Forcibly Displaced Persons from Ukraine
International Finance Corporation shares the results of the IFC market study in Poland completed jointly with PwC Polska in 2023, which was recently published on IFC website, focusing on enhancing financial inclusion of Forcibly Displaced Persons (FDPs) from Ukraine. MFC contributed to this project through interviews in 2022-2023. Feel free to share these findings with partners or colleagues.
This report explores the challenges and opportunities in integrating FDPs into financial systems in host countries and offer actionable recommendations for financial institutions and other stakeholders.
Key recommendations for financial institutions include:
- Simplifying account-opening processes and providing multilingual support to ensure FDPs can access basic financial services.
- Expanding product offerings such as SME loans, microcredit, mortgages, and tailored savings plans to meet the unique needs of FDPs.
- Leveraging fintech innovations for flexible and accessible solutions while enhancing financial literacy through targeted programs.
- Collaborating with NGOs and government bodies to provide holistic support, addressing both financial and non-financial needs of FDPs.
- Supporting FDP entrepreneurs through credit access and advisory services to foster economic independence and integration.
The similar studies IFC were conducted in Romania and Moldova:
• Moldova: Fostering Financial Inclusion of FDPs from Ukraine in Moldova
• Romania: Fostering Financial Inclusion of FDPs from Ukraine in Romania