Building a more inclusive and equitable economic order helps in shaping a financial system that is responsive to the needs and aspirations of the people. Every country should strive to have such a financial system. But this requires political will as well as good leadership at all levels.
An inclusive economic order involves creating room for more people to participate in the mainstream economy and to partake the opportunities of an expanded market economy.
I am glad the Government has shown commitment towards ensuring inclusive and equitable growth by setting up the Rural Finances Service Programme.
According to the World Council of Credit Unions, 43,000 credit unions provide financial services to over 136 million members in 91 countries. Many well-managed Savings and Credit Cooperative Societies (SACCOs) have empowered many people, especially the rural poor women, whose roles and responsibilities are critical to the sustenance of households and the future generation.