Financial Inclusion as critical cog for development (Part-4)

In this instalment we will make the case that financial inclusion is a key cog development and as such it requires the collective effort of all players in any economy. It requires commitment, time, passion, resources, and knowledge sharing. It cannot be an academic construct on an abstract concept, it is an important aspect in economic and social development.

Given the expansive nature of financial inclusion, there is a multiplicity of stakeholders involved. It is imperative that mention be given of some of the stakeholders involved and the ideal roles that they play. The World Bank Group identifies the following as the principal players in the drive towards financial inclusion.