How do the MDGs address access to financial services?

How do the MDGs address access to financial services?

The Millennium Development Goals (MDGs) address access to financial services by including a specific target under Goal 1: Eradicate Extreme Poverty and Hunger. Target 1.B of MDG 1 aims to achieve full and productive employment and decent work for all, including women and young people. This target recognizes the importance of access to financial services, such as credit, savings, insurance, and remittances, in promoting economic growth and poverty reduction.

Additionally, MDG 8: Develop a Global Partnership for Development, emphasizes the need to address the financial needs of developing countries. This includes providing access to affordable financial services, promoting the use of technology in financial transactions, and encouraging international cooperation to support financial inclusion.

Overall, the MDGs recognize that access to financial services is crucial for poverty reduction, economic development, and achieving sustainable development goals.