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:
- a diversified deposit base;
- diversified credit portfolio;
- greater scale and efficiency;
- increased economic stability; and
- the sector’s political legitimacy.