David Ferrand, Director of FSD Kenya, was part of a distinguished panel disucssing the role of central banks in financial inclusion at the CBK@50 symposium in Nairobi. His presentation highlighted the virtuous relationship between financial inclusion and central banks’ primary role of ensuring sound monetary policy.
Financial inclusion supports monetary policy by promoting:
1. a diversified deposit base;
2. diversified credit portfolio;
3. greater scale and efficiency;
4. increased economic stability; and
5. the sector’s political legitimacy.
Ferrand, D. (2016). Do central banks have a role in financial inclusion?. Nairobi, Kenya: FSD Kenya.