Arab Monetary Fund seeks to enhance financial inclusion

05/7/2018 12:00 am

Abu Dhabi / Follow-up

The second meeting of partner institutions of the Regional Initiative for the Enhancement of Financial Inclusiveness in Arab Countries, launched by the Arab Monetary Fund in September 2017, was held in Abu Dhabi on Tuesday, in partnership with the German Development Agency (GIZ), the Global Alliance for Financial Inclusion (AFI) World Bank, under the umbrella of the Board of Governors of Central Banks and Arab Monetary Institutions.

A fund statement said
"The initiative" aims to "support the efforts of Arab countries to improve access to finance all economic sectors and social groups in the Arab countries, thus contributing to support the opportunities for comprehensive economic and social development."

"The initiative includes providing technical advice to the Arab authorities regarding the adoption of national strategies for financial inclusion, developing the digital financial services system, enhancing financial education and education in Arab countries, improving the access of women, youth, low-income and small and medium enterprises to finance and official financial services in Arab countries. , Through the exchange of experience and experience and benefit from modern financial techniques, to support the achievement of financial inclusion. "

The meeting also discussed progress in the implementation of the programs and activities of this initiative, as well as the development of a plan of action for the period 2019-2020.

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