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Financial Inclusion in Niger: Challenges and Opportunities: Niger
Author:
Yoro Diallo
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Mr. Arsene Kaho
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Can Sever 0000000404811396 https://isni.org/isni/0000000404811396 International Monetary Fund

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Series:
Selected Issues Papers
Volume/Issue:
Volume 2023: Issue 007
Language:
English
Publication Date:
27 Feb 2023
DOI:
https://doi.org/10.5089/9798400235726.018
ISBN:
9798400235726
ISSN:
2958-7875
Pages:
17
Keywords:
Financial Inclusion; Financial Institutions; Niger; Niger's lag; development agenda; Niger banking sector; MFI sector NPL ratio; BCEAO MFI; IMF staff calculation; Digital financial services; Digital currencies; Global
Legal-disclaimer:
IMF Selected Issues Papers are prepared by IMF staff as background documentation for periodic consultations with member countries. It is based on the information available at the time it was completed.
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Financial inclusion can increase economic growth and productivity and reduce poverty and inequality by helping people and firms—particularly SMEs—to save and invest, smooth consumption, and better manage financial risks. This paper highlights Niger’s lag compared to other WAEMU countries in terms of access to and use of formal financial services, including for women and youth, and underscores key demand and supply side challenges to financial inclusion as well as structural impediments. It lays out key priorities for Niger to harness the potential of greater financial inclusion to support the country’s development agenda, including efforts to tackle low financial literacy, promote digitization, and address informality.

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Cover Selected Issues Papers
Selected Issues Papers
Publisher:
International Monetary Fund
Volume 2023: Issue 007