Peru Adopts National Financial Inclusion Policy (PNIF)
9 agosto 2019


On August 5, President Martín Vizacarra, adopted Supreme Decree No 255-2019-EF containing the National Financial Inclusion Policy (NFIP). The plan includes a series of public policies and objectives to be progressively implemented from 6 August this year until December 2030. The objectives will be supervised by the Multisectorial Commission on Financial Inclusion.

The PNIF seeks to promote and facilitate the process of financial inclusion by coordinating actions to allow greater access to quality financial services and ensure their responsible use. The idea is to make the range of services offered efficient, reliable, innovative, accessible, affordable and adequate so that they meet the needs of all the segments of the population, in order to contribute to overall development and economic stability.

The NFIP establishes 5 priority objectives that will contribute to the development and implementation of the plan:


Create confidence among all segments of the population in the financial system Improving skills and financial capabilities of all population segments, through communication strategies, and implementing mechanisms to promote access and use of formal financial services. Capabilities to help the user population access and use financial services must be created especially for the population managing MIDIS social programs. An increase in financial transactions among the adult population, new SMEs debtors and social program users through accounts with low probability of default.
Ensure supply of financial services commensurate with population needs  The aim is to increase the number of innovative, affordable, convenient and accessible channels and encourage the supply of simple services. An action plan is being planned to foster the greater channel coverage which is both accessible and convenient.. Increase the coverage of the public and private  financial system.
Mitigate frictions in market functioning Promote a regulatory framework commensurate with the evolution of innovation trends in the financial field, preserving the stability of the financial system in a context of free competition. Measure to strengthen regulation of market conduct. In addition, it must be adapted to evolving innovative trends in the financial sphere. Reduction in number of complaints filed by consumers using the financial system.
Develop telecommunications and digital platforms to increase financial services coverage and use. Implement infrastructure to make financial services available to all segments of the population. Development of digital platforms to favor collaboration, authentication and digital security. Provide Internet access coverage for citizens in population centers lacking broadband coverage. Increase population centers with broadband Internet service coverage to 52%.
Strengthen mechanisms to coordinate institutional efforts Create inter-institutional mechanisms to establish role of public financial institutions in financial inclusion policies. Develop management instruments and mechanisms to articulate public and private institutions and society. Creation of Plan to implement mechanisms to coordinate institutional efforts for financial inclusion. Increase participation of local governments to in concrete actions, activities or agreements to promote financial inclusion. 
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