Day

August 23, 2021

INFORMAL ECONOMY FORMALISATION IN ZIMBABWE UNDER NATIONAL POLICY FRAMEWORK THEME 5 – FINANCIAL INCLUSION

The Objective of this Theme is improvement of the level of provision of financial services to informal economy businesses. The Reserve Bank of Zimbabwe published its National Financial Inclusion Strategy for 2016 – 2020 in 2015. Financial inclusion is defined in the document as “the effective use of a wide range of quality, affordable and accessible financial services, provided in a fair and transparent manner through formal/regulated entities, by all Zimbabweans”. Key pillars of the Financial Inclusion Strategy are: i. Financial innovation ii. Financial literacy iii. Financial consumer protection iv. Microfinance