Abu Dhabi, UAE: His Royal Highness Prince Abdulaziz bin Talal bin Abdulaziz Al Saud, His Highness Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture, Youth and Community Development, UAE, and Her Majesty Queen Sofia of Spain honoured winners of the 2016 AGFUND International Prize for Pioneering Development Projects at a grand award ceremony held last evening in Abu Dhabi.
The event was held as part of closing ceremony of the 18th edition of the Microcredit Summit, which was held under the patronage of His Highness Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of the Abu Dhabi Executive Council. It was attended by His Excellency Hussain Al Nowais, Chairman of Khalifa Fund for Enterprise Development, Nasser Bakr al-Kahtani, CEO of AGFUND, high level government officials, representatives of the local and international organisations, development experts, diplomats and media representatives.
Beth Rhyne’s recent review of the Davos report “Guidance on the application of the core principles for effective banking supervision to the regulation and supervision of institutions relevant to financial inclusion” articulately and clearly present some of the chief benefits of the Davos meeting as well as outline some of the important work that still largely remains in context of framing regulations to support achieving full financial inclusion.
The Campaign, like the Center for Financial Inclusion, has a mission that focuses on ensuring that as financial inclusion strategies are developed become the prime means of moving forward the global agenda to end poverty, that these strategies are sure to include those who are among the hardest to reach populations. This will take a mix of new and innovative programs as well as, as Beth Rightly phrased it, a reinvention of how regulatory frameworks facilitate those programs.
At the 18th Microcredit Summit, the Campaign is organizing, in partnership with the Arab Monetary Fund (AMF) and the Arab Gulf Fund for Development (AGFUND), a special meeting of Governors of central banks throughout the Arab region to discuss recent progress in achieving this redefined shape and meeting their financial inclusion mandates. With participation from key stakeholders like GIZ, CGAP, and others, we will be facilitating a deep discussion on the importance of many of the key issues that Beth has raised. Learn more about this side event, called “Implementing National Financial Inclusion Mandates.”
We encourage you to read her assessment on where Davos has brought the regulatory sector and what roads and challenges lie ahead for it. Furthermore, if the topic really grabs you, the Davos report is open for public comment until March 31, 2016.
AGFUND made a Campaign Commitment at the 2013 Partnerships against Poverty Summit – Learn about the progress they’ve made and their Commitment to ending extreme poverty. EspañolFrançaisContinue reading →