IFAD, AfDB and IAD Recommend a Wider Use of Postal Networks to Increase Access to Finance

Is the postal network an essential infrastructure for economic and social inclusion in rural areas of developing and emerging countries? The International Fund for Agricultural Development (IFAD), the African Development Bank (AfDB), and the Inter-American Dialogue (IAD) seem to think so!

Two recommendations following the last Global Forum on Remittances co-hosted by the IFAD, the AfDB, and the IAD in Tunis encourage a wider use of postal networks in access to finance. It recommends “the use of the worldwide postal network to give customers access to financial services”. It also recommends “post offices to act as pay-out locations in order to make more financial services available in rural areas”.

Click here to access the full list of recommendations. To which extent can increased competition be a response to a market failure in the provision of basic financial services?  Your comments are welcome.

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