities in DFS • Provide recommendations on selected policy and regulatory issues