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“Financial inclusion means economic empowerment, particularly for women, rural communities, and the poor. Financial services offered through electronic means, like mobile phones, are key contributors to that vision.” Paul Folmsbee, U.S. Ambassador to Mali, shared this in Bamako this past October. He was speaking before a workshop of 144 people on digital financial services (DFS) organized by USAID.
DFID has been one of the leading agencies in Making Markets Work for the Poor (M4P), a market systems approach that works with the private sector to catalyze changes in markets that benefit the poor. DFID’s flagship M4P project in Kenya is the Market Assistance Programme (MAP), managed by Mike Field, a recognized leader in value chain and M4P approaches. Field and his team are exploring innovative, scalable solutions in cross-cutting systems and specific value chains.