Peru's National Financial Inclusion Strategy projects 50% of micro- and small-sized enterprises (MSEs) will rely on formal financial instruments by 2021.
Only 6.5% of MSEs currently use such instruments.
Allowing 75% of adults to hold formal banking accounts is another goal set for the bicentennial year (2021). The rate currently stands at 29%.
By 2021, 100% of citizens are forecasted to reside in districts hosting formal financial institutions. The figure currently stands at 92%.
Well-being
Boosting financial inclusion would lead to well-being of population, as result of effective access to financial services.
"There is true interest of policymakers in boosting financial inclusion in the country," revealed Oscar Graham Director General of Financial Market and Public Investment at the Economy and Finance Ministry.
(END) SDD/JJN/HMC/MVB
Published: 6/27/2016