The Microcredit Summit Campaign issued a press release today announcing our commitment to Universal Financial Access by 2020. The Campaign joins the World Bank Group and a their coalition of partners — including MasterCard, Visa, Mandiri, the State Bank of India, Equity Bank, and Bandhan — in making a commitments to accelerate universal financial access. Financial access and inclusion are stepping stones to achieving the end of extreme poverty by 2030.
The Campaign will work with its reporting institutions to help them expand their outreach by at least 53 million of the world’s poorest families, bringing the overall total of the world’s poorest families reached by microfinance to 175 million by 2020. Read the full press release.
This commitment was announced on April 17th in Washington, D.C., at the World Bank Group’s Spring Meetings.
- Global Leaders Issue Commitments to Universal Financial Access by 2020 (CFI)
- Achieving Universal Financial Access by 2020 (Overview) (World Bank)
- See our latest data on the global outreach of microfinance.