This report is the third in a series of annual reports produced by the United Nations Capital Development Fund (UNCDF). It presents learning and reflection on progress against the financial inclusion indicators included in the 2020 and 2021 reports, along with the introduction of new indicators for 2022. In 2020, following the development of a guidance note by the Working Committee on Financial Inclusion (WC-FINC) DO1 Working Group, the Working Group identified that the Association of Southeast Asian Nations (ASEAN) requires a regional monitoring and measurement system with standardized indicators for financial inclusion.

As a result, WC-FINC developed a regional framework and report in close partnership with UNCDF and in collaboration with the ASEAN Member States (AMS) during an iterative process of engagement and feedback. In 2021, UNCDF provided support in the drafting of a follow-on report to assess the progress made by the AMS towards the financial inclusion targets and indicators agreed, particularly those added for the 2021 report around inclusive growth. The reporting framework used for this series enabled an assessment of market progress and the effectiveness of the implementation of the National Financial Inclusion Strategies (NFISs) to achieve the desired outcome.