Financial health describes a condition where a person can manage day-to-day finances, face unexpected financial challenges and is able to seize opportunities that allow them more security and mobility in life (i3 Consumer Research Insights in Malaysia, 2019).
In November of 2019, UNCDF together with MSC organized an event entitled, “Financial health and its relevance for the developing world” that was held in Singapore, with private financial institutions, central banks, financial technology companies, research institutions , development organizations and donors in attendance. The objective of this event was to get an initial taste of the concept of financial health as understood by different stakeholders, including its importance and relevance for programming of financial interventions and formulation of policies and regulations in the developing world. The learning event is part of the i3 initiative.
About the i3 initiative:
The i3 (innovate, implement, impact) initiative is supported by the Metlife Foundation and implemented by the UN Capital Development Fund (UNCDF) in Malaysia and China and MicroSave Consulting (MSC) in Bangladesh and Vietnam to improve the financial health of low- and moderate-income populations.
