The Financial Inclusion Data Lab was delivered as online training course during the week of July 12-16, 2020. As such, it was the first of its kind learning program that provided knowledge, tools, and techniques to apply to the complex challenges of designing and implementing data systems for financial inclusion strategy and policies. The workshop was organized and hosted by the Arab Monetary Fund with support by the German Development Cooperation (GIZ) under Financial Inclusion for the Arab Region Initiative (FIARI).
In this intensive and highly interactive week-long program, financial inclusion and data experts and practitioners shared their experience and proven approaches to the development of an effective data collection system for financial inclusion on a country level — best practices that set the standard for complex challenges in the dynamic financial inclusion environment.
The objectives of the program were to:
- Set clear and realistic goals for data collection for financial inclusion in your country
- Create a data system blueprint that can support the systematic data collection and analysis
- Establish measures and indicators that are relevant on a national level and comparable internationally
- Review the design of the survey tools for financial inclusion for individuals and MSMEs
- Collect and analyze the relevant data to assess financial inclusion situation
- Formulate recommendations for evidence-based financial inclusion policies
- Provide support for a national strategy for financial inclusion
The program consisted of five workshops which introduced the key concepts and provided substantive contribution to the design and implementation of data collection systems for financial inclusion:
- Establishing goals and objectives for financial inclusion data
- Creating a data collection system for financial inclusion
- Designing a financial inclusion survey of individuals and households
- Designing a financial inclusion survey of micro- and small business (MSMEs)
- Using data for financial inclusion strategy and policies
Each workshop provided a theoretical background and introduction to the topic based on the international best practices, followed by case studies drawn from the experience of the country members in implementing financial inclusion data surveys. Overall, there were 7 cases from 7 member countries which enriched the value of the workshop. The workshop also provided opportunities to ask questions, make comments and discuss with the peers the challenges involved in implementing data surveys for financial inclusion.
The digital workshop was enhanced with a comprehensive set of pre-course readings and a full set of demand-side survey tools for individuals and households and MSMEs jointly developed, in the framework of the Financial Inclusion for the Arab Region Initiative (FIARI), by the Arab Monetary Fund and German Development Cooperation (GIZ) in close concertation with the Arab Financial Inclusion Task Force, body established under the umbrella of the Council of Arab Central Banks and Monetary Authorities’ Governors