CGAP Launches New Five-Year Strategy
CGAP last week announced a new five-year strategy ("CGAP VII") to guide its work in helping build responsible and inclusive financial ecosystems that enable a green, resilient, and equitable world. In light of the challenging global context and the disproportionate impacts of various crises on vulnerable populations, CGAP's new strategy sets forth a comprehensive approach to addressing urgent global issues by reimagining financial inclusion.
While people living in poverty constantly juggle an evolving set of risks and crises, the additional challenges posed in recent years by the COVID-19 pandemic, inflation, climate change, conflicts, and other shocks have globally intensified poverty and inequality. And with the current global context disproportionately impacting the most vulnerable, particularly women and girls, the timeline to close the global gender gap has increased by a full generation (from 99.5 years to 135.6 years).