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MITIGATING THE IMPACT OF COVID-19 ON GAINS IN FINANCIAL INCLUSION
DATA TO ASSESS POLICY EFFECTIVENESS It is crucial to collect data and analytics that enable policymakers to gain a deeper understanding of the social and economic outcomes of policy interventions implemented to mitigate impact of COVID-19.
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A systematic, disaggregated data-driven evidence gathering exercise that helps establish the effectiveness of the different policy interventions and programs would be an important contribution to the policy debates on crisis response and financial inclusion. To achieve this, a mix of supply-side and demand-side disaggregated indicators would be required.
Whilst pandemic-focused policy responses and measures remain ongoing, information on their effectiveness toward mitigating and/or advancing financial inclusion remain unknown, due to a lack of disaggregated data.
AFI members that seek to UNDERTAKE SUCH EVIDENCE GATHERING EXERCISE SHOULD CONSIDER THE INDICATORS BELOW.
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SUPPLY-SIDE DATA
DEMAND-SIDE DATA
May include a mix of sex and age disaggregated demographic, social and financial indicators. Example of financial indicators include account ownership and frequency of usage of formal and informal FSPs available in the local market. Social data may include access to health services, food security, cost of living, and changes in household income. Having sex-disaggregated data would be essential to assess how the crisis affected women’s financial inclusion during the crisis.
Includes quantitative and qualitative financial inclusion data collected through demand-side surveys, focus groups, and structured and semistructured interviews with users of financial services, including individuals, households, and businesses. The financial inclusion sex and age disaggregated data indicators may include factors such as mobile phone ownership, smartphone ownership, Internet availability and affordability, consumer behavior regarding savings, payments, credit sourcing, remittances, and overall financial resilience.
(Photo by Sumit Saraswat/Shutterstock)
(Photo by insta_photos/Shutterstock)
