20
financial inclusion a high priority in their agenda.
The United Nations Capital Development Funds
has been established a serial programs to carry
out financial inclusion around the world such
as Shaping Inclusive Financial Transformation
Program (SHIFT), Making Access to Finance
Possible (MAP) and Better than Cash Alliance
Program (BTCA). These programs are designed to
assist developing countries in improving access
and making use of financial services, particularly
for women and small and medium enterprises; to
help small and micro businesses and individuals
to access financial services. These programs
are implemented by policy dialogue, sharing
experiences in developing the inclusive finance
roadmap of each country, and promote electronic
payments nationwide, thereby enable citizens to
easily access and use secure and cost-effective
financial and banking services.
G20 also recognizes the importance of inclusive
finance, and introduce nine (09) principles
for inclusive finance in the G20 Action Plan,
including: (i) broadening the commitment of
governments to comprehensive finance to reduce
poverty; (ii) implementing policy measures to
enhance access to and use of appropriate financial
services (savings, credit, payment, remittance and
insurance) and diversification of supply patterns
grant; (iii) promoting innovation and technology
and institutional improvements, creating a
FINANCIAL POLICIES TO SUPPORT THE SUSTAINABLE
DEVELOPMENT OF AGRICULTURE, RURAL AREAS AND
DISASTER RISK INSURANCE INVIETNAM
NGUYEN VIET LOI, PhD. -
National Institute for Finance *
Rural agriculture has been suffering frommore frequently vulnerable natural disasters, causing major
losses to economies in the Asia - Pacific region. In order to strengthen financial sustainability, increase
the capabilities to cope with poverty, natural disasters, and strengthen social security and sustainable
growth in the medium term, there should be practical and inclusive policies for the rural agriculture area,
especially the financial solutions. Recognizing the importance of financial inclusion in poverty reduction
and inclusive and sustainable economic development, international organizations and multilateral
forums consider financial inclusion a high priority in their agenda.
Keywords: Agriculture, Financial, developing economies
Received: November 1
st
, 2017
Revised: November 7
th
, 2017
Accepted for publication: December 5
th
, 2017
Financial inclusion affirms its position
Rural agriculture has been suffering from
more frequently vulnerable natural disasters,
causing major losses to economies in the Asia -
Pacific region. Financial inclusion is important to
all sectors of society, especially for those who live
in vulnerable rural areas and are limited in access
to financial services. The rural area in developing
economies is often characterized by much higher
poverty rate than that in developed economies
where agriculture is highly industrialized and
service-based.
Improving access to finance is necessary
to expand job opportunities and promote
consumption, thereby contributing to the
economic development of rural areas in
developing economies. In order to strengthen
financial sustainability, increase the capabilities
to cope with poverty, natural disasters, and
strengthen social security and sustainable growth
in the medium term, there should be practical and
inclusive policies for the rural agriculture area,
especially the financial solutions.
Recognizing the importance of financial
inclusion in poverty reduction and inclusive and
sustainable economic development, international
organizations and multilateral forums consider
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