News / Press Releases

Financial Inclusion Overview on the occasion of Arab Financial Inclusion Day

27 April 2021
Recognising the vital role of financial inclusion in strengthening financial stability and promoting sustainable development and social well-being, many countries have taken measures to promote the financial inclusion as one of the objectives of national strategies in order to integrate all segments of society into the formal financial system, especially young people, women and entrepreneurs. To this end, it is necessary to improve their access to appropriate financial services and products matching their needs, at an appropriate cost and under reasonable conditions, to raise their awareness of financial issues in order to enable them to make the right decision on the use of financial and investment instruments. There is no doubt that the current developments and the negative repercussion of the COVID-19 Pandemic have clearly highlighted the great importance of deploying Fintech for the purposes of financial inclusion and the need to enhance digital financials services and familiarise users with them. This year, we celebrate the Arab Financial Inclusion Day - April 27 2021 under the theme of "Role of Digital Transformation in Increasing Financial Inclusion".

In this regard, the State of Qatar has paid a great attention to prepare a national strategy for financial inclusion and literacy and has directed to constitute a committee to prepare the Qatar National Financial Inclusion and Financial Literacy Strategy, by virtue of the administrative decision no. (68) of 2015, with the chairman of Qatar Central Bank (QCB) and the membership of the financial institutions, Ministry of Finance, Qatar Financial Markets Authority, Supreme Education Council, Qatar Foundation, and Qatar Media Corporation.

On this Occasion, QCB calls all financial institutions to provide premium financial services for all segments of society, especially young people, women and entrepreneurs.

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