Public-private sector cooperation secures financial inclusion, individuals’ future

Prime Minister Bisher Al-Khasawneh sounds the ceremonial gong, launching the Alliance for Financial Inclusion Global Policy Forum on Wednesday, September 7, 2022. (Photo: AFI Facebook)
AMMAN — Arab and foreign financial advisors taking part in the 2022 AFI Global Policy Forum, highlighted the importance of financial inclusion to securing the future of individuals and their families.اضافة اعلان

According to those who talked to Jordan News, expanding financial inclusion and finding solutions to the current economic problems, most notably poverty and high inflation rates, can only happen through a partnership between the public and private sectors, and should involve all members of society in the economic reform process.

The forum, co-hosted by the central bank of Jordan and (AFI), under the theme “Moving forward together: Toward a resilient, inclusive, and sustainable future” at the Dead Sea on September 7 and 8, is slated to tackle the latest issues related to financial inclusion, highlight proven financial inclusion policy solutions beyond the COVID-19 pandemic, and look toward to the future focusing on livelihood, sustainability, social dynamics, and innovation.

Deputy Director at the Bank of Uganda Joyce Okello told Jordan News that “what distinguishes this forum is that it brought together different stakeholders from global banks, institutions, and organizations to discuss financial inclusion”.

She added that “the forum aims, through its agenda, to ensure that individuals will have access to financial services in the near future and this would lead to economic empowerment”.

“Among the topics of interest in the gatherings of stakeholders that follows the forum are inflation, women empowerment, and climate change. It is such a good platform for workers in private and public sectors to discuss such common issues,” she added.

Executive Director of the Bank of Industry Limited, Nigeria, Toyin Adeniji stressed that the forum addresses “important topics, most prominent of which, are financial inclusion, as well as the importance of involving women, and all categories of the society, in all issues”.

“Integration leads to a real economic progress of any nation. When everybody is involved in the reform process, this contributes to the revival of the economy and the elimination of the repercussion of many setbacks such as inflation and climate change,” she told Jordan News.

LHoFT (Luxembourg House of Financial Technology) CEO Nasir Zubairi told Jordan News: “When an individual is able to pay all his financial duties and gets economically empowered, they can think in a more advanced way about collaborating with other individuals in the society to achieve all economic goals.”

He pointed out that “Luxembourg’s government strategy in the cooperation between the private and public sector is a successful model. This cooperation has great impacts on the economy and contributes to the revival of it as well as it contributes to resolving all lingering problems”.

Sub Governor of the Financial Inclusion Sector at the Central Bank of Egypt Sherif Lokman told Jordan News that “this forum brings together representatives of the government sector from different countries, and the main objective of it is to serve the citizen and the private sector”.

He stressed the importance of the cooperation of public and, private sectors in order to solve all economic problems.

“When we ensure that we can provide banking services for all citizens, regardless of which social segment they belong to, this guarantees them a decent life in the near and far future,” he said.

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