Abu Dhabi hosts 10th Regional Financial Inclusion Task Force Meeting

Abu Dhabi hosts 10th Regional Financial Inclusion Task Force Meeting

Abu Dhabi hosts 10th Regional Financial Inclusion Task Force Meeting

The 10th Regional Financial Inclusion Task Force Meeting to promote the financial inclusion in the Arab states, began on Saturday at Marriott Downtown Hotel in Abu Dhabi, with the participation of representatives from the World Bank, the German Development Agency, the consultative group to help the poor, the Global Alliance for Financial Inclusion, and Islamic Development Bank group.

The team discussed a number of important issues and topics, including the launch of systematic statistical field surveys to monitor demand aspects for financial services in the Arab countries, and an updated draft of the questionnaire survey about the investigative reality and protection of consumers of financial services in the Arab countries.

The meeting also reviewed the preparations for the activities and events of the Arab Day for Financial Inclusion, which falls on April 27 each year. This date was adopted by the Board of Governors of the Central Banks, the Arab Monetary Fund. It addressed the impact of bank policies in reducing risks of financial inclusion in the Arab countries, as well as to identify the development of the legal framework of modern financial techniques.

The attendee also discussed proposals to promote women’s access to financial services in the Arab countries.

The Regional Task Force, is affiliated to the Board of Governors of the Central Banks and the Arab Monetary Institutions. Its membership includes managers and officials involved in the issues of financial inclusion in those banks and institutions.

The team works on the development of policies and procedures relating to the promotion of financial inclusion in the Arab countries, and work to improve the indicators of financial inclusion.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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