FINANCIAL INCLUSION: PRAGMATISM AND DISSEMINATION

Abstract

The article proves that financial inclusion in general and progress in financial accessibility, in particular, is one of the dominant directions of post-war reconstruction of Ukraine, a lever for sustainable socio-economic development and equal access to financial services for all segments of the population, including those affected by the russian-Ukrainian war. The authors provide a new theoretical justification and empirical argumentation of the need for the paradigmatic nature of financial inclusion in the processes of digital transformation of society and public financial services. For this, in particular, the SWOT-analysis methodology was applied, which allowed to identify strengths and weaknesses, opportunities and threats (risks) associated with the implementation of the financial inclusion paradigm. The article substantiates the role of state policy, international cooperation and innovative financial solutions in achieving inclusive and sustainable development, in particular considering the provisions set out in the Memorandum on Economic and Financial Policy (section “Financial Inclusion”). The importance of inclusive financial solutions (programs) for stimulating economic growth, the development of entrepreneurship, in particular veterans’ and the restoration of regions affected by the military aggression of rf is emphasized. In order to form an inclusive financial landscape, typologies of individual measures are proposed that increase the level of financial literacy of all stakeholders and create positive regulatory inertia in achieving comprehensive progress in financial inclusion. The further need for coordination of efforts between state regulators, public and corporate sectors of the economy, international financial organizations, and development partners to create an effective inclusive financial system aimed at reducing social inequality, promoting post-war economic recovery, and ensuring financial stability in the long term is substantiated. To this end, separate conceptual directions of the ontogenesis of financial inclusion have been identified: investments in education, support for programs aimed at increasing the financial literacy of stakeholders, creation of a favorable regulatory environment with a number of formal and informal institutional rules, implementation of innovative financial solutions, as well as expanding access to financial services in rural areas, attracting international support and partnerships with international financial organizations for the effective implementation of inclusive initiatives.