Dubai: Arab Monetary Fund Highlights Growing Importance of Financial InclusionSource: www.export-egypt.com 4/27/2017, Location: Middle East |
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The Arab Monetary Fund, AMF, has highlighted the increasing importance of the issue of financial inclusion in achieving sustainable development in Arab countries and presented a regional initiative where it will co-operate with the Alliance for Financial Inclusion and the German Development Agency.
During a press conference at the AMF headquarters, Dr. Abdulrahman bin Abdullah Al Humaidi, Director-General of the Arab Monetary Fund, spoke about the significance of financial inclusion strategies and policies, especially financial stability and economic growth, and achieving overall sustainable development. He also noted considerable opportunities that can be achieved by enhancing access to financial services in Arab societies. Statistics show that the percentage of the adult population in Arab countries with no access to official financial and financing services is around 71 percent, including 78 percent for women and 93 percent for poor and low-income groups. For Arab Financial Inclusion Day, the board of governors of central banks and Arab monetary institutions stressed their continuing desire to prioritise and place importance on the issues of improving financial inclusion for adopting economic policies. The aim of Arab Financial Inclusion Day is to increase awareness about financial inclusion and its requirements in Arab countries, as well as related issues, policies and programmes. |
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