UNCDF’s significant knowledge of and experience with financial and consumer markets in least developed countries means the SHIFT programme will have a strong foundation upon which to operate. In addition, its role as a neutral UN agency means it can effectively negotiate and intermediate between government agencies and regulators and private sector companies and investors. As a result, SHIFT offers a safe and flexible way for UN agencies, national donor governments, private investors and other partners to make sizable and game-changing investments in financial inclusion efforts in the ASEAN region.
Additionally, the newly formed ASEAN Financial Inclusion Technical Committee has requested that SHIFT act as a programmatic partner as it works to fulfill its mandate on financial inclusion of the poor. UNCDF’s solid reputation in the ASEAN region means that the SHIFT programme is already trusted and respected by policy makers and financial market leaders at the regional and national levels.