20 Jun 2024
This World Refugee Day e-MFP commits to supporting its members and the greater financial inclusion community in building FDPs resilience, restoring FDPs’ livelihoods, and helping them live with dignity in host communities.
At the end of 2023, according to the latest UNHCR Global Trends report, an estimated 117.3 million people worldwide were forcibly displaced due to due to persecution, conflict, violence, human rights violations and - increasingly urgently - climate change.
Financial inclusion of Forcibly Displaced People (FDPs) is crucial for addressing the challenges posed by forced displacement at individual, community, national, and global levels. Effective inclusion can support immediate displacement needs and foster long-term self-reliance and resilience. It can play a vital role in restoring decent livelihoods, contributing to local economies, and facilitating return or resettlement. Inclusive finance organisations can and do play an important role in improving the lives of forcibly displaced people.
This World Refugee Day e-MFP commits to supporting its members and the greater financial inclusion community in building FDPs resilience, restoring FDPs’ livelihoods, and helping them live with dignity in host communities.
If you would like to know more about the topic, see the resources available at e-MFP 'Advancing Financial Inclusion of Refugees and FDPs Action Group' page and engage further by signing up to the online platform hosted by UNCDF here.
See a selection of our recent resources on Financial Inclusion of Refugees and Forcibly Displaced People, which in 2024 is also the focus of the 100,000 euro European Microfinance Award:
Session recording: Financial Inclusion of Forcibly Displaced Persons (FDPs): Building Bridges
Blog: Role of Community in Strengthening Financial Health of Refugees and Forcibly Displaced
Blog: Advancing Financial Inclusion for the Forcibly Displaced: A Collective Imperative