|FINANCIAL INCLUSION - ADVANCING THE GLOBAL CHALLENGE|
|Friday September 23, 2011|
04:00 PM - 05:00 PM
Archive video link available at http://www.worldbank.org/pos/
Today, about 2.7 billion people and 400 million businesses around the world
lack basic access to financial services, impeding the development of individuals,
businesses, and economies. Access to financial services provides stability
and accelerates equitable development and growth for households and businesses
and provides opportunities for job creation, women-owned businesses and
entire economies. This gap in financial inclusion is a global challenge,
but also an opportunity. Innovations in banking and business models
are making it possible to provide savings, loans, payments and insurance
to those once thought unreachable.
The good news is that these innovations and growing commitments to financial
inclusion have already made tangible progress and hold the potential for
even more. Now is the time to harness this momentum and accelerate action
to make financial services widely accessible to people and businesses that
Key questions in this interactive session included:
- What are the key obstacles to accelerating
progress toward financial inclusion? How can they be overcome?
- How common are national country action plans
on financial inclusion? How are they effective in reaching financial
inclusion goals? What more can be done in promoting cross-sector
- What is the role of the private sector in
closing the gap in access to finance for households and businesses? How
can these commitments be encouraged?
- How can economic opportunities for women
entrepreneurs be expanded? Why are they important?
- What is the role of the WBG and CGAP in closing
the gap in financial inclusion?
|Panelist(s):||Ben Knapen , Minister for European Affairs and International Cooperation, Netherlands|
Princess Máxima , Princess of the Netherlands, UN Secretary-General’s Special Advocate for Inclusive Finance for Development and Honorary Patron of the G20 Global Partnership for Financial Inclusion
José Antonio Meade , Minister of Finance and Public Credit, Mexico
Mahmoud Mohieldin , Managing Director, World Bank
|Moderator(s):||Rachel Kyte , Vice President, Head of Sustainable Development Network, World Bank Group|
|Organized by:||Peer Stein, Bikki Randhawa and Nina Bilandzic, IFC - Access to Finance Advisory - World Bank Group|
|Last modified on: 09/28/2011 05:19:01 PM|