UNCDF and IDE in Bangladesh Since 2016, UNCDF's programmatic agenda in Bangladesh, has responded to the persisting exclusion of low-income people, especially women, that can limit the potential of individuals and businesses to contribute to and benefit from economic growth. While it started focusing on increasing access and usage of financial services; it has recently evolved (thanks to the promises showed by digital finance) to a more comprehensive strategy anchored in the need of building an inclusive digital economy to enable low- income people, especially women, accessing economic opportunities and reduce poverty. UNCDF’s new Inclusive Digital Economy Strategy (2021-2025) leverages the work we have done in the country since 2016 and expands the use of digital solutions to further tackle the main development challenges of the country. UNCDF-IDE Practice Area is currently providing the following support to the development of inclusive digital economies in Bangladesh: Policy Workstream: In joint implementation with UNDP, UN Women and ILO, UNCDF is developing the Integrated National Financing Framework in Bangladesh supported by Joint SDG Fund, with UNCDF’s activity focus on SDG 7 and Digital Finance Ecosystem. UNCDF’s Inclusive Digital Economy Scorecard (IDES) and Digital Finance Ecosystem (DFS) Assessment (in partnership with UNDP) will also be contributed towards this project’s achievements. Please see further information in Annex. Digital Payments Infrastructure Workstream: UNCDF is now currently exploring ways to support the country to strengthen and catalyze government led interoperability implementation in Bangladesh. This may include support to the Interoperable Digital Transaction Platform and the implementation to the Government of Bangladesh's QR code standards. Innovation Workstream: Through our work on innovation, we are focusing on women owned MSMEs, resilience from the COVID- 19 pandemic, remittances and migrants and agritech solutions. Skills Workstream: Most of the projects under the innovation workstream have either a digital or a financial capabilities component. In addition to that, in partnership with VISA Inc. UNCDF is building digital and financial capabilities of small and micro businesses in partnership with e-commerce platforms |