UNCDF has been present in Myanmar since 2012, creating inclusive financial sectors by providing access to financial services for individuals and micro and small businesses.
Today, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.
Through Financial Inclusion Practice, UNCDF is currently implementing Expanding Financial Access (EFA), a country programme aimed at increasing formal inclusion in Myanmar from 30% to 40% by 2020. The programme will provide a full range of affordable, quality, effective and responsible financial services to MSME, small-scale farmers, women-led enterprises, youth, poor and low-income clients by getting all stakeholders to work together in an integrated manner. UNCDF’s MicroLead Expansion Myanmar works with variety of financial institutions to develop, pilot and scale deposit services for low income, rural populations, particularly women. Additionally, the CleanStart programme supports clean energy policy development, and provides risk capital and technical assistance to competitively selected financial service providers and energy enterprises on a regional or national level in Myanmar. The Shaping Inclusive Finance Transformations (SHIFT) programme in Myanmar aims to accelerate financial inclusion and women’s economic participation in the ASEAN region.