ID :
129422
Thu, 06/24/2010 - 11:42
Auther :
Shortlink :
https://oananews.org//node/129422
The shortlink copeid
CENTRAL BANKS UNITE TO INCREASE FINANCIAL INCLUSION EFFORTS
KUALA LUMPUR, June 23 (Bernama) -- A new international working group made up
of expert policymakers and supervisors from the central banks and supervisory
bodies in developing and emerging countries will increase access to financial
services for the poor.
The working group will focus specifically on the issue of improving
national-level collection and use of financial inclusion data - a critical but
often lacking element for financial inclusion policy development and
implementation.
"With this working group, developing country policymakers are taking the
lead to come together, share experiences and build solid knowledge that can be
shared widely with other countries.
"It also provides the evidence base for policy decisions to ensure increased
access to financial services for the poor," Alliance for Financial Inclusion
(AFI) Executive Director Alfred Hannig said in a statement Wednesday issued in
conjunction with the launch of the working group.
The working group was launched under the auspices of AFI, a community of
central banks and regulatory authorities from some 50 developing countries.
Malaysia's central bank Bank Negara Malaysia (BNM) Deputy Governor,
Muhammad Ibrahim meanwhile called on the working group to consider, in the
longer term, the development of a composite financial inclusion index.
"The composite index will benefit everyone by providing a broad measure of
trends, facilitate comparisons between distinct segments and create a benchmark
for policy work in financial inclusion.
"It can eventually help to popularise the notion of financial inclusivity,
and in that way help garner more global support for financial inclusion
initiatives the world over," he said.
The forming of the group comes in response to requests by its members for a
platform to explore the topic of financial inclusion data further and share
expertise to build the capacity within the AFI network in data methodologies and
approaches aimed at creating evidence-based policy.
-- BERNAMA
of expert policymakers and supervisors from the central banks and supervisory
bodies in developing and emerging countries will increase access to financial
services for the poor.
The working group will focus specifically on the issue of improving
national-level collection and use of financial inclusion data - a critical but
often lacking element for financial inclusion policy development and
implementation.
"With this working group, developing country policymakers are taking the
lead to come together, share experiences and build solid knowledge that can be
shared widely with other countries.
"It also provides the evidence base for policy decisions to ensure increased
access to financial services for the poor," Alliance for Financial Inclusion
(AFI) Executive Director Alfred Hannig said in a statement Wednesday issued in
conjunction with the launch of the working group.
The working group was launched under the auspices of AFI, a community of
central banks and regulatory authorities from some 50 developing countries.
Malaysia's central bank Bank Negara Malaysia (BNM) Deputy Governor,
Muhammad Ibrahim meanwhile called on the working group to consider, in the
longer term, the development of a composite financial inclusion index.
"The composite index will benefit everyone by providing a broad measure of
trends, facilitate comparisons between distinct segments and create a benchmark
for policy work in financial inclusion.
"It can eventually help to popularise the notion of financial inclusivity,
and in that way help garner more global support for financial inclusion
initiatives the world over," he said.
The forming of the group comes in response to requests by its members for a
platform to explore the topic of financial inclusion data further and share
expertise to build the capacity within the AFI network in data methodologies and
approaches aimed at creating evidence-based policy.
-- BERNAMA
