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NFIS IMPLEMENTATION
I Gede Putra Arsana
Senior Financial Sector Specialist
FCI Global Practice, World Bank Office Jakarta
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Operationalizing the Governance Arrangement
Operationalizing the M&E
Key Achievements
Approach to Annual/Mid-term Review
Challenges and Lesson Learned
Outline
OPERATIONALIZING THE
GOVERNANCE ARRANGEMENT
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Executive Chairman : CMEA MinisterVice Ex. 1 : Gov. BIVice Ex. 2 : Chairman OJK
Financial Education
Head: OJK
Dep: OJK
CommunityProperty Rights
Head: Min. of Agrarian
Dep: CMEA
Intermediation Facility and Financial
Distribution Channels
Head: BI
Dep: OJK
Financial Services in the Government
Sector
Head: BI
Dep: CMHD
Consumer Protection
Head: OJK
Dep: BI
Policies and Regulation
Head: MoF
Dep: CMEA
Infrastructure and Financial
Information Technology
Head: Min. of Comm.
Dep: CMEA
SECRETARIAT
Head: CMEA Dep: CMEA
National Council
Chairman : PresidentVice Chairman : Vice President
Coordination
Reporting
Operationalizing the governance arrangement
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Responsibilities of the National Council
✓Coordinate and synchronize the implementation of the strategy
✓Provide direction, guidance, and policies to tackle issues and barriers related to the implementation of the strategy
✓Monitor and evaluate the implementation of the strategy
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Responsibilities of each Working Group
✓Provide policy recommendation(s) relevant to the task
✓Develop annual action plan
✓Develop annual KPI (Key performance Indicators)
✓Monitor the progress of activities and KPI
✓Conduct socialization (awareness campaign) related to the program and achievement
✓Conduct socialization (awareness campaign) related to the program and achievement
✓Provide regular reporting to Executive Committee through secretariat
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Responsibilities of Financial Inclusion Secretariat
✓ Set financial inclusion target and indicators with the consent of all working groups.
✓ Develop annual plan
✓ Monitor the progress of financial inclusion
✓ Coordinate with each working groups
✓ Conduct socialization (awareness campaign) related to the program and achievement of financial inclusion
✓ Develop and submit regular progress reporting to the Executive Committee
OPERATIONALIZING THE M&E
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Program level
▪ At the annual high-level coordination meeting, priority programs were
selected and initiated
▪ FI secretariat would then work together with each working group to
develop the implementation tracker
▪ Program manager responsible for each working group will track the
progress
▪ FI secretariat will report the result at the mid-term high level coordination
meeting
Supply side indicators
▪ Based on the agreed selected supply side indicators, FI secretariat
requested relevant financial regulator to provide quarterly submission of
data
Operationalizing the M&E
KEY ACHIEVEMENTS
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Key Achievements
Non-cash social assistance distribution
• 6 million in 2017 and 10 million beneficiaries in 2018 have received their assistance through account
Increasedphysical access
• 740,000 agent banking (168% yoy) and 205,000 mobile money agents (80% yoy) were introduced into the market by end of 2017.
Increase in the number of accounts
• 13 million of basic savings account were opened (269% yoy) and 1.4 million mobile money account at agent (17% yoy).
Introduction of dual credit system
• credit registry and private credit bureau. MSME credit reach 14 million (3% yoy).
Consumer protection
• Introduction of consumer care center, alternative dispute resolution, and tracked complain handling mechanism (80-90 percent of resolved complain were maintained).
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▪ Starting 2017, Government distributed social assistance electronically through combo
account (registered e-money + basic saving account).
▪ In end of 2017, total 6 million beneficiaries of conditional cash transfer received the
benefit electronically. This went up to 10 million from Q1 2018.
▪ In end of 2017, 1.2 million of rice subsidy (Rastra program) beneficiaries received the
benefit electronically through non-cash Food Subsidy (BPNT) program. It went up to 3.2
million in Q1 2018 and 4.2 million in Q2 2018.
Mini case study – Government to person payments
APPROACH TO ANNUAL/
MID-TERM REVIEW
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Approach to annual/mid-term review
The executive committee has an obligation to provide annual report to the President in the form of annual report
High level coordination meeting normally conducted at the end or beginning of the year to serve as the preparation for this
Mid term check in has been conducted in the past two years to look at the progress, challenges, and developing acceleration plan
In 2018, three high level meetings have been conducted and the final one is scheduled sometime before holiday break
CHALLENGES AND
LESSONS LEARNED
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▪ Legal based approach has been key to formalize the coordination
structure, to define the roles of each institutions, and settling the
budget issue
▪ Dedicated team (FI secretariat) is necessary to maintain the day to
day operation
▪ Combination of government personnel and professional is needed
to gain traction with line ministries while implementing result
oriented tracking mechanism
▪ Regular check in by the senior officials is also important to
maintain the pressure and to ensure the progress of
implementation
Challenges and lesson learned
