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Experts in a workshop recommended minimizing the gender gap through financial inclusion for the achievement of National Financial Inclusion Strategy (NFIS-B) goals.
Speakers made the remarks in a half-day long workshop on “Gender Responsive Financial Services” at the Bangladesh Institute of Bank Management (BIBM) Auditorium on Saturday.
Bangladesh Bank and the Ministry of Finance launched NFIS-B in 2021 with a national goal to ensure the financial inclusion of the adult population by 2026.
According to the executive of the papers, the first NFIS-B was formulated when the country was on the verge of the Fourth Industrial Revolution keeping 5C (‘Commitment, Cooperation, Coordination, Co-existence, Comprehensive’) principles in consideration to reach the ultimate goal of Social cohesion and stability.
The core theme of the NFIS-B is “Journey towards Sustainable and Impactful Financial Inclusion through Digitization and Innovation.” The strategy was started being implemented on July 1, 2021, and will continue till June 3, 2026.
While chairing and moderating the discussion program, BIBM Professor Dr Shah Md Ahsan Habib said that the gender-based approach would also help to meet vision 2041 targets.
The workshop highlighted the challenges of the gender gap in financial inclusion where they expressed the financial literacy and awareness of the service recipients as major challenges.
Dr Md. Mokhlesur Rahman, CEO of CRD delivered a pictorial presentation on the project and said that in order to ensure sustainable development, it is important that financial service providers should be more gender-sensitive in providing their products.
Director General, BIBM and Advisor, BIBM-CRD Study Team Dr Md Akhtaruzzaman inaugurated the workshop while Professor Md Nehal Ahmed, a Member of the BIBM-CRD Study Team gave the welcome speech. A total of 80 Participants including senior executives of MFIs, MFS academicians and others participated in the program.
