Winners of the 2015 AGFUND International Prize announced

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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.

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Implementing national financial inclusion mandates in the Arab region

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MCS+KF+AGFUND+AMF+18MCSummit logos longBeth 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.

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Serving children and youth in your work to end poverty

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Thank you to the Microfinance Gateway for translating this to Arabic!


Nearly 70 individuals joined us on March 12th to celebrate Global Money Week and engage with representatives from AGFUND and Child & Youth Finance International, exploring strategies and specific programs to include children and youth in their work to help end poverty.

The discussion went in depth on major challenges facing microfinance practitioners looking to effectively and safely serve this group but also highlighted several leading examples of how those challenges may be overcome.

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Jared Penner, manager for education and engagement, spoke about the importance of not overlooking children and youth in the financial inclusion map and underscored the importance of early exposure to, and the deeper resulting understanding from, using financial tools — particularly savings accounts. Ignacio Bianco, also with CYFI, talked about their SchoolBank Program in which they work with education and banking partners to deliver specially designed savings accounts to children at their schools.

AGFUND_279x172Nasser Al-Khatani, executive director of AGFUND, presented some foundational lessons that have been developed into guidelines for how AGFUND’s member banks approach serving children and youth through a combination of financial and educational supports. Mr. Al-Khatani also described their own work with delivering savings to children and the important role this program has played in further integrating the children’s parents into the formal financial system.

Watch the full session here!

Access the presenters’ slides or additional resources below

We were thrilled to be part of Global Money Week through a Campaign Commitment E-Workshop for the second year in a row. We are also pleased to have both CYFI and AGFUND as members of the Campaign through their impressive Campaign Commitments!  Find out more here.

We would like to know more about your work too!

Be Inspired. Set Goals. Make a Commitment.

Write to us to find out how to announce your Campaign Commitment and join this global coalition of leaders setting actionable goals for their work to end extreme poverty!

State your Campaign Commitment by contacting us at mycommitment@microcreditsummit.org.


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Learn about the 100 Million Project Project and Campaign Commitments.

Financial Inclusion to Alleviate Poverty: AGFUND’s Campaign Commitment

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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. EspañolFrançais Continue reading

Creating Solutions for Social Problems

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“Invest in us and change the world.” That’s what social business is all about. —Muhammad Yunus EspañolFrançais Continue reading