Club de Madrid will advocate for a stronger focus on economic inclusion programmes specifically targeting minorities
COVID-19 has made visible the need for greater economic inclusion of vulnerable. The World Bank’s recently published State of Economic Inclusion Report 2021 points out that economic inclusion programs –those supporting social protection, livelihoods and financial inclusion –are key instruments to alleviate poverty, particularly in areas affected by conflict and climate change. Over the next year, as the World Bank continues to disseminate and promote its findings, Club de Madrid will push the reflection further and advocate for a stronger focus on economic inclusion programmes specifically targeting minorities – a vulnerable group hardly mentioned in the World Bank’s report.
Financial inclusion – the ability to access to financial services such as bank accounts and credit – also plays a vital role in reducing income disparities and boosting prosperity; it is considered an enabler of several goals in the 2030 Agenda. Club de Madrid proposes to devise ways to overcome barriers to financial inclusion that vulnerable communities suffer.