Actualidad Peru

Multisector Commission on Financial Inclusion

Supreme Decree 029/2014

Empirical and analytical evidence on the positive relationship between financial development and economic development indicates that one of the obstacles to economic development is the population's limited access to financial services. In this respect, financial inclusion has become a top priority for the current government in Peru.

It has thus set up a Multisector State Commission responsible for designing and implementing the National Strategy for Financial Inclusion ("ENIF") under this decree, to make financial products and services more accessible to lower-income brackets, enabling them to break away from the poverty and exclusion they face at present.

This commission comprises representatives of the Ministry of Economy and Finance (MEF); the Ministry of Development and Social Inclusion (MIDIS); the banking, pension-fund and insurance supervisor (SBS); the Central Reserve Bank of Peru; and Bank of the Nation

The decree details the duties of this Commission and the procedures for its formation and articulation.