Banking the Unbanked in Fiji: The ANZ Bank and UNDP Partnership
From WaterWiki
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Banking the Unbanked in Fiji: The ANZ Bank and UNDP Partnership | |
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UNDP/RBAS | |
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Asia/Pacific (Fiji) | |
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UNDP’s engagement with the private sector in the Pacific is aimed at forging sustainable partnerships for achieving the Millennium Development Goals. The 2004 release of the report "Unleashing Entrepreneurship – Making Business Work for the Poor" by the Commission on the Private Sector and Development has provided both impetus and direction to further energize UNDP’s role in facilitating partnerships with the private sector that have clear pro-poor outcomes. The UNDP and ANZ Bank Partnership for Banking the Unbanked in the Pacific is a tangible example of a substantive partnership aimed at pooling the respective strengths of each partner to devise viable and innovative banking services to the approximately 6 million people, living in both urban but largely rural communities, who have no access to financial services. The atached paper focuses on the experiences of the Fiji Rural Banking service which was launched in October 2004. Chapters fo the Report: Role of Private Sector and UNDP in Fiji Rural Banking System, Outcome, (Early) Lessons, Way Forward ... | |
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a. Creative Thinking: It required both partners to think out of the box. ANZ Bank to come up with a solution to what is widely considered an unviable market. UNDP needed to find a mechanism to partner with a commercial partner without jeopardizing its mandated neutrality. The partnership solidified quickly as both ANZ Bank and UNDP shared the same objectives and recognized each others strengths. Both partners |