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MDC Details

Maya Declaration Commitment Target Status View

Collect and consolidate sex disaggregated data from 80% of licensed financial service providers by December 2020

Central Bank of Lesotho

Qualitative Financial Inclusion Data
In Progress

Develop and implement financial consumer protection framework with specific focus on women by December 2018

Central Bank of Lesotho

Qualitative Consumer Empowerment & Market Conduct
Completed

Facilitate a 50% reduction in the gender gap for formal financial services inclusion from a gap of 10% (recorded in 2015) to 5% by 2022 through initiatives in the National Financial Inclusion Strategy and the BoZ 2016 – 2019 Strategic Plan

Bank of Zambia

Quantitative Overarching National Goal
Completed

Cooperate with SaveNET (a network of implementing agencies/NGOs for registered savings groups in Zambia) and financial services providers to promote linkages with women’s savings groups/women's trade associations. This will be achieved under the BoZ 2016 – 2019 Strategic Plan and the BoZ 2020 -2023 Strategic Plan initiative on rural finance and gender.

Bank of Zambia

Qualitative Gender Inclusive Finance
Completed

Integrate and implement the AFI Sex-Disaggregated Toolkit and gender indicators in the monitoring and evaluation framework for financial and digital inclusion indicators of the National Financial Inclusion Strategy and the Bank of Zambia.

Bank of Zambia

Qualitative Financial Inclusion Data
Completed

Reinforce our commitment to financial inclusion through the BoZ 2016 -2019 Strategic Plan, which has a Strategic Objective to β€˜increase formal financial inclusion by 16 percentage points in order to contribute to enhanced living standards

Bank of Zambia

Quantitative Overarching National Goal
Completed

Increase the penetration of agency banking and active mobile money agents in all the districts through an enabling regulatory environment and the use of interest earned on mobile money Trust Accounts

Bank of Zambia

Qualitative Digital Financial Services
Completed

Work with the Ministry of Finance to facilitate the adoption of a National Financial Inclusion Strategy (NFIS) for Zambia by the end of 2017. The objective of the NFIS is to increase financial inclusion from 59% to 80% by 2022. To measure progress, of this target, BoZ target will facilitate the integration of the AFI Core Set of Financial Inclusion Indicators in the Results Framework of the NFIS.

Bank of Zambia

Qualitative National Strategy on Financial Inclusion
Completed

Capacity building in order to train 20 financial inclusion experts by 2019. To achieve this target, BoZ will budget and train a minimum of 10 staff annually in 2018 and 2019, respectively, from the following nine (9) departments, comprising the Executive, Bank Supervision, Banking, Currency & Payment Systems, Economics, Financial Markets, Non-Banks Financial Institutions Supervision, Human Resources, Regional Office and Strategy & Risk Management Departments, respectively. This capacity building programme will also encompass supporting staff applications for the Fletcher Leadership Programme on Financial Inclusion (FLPFI).

Bank of Zambia

Qualitative Other
Completed

Formulate an SME Finance Strategy by the end of 2018. This will among others include extending the application of the Female and Male Operated Small enterprises (FAMOS) toolkit by financial services providers from its current focus on women-owned SMEs to encompass financial services for SMEs.

Bank of Zambia

Qualitative SME Finance
In Progress