Paraguay’s poverty reduction strategy has financial inclusion as one of the pillars of the National Development Plan. In 2013, the Central Bank of Paraguay began collaborating with the World Bank and FIRST Initiative to develop a National Financial Inclusion Strategy (NFIS). The strategy was officially launched in December 2014 and has generated momentum across the country by coordinating existing financial inclusion programs and introducing new initiatives. Watch this interview with Paraguay’s Minister of Finance, Mr. Santiago Peña, and learn how Paraguay developed its NFIS with FIRST Initiative and World Bank support.
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