National Financial Inclusion Strategy II (2022-2026).

The National Financial Inclusion Strategy 2022-2026, (NFIS II) will ride on the successes of NFIS 2016-2020 (NFIS I) and will focus on usage of quality financial services. While NFIS I focused more on access to financial services by the low income and marginalized groups the NFIS II vision is to “Empower all Zimbabweans towards building resilient and sustainable livelihoods through access to and usage of appropriate, affordable, sustainable and quality formal financial services in line with the national development aspirations”. In so doing, the Strategy seeks to support broad-based wealth creation and enhance financial system stability.
In addressing the financial inclusion goals over the next five years, NFIS II will focus on: Ensuring usage of financial products; Enhancing the range and quality of financial services and products; Creating an enabling regulatory environment and financial infrastructure to support financial innovation; Enhancing sustainable financing and resilient growth by ensuring financial institutions integrate institutional, economic, social and environmental sustainability in their business models; Continuing and building on the financial literacy and consumer protection programmes established under the NFIS I; Enhanced data disaggregation, particularly by gender, age and geographical area, to enhance implementation focus.
The National Financial Inclusion II will revolve around four (4) pillars, namely: a) Financial Innovation; b) Financial Consumer Protection & Financial Capability; c) Microfinancing, MSME and Entrepreneurship Development; and d) Devolution. NFIS II seeks as well to target with specific measures vulnerable groups: women, youth, micro, small and medium enterprises, rural communities and smallholder farmers, people with disabilities, the pensioners and the elderly.