, in coordination with nine State-run agencies, developed the Multisectoral Strategic Plan (PEM) of the
to promote access of the entire population to financial services through 30 measures.
The PEM relies on a strong digital component. Thus, it is expected to boost the use of digital payment means in a secure manner for the population, develop telecommunications infrastructure (the basis on which financial services are offered), and progressively eliminate the use of cash in all private and public transactions.
Likewise, it aims to promote financial education and training of the population, so that technology can be used effectively by consumers.
The 30 measures are run by the Multisectoral Commission for Financial Inclusion, in which the Presidency of the Council of Ministers (PCM); the MEF; the Ministry of Transport and Communications; the Ministry of Production; the Ministry of Agrarian Development and Irrigation; the Ministry of Development and Social Inclusion; the Superintendency of Banking, Insurance and AFP; the Superintendency of the Securities Market; and Banco de la Nacion (Bank of Nation) participate.
With these 30 policy measures, 75% of the adult population will own an account in the financial system by 2030.
Likewise, it aims for the population to have greater financial capacities and competencies, higher levels of access and use of quality financial services, which will allow them to access financial services in a timely, adequate, and sufficient manner.
Among the main measures are: financial education programs and plans, training for the use of digital tools by entrepreneurs and traders, promotion of inclusive financial products and services, DNI (ID card) Account Implementation Plan, digital transformation process at Banco de la Nacion, development of telecommunications infrastructure for expanded financial services, and boosting the Secure Digital Transformation program, among others.
It should be noted the National Financial Inclusion Plan
considers that the low level of access and use of financial services restricts the economic development and financial stability of the population, limits competitiveness and productivity, and does not contribute to the reduction of poverty and inequality, which is why it is important to promote access to financial services through the PEM.