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What role can financial inclusion play in driving employment-led growth?

supported by Barclays

Part of the 'Africa Rising? Building Africa's Productive Capacity for Inclusive Growth' series

Financial inclusion and jobs: Drivers of development and growth in Africa?

How might improving the access, distribution and use of a wide range of affordable and appropriate financial services and products (financial inclusion) facilitate job creation and stimulate balanced economic growth across Africa? In addition, how might the private sector build partnerships to champion strong leadership, sustainable innovation and responsible engagement in order to help develop an enabling environment where universal financial inclusion and employment-led growth can thrive?

FPC Roundtable series: Building an agenda for action to shape a post-2015 development agenda

At a series of three roundtable discussions and through the publication of a report supported by Barclays, the Foreign Policy Centre seeks to explore how greater financial inclusion has the potential to help drive the development of new businesses and new jobs, thereby igniting development transformation across Africa. In an effort to support action to help redefine the international development agenda post-2015, the event series seeks to explore the interface between financial inclusion and employment creation – two pressing global public policy priorities.

The event series is scheduled to take place during February 2014 to June 2014. Following the roundtable discussion series, the FPC will produce a report (to be launched in the autumn/winter of 2014) that will build on the discussions and insights exchanged during the course of the event series. The report will capture the salient issues discussed and key findings identified.

Should you have any queries about this event series, please feel free to contact the FPC on events@fpc.org.uk.

Roundtable themes

Entitled 'Why financial inclusion matters in Africa: Making the case for employment creation' the first roundtable discussion will aim to set the scene and provide an overview exploring the opportunities and challenges associated with how financial inclusion might enable and drive employment creation across Africa. This session will attempt to critically assess the sustainability of market development with particular reference to the value of consumers, the economic viability needed by providers to expand provision and the impact on employment generation.

Building on the first event, the second roundtable discussion entitled 'Creating new businesses and new jobs: Exploring how financial inclusion stimulates agricultural and industrial development' will take a more sectoral focus to explore the impact of financial inclusion and employment creation in driving the expansion of African agriculture and manufacturing. Beyond improving household welfare and securing livelihoods, this session will attempt to identify strategies for action which facilitate employment that drives growth and creates linkages for wider development transformation.

The third and final roundtable discussion event will provide a focus on young people. Entitled 'Africa's youth bulge and the demographic dividend: Building economic potential through employment and enterprise' this final session will attempt to address the financial inclusion and employment-led growth challenge through the viewpoint of Africa's largest growing demographic. What, if any, influence might financial inclusion have on building supportive infrastructure, developing networks and securing access to skills and training needed to transform young talent and increase the employability of young people?

Download the roundtable summary notes here:

Roundtable 1 summary notes

Roundtable 2 summary notes

Roundtable 3 summary notes

These events and the accompanying report form part of a wider project series being developed by the Foreign Policy Centre entitled: Africa Rising? Building Africa's Productive Capacity for Inclusive Growth. Additional supporters include CDC Group and Nestlé.