FE Report
A high-profile Financial Inclusion Conference will be held in London today (Tuesday) aimed at helping the developing countries to scale up their public and private sector commitments to the financial sector.
The Bangladesh Bank (BB) Governor Salehuddin Ahmed will chair a session while the State Bank of Pakistan (SBP) Governor Shamshad Akhtar will speak about the central bank's role in the public sector.
The Department for International Development (DFID) and Her Majesty's Treasury (HMT) organised the conference where finance ministers, central bank governors, and representatives from the private sector, the international donor community and international organisations are expected to attend.
Financial sector development has been shown to lead to economic growth and reduce poverty, yet there are an estimated over two billion financially excluded people in the developing world, according to the organisers.
Halving the number of people without access to financial services by 2015 would require a concerted and sustained effort by the private sector both internationally and in developing countries.
But developing country governments, with support from development partners, need to provide the right enabling environment, incentive framework and support for the private sector to take up the challenge, they added.
Financial Inclusion Confce in London today
FE Team | Published: June 19, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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