Enabling shared prosperity through inclusive finance:

leaving no one behind in the age of disruption 

Recommendations and case studies for policy makers and regulators

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The Asia-Pacific region has undergone a significant transformation resulting from decades of economic growth. However, the benefits of this growth have not reach everyone and the region faces rising levels of inequality characterised by income and wealth generation disparities, uneven access to opportunities and essential services, and increased severity by which disasters or other economic shocks impact the poorest. These adverse effects have been accentuated by the global economic fallout resulting from the Covid-19 pandemic for those at the base of the economy, and largely outside of the formal economy. The crisis has led governments to accelerate efforts to achieve economic growth that is inclusive and enables greater shared prosperity across all of society.     


As the Covid-19 crisis continues to unfold, there is a consensus among governments and experts on the need to accelerate the use of technology for financial services as a significant part of the response. This renewed effort to harness technology to expand access to, and drive usage of, financial products and services is creating new opportunities to advance financial inclusion. However, realising success requires enabling policy and regulatory environments and for stakeholders to cooperate and collaborate effectively.

In response, the Foundation for Development Cooperation (FDC) has developed a series of recommendations and case studies for policymakers and regulators to support their financial inclusion efforts during this extraordinary time. These recommendations are framed within the following topics:

  1. The role of microfinance in enhancing opportunity and resilience in response to Covid-19

  2. Making digital financial services work for the base of the economy

  3. Enabling financial inclusion through e-commerce


This work was carried out as part of the Asia-Pacific Financial Inclusion Forum, a policy initiative of the APEC Finance Ministers’ Process which is led by FDC, in partnership with the Asian Development Bank Institute and the Bank of Papua New Guinea.