FINANCIAL INCLUSION: TOWARDS STRATEGIC FINANCIAL & SOCIAL STABILITY
18 – 19 OCTOBER 2016 INTERCONTINENTAL HOTEL AMMAN - JORDAN
Financial Inclusion is a main & significant issue in the overall strategy of sustainable development due to its impact on improving the opportunities of growth and maintaining financial and social stability. The G20 has adopted financial inclusion as one of the main topics in its economic and financial development agenda, whereas the World Bank has identified an ambitious target to facilitate access of financial services for all by 2020 due to their effective role in poverty alleviation and fighting unemployment.
International statistics collected in 2014 show that there are still about 2 billion of the world’s adult population who do not have access to financial services, despite the fact that the global percentage of adults who own bank accounts increased to 62% compared to 51% in 2011 according to the Global index on financial services.
The massive and rapid development of the information and communication technology has contributed in the emergence of many innovative financial services and models of business such as mobile banking services and financial services without bank branches, as well as in improving individuals access to financial services and promoting financial inclusion, where many restrictions that hinder access to these services diminished; thanks to these technologies.
Poverty alleviation in the Arab countries forms a significant challenge for governments and policy makers, especially at this stage where the adoption of more comprehensive approaches is required. These approaches involve, in addition to governments as planners and legislators, more concerned sectors such as financial institutions and development organizations. In this regard, we are witnessing today a new economic progress through the integration of efforts towards the concept of financial inclusion to enable the poorest social sectors, excluded from traditional banking, to participate in the economic cycle, by providing the necessary funds based on savings, cash transfers and smaller insurance. But despite its importance, there is still a significant deficiency in framing and launching of an Arab integrated strategy to activate the role of this sector in terms of supporting, encouraging or financing.
This important UAB forum will highlight the role of financial inclusion in enhancing economic and social stability and sustainable development. It will also discuss the strategies, policies and role of Central Banks, as well as the private sector institutions. In addition, it will address the importance of technological innovation and its role in the dissemination of financial services. It will also discuss the role of financial inclusion in supporting small, medium and micro enterprises and facilitating funding them.
TOPICS OF DISCUSSION:
Importance of financial inclusion in promoting social and financial stability.
Strategies and policies for financial inclusion - opportunities and challenges.
Financial Inclusion in supporting small, medium and micro enterprises.
Remittances between compliance and improving financial inclusion criteria.
The impact of financial inclusion in combating money laundering and terrorist financing.
The role of technological banking innovations in strengthening financial stability and dissemination of financial services.
The role of local, regional and international organizations in supporting financial inclusion.
The role of central banks and local Banks associations in enhancing consumer protection and promoting financial education.
Chairmen and Directors of Arab and Foreign banks
Chairmen, Directors and staff of Banking and Financial Regulatory Bodies
Managers and Staff of Retail Banking
Managers and employees of Small, Medium & Micro Enterprises
IT Managers and staff
Head of Compliance and staff
Combating Money Laundering Managers and Staff
Managers and employees of Electronic Payment institutions
Managers and staff of micro-finance institutions
STRUCTURE OF THE FORUM:
In-depth Working papers and panel discussions presented by Senior Arab bankers and managers of financial and supervisory bodies and information technology institutions, as well as senior officials of international organizations which contribute to the promotion of financial inclusion.
An exhibition for sponsoring institutions whereby the participating institutions and companies would be able to establish and develop business ties.