The SNIF 10 Years Later: An Assessment of Financial Inclusion in Haiti
- Financial service points have increased significantly, but are concentrated in the Ouest department.
- Digital accounts have grown, but adoption is slow due to infrastructure issues.
- Access to banking services remains low, with only 11.85% of the population having bank accounts.
- Microfinance institutions play a crucial role, but are concentrated in urban areas.
- Digital ID offers a solution to identification problems and can reduce account opening costs.
This document provides an overview of the state of financial inclusion in Haiti ten years after the implementation of the National Financial Inclusion Strategy (SNIF). It analyzes the evolution of key indicators such as access to accounts, payment systems, credit, and savings. The report also examines the role of various stakeholders, including government agencies, financial institutions, and international organizations, in promoting financial inclusion. It identifies challenges related to infrastructure, regulation, and consumer protection, and offers recommendations for building a more inclusive financial future for Haiti, focusing on vulnerable groups like farmers, youth, women, and those in remote areas.
How to cite
Bank of the Republic of Haiti (BRH), 2024, The SNIF 10 Years Later: An Assessment of Financial Inclusion in Haiti, https://www.brh.ht/wp-content/uploads/SNIF.pdf