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Date: Wednesday, October 9th
Time: 9:30 – 11:00 AM
“Together we can achieve an important milestone in human history. A world that is free—truly free—from extreme poverty,” said World Bank President Jim Yong Kim in the opening session of the 2013 Microcredit Summit: Partnerships against Poverty. In a pre-recorded statement, Dr. Kim urged the more than 850 delegates from 71 countries to commit themselves to making microfinance a key tool in the movement to end extreme poverty.
Watch Dr. Kim’s statement
The World Bank’s two new goals to end extreme poverty by the year 2030 and to increase the incomes of the poorest 40 percent “are now the central purpose and moral underpinnings of our institution,” explained Dr. Kim.
“To achieve this bold vision, all of us will have to work together, including civil society, as well as our public and private sector partners. The many organizations involved in the Microcredit Summit Campaign and the 100 Million Project are making important contributions to these goals…”
This became the guiding theme for our three-day Summit. Through plenary presentations and workshop discussions, participants explored how, through partnerships, technology and innovation, microfinance could do a better job of reaching those living in extreme poverty and facilitating their movement out of poverty.
Central Bank of the Philippines Governor Amando Tetangco, Jr., Budget Secretary Florencio “Butch” Abad, and Indonesian Minister of Cooperatives and SMEs Syarifuddin Hasan joined Dr. Kim’s call for financial services providers to reach the excluded with products and services that enabled them to build resilience and take advantage of opportunities. (Watch the video of this part of the Opening Ceremony here.)
After the shared anecdotes of successful Filipino clients of microfinance, Professor Muhammad Yunus wrapped up the opening session to the Summit, joining his colleagues in imploring for financial inclusion across the globe. “Nobody should be outside the financial services.” Professor Yunus continued his interview discussing the importance of partnerships, and how by working together, and learning from each other, the World Bank’s goal of ridding the world of extreme poverty by 2030 will continue to present itself as one that is attainable.
Watch the the interview of Professor Yunus
The statements of dedication to existing and new partnerships against poverty from the many high-level presenters during the opening session of the Summit set forth a strong foundation for the engaging and action-oriented sessions that followed. They also put forth the platform on which delegates could form Campaign Commitments to helping 100 million families lift themselves out of severe poverty—and thereby make a dramatic step forward in doing our part as an industry to support reaching the World Bank’s goal for 2030. Learn more about the Microcredit Summit Campaign’s new initiative, Campaign Commitments, here.
Watch the full video of the Opening Ceremony