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15 Years of Impact
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15 Years of Impact
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
Maya Declaration
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Accords
Impact Stories
Key Policy Areas
Digital Financial Services
Data
Consumer Empowerment
Financial Inclusion Strategy
Inclusive Green Finance
Global Standards Proportionality
SME Finance
Working groups
Consumer Empowerment and Market Conduct Working Group (CEMCWG)
Global Standards Proportionality Working Group (GSPWG)
Digital Financial Services Working Group (DFSWG)
Inclusive Green Finance Working Group (IGFWG)
Financial Inclusion Data and Impact Working Group (FIDIWG)
SME Finance Working Group (SMEFWG)
Financial Inclusion Strategy Peer Learning Group (FISPLG)
Regional Initiatives
African Financial Inclusion Policy Initiative (AfPI)
Eastern Europe & Central Asia Policy Initiative (ECAPI)
Financial Inclusion Initiative for Latin American and the Caribbean (FILAC)
Pacific Islands Regional Initiative (PIRI)
South Asia Region Financial Inclusion Initiative (SARFII)
Arab Region Financial Inclusion Policy Initiative (ARFIPI)
Training & Development
AFI Educate online courses
AFI Engage
Certified Expert in Financial Inclusion Policy
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
15 Years of Impact
15 Years of Impact
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
15 Years of Impact
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
Maya Declaration
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
Accords
Impact Stories
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
Key Policy Areas
Key Policy Areas
Digital Financial Services
Data
Consumer Empowerment
Financial Inclusion Strategy
Inclusive Green Finance
Global Standards Proportionality
SME Finance
Global Standards Proportionality Working Group (GSPWG)
Working Groups
Working Groups
Consumer Empowerment and Market Conduct Working Group (CEMCWG)
Digital Financial Services Working Group (DFSWG)
Inclusive Green Finance Working Group (IGFWG)
Financial Inclusion Data and Impact Working Group (FIDIWG)
SME Finance Working Group (SMEFWG)
Financial Inclusion Strategy Peer Learning Group (FISPLG)
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
Regional Initiatives
Regional Initiatives
African Financial Inclusion Policy Initiative (AfPI)
Eastern Europe & Central Asia Policy Initiative (ECAPI)
Financial Inclusion Initiative for Latin American and the Caribbean (FILAC)
Pacific Islands Regional Initiative (PIRI)
South Asia Region Financial Inclusion Initiative (SARFII)
Arab Region Financial Inclusion Policy Initiative (ARFIPI)
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
Training & Development
Training & Development
AFI Educate online courses
AFI Engage
Certified Expert in Financial Inclusion Policy
Training & Development
AFI Educate online courses
AFI Engage
Certified Expert in Financial Inclusion Policy
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
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Banco Central de Reserva de El Salvador

Measurement of Financial Inclusion and Payment System
Country
El Salvador
Member institution
Banco Central de Reserva de El Salvador
Timeline
10 October 2021 – 30 November 2022
Thematic area
Gender Inclusive Finance, Inclusive Green Finance, Digital Financial Services

Context

Surveys found that only 18% of women in El Salvador had a savings account, and that there was a growing, 14%, gender gap in overall access to finance.
El Salvador’s agriculture sector, which has a majority female workforce, is highly vulnerable to climate variability and change. There was a need to evaluate how vulnerable people are to climate change, how they deal with money after disasters, and how the market can lessen the effects of climate change on vulnerable groups.
The Central Reserve Bank of El Salvador (BCR) lacked access to information, particularly data on the gender gap in access to finance, that would support the monitoring of financial inclusion activities, and the development of appropriate policies and regulations.

Project Activities
Through the project, the BCR strengthened its capacity to collect sex-disaggregated data, and to measure the level of financial inclusion and financial education. Additionally, the project generated essential disaggregated data on the status of the gender gap.
BCR was able to incorporate data concerning traditional financial products, digital financial services, cryptocurrencies, and inclusive green finance. Findings from a National Financial Inclusion Survey highlighted disparities among rural and urban areas, men and women, youth and adults, as well as low and high-income populations.
A Financial Capabilities Survey identified gaps in financial education, particularly for women, individuals with low incomes, residents of rural areas, youth, and the elderly.
Furthermore, a Financial Inclusion and Payment System Information Portal was developed to facilitate automated data collection and processing. This portal streamlined the generation of reports and facilitated the monitoring of policy implementation.

Outcome
The project significantly developed financial regulators and policymakers’ understanding of financial inclusion, notably relating to gender issues and to inclusive green finance.
The project identified gaps and developed tools for effective data management and policy implementation. These achievements pave the way for more targeted and impactful initiatives to promote inclusive financial systems and empower underserved populations.