Empowering Micro, Small, and Medium Enterprises through Islamic Finance Read more about Empowering Micro, Small, and Medium Enterprises through Islamic Finance ADB’s Asghar Ali Syed from the Office of the General Counsel shares how participation in ADB’s Islamic Finance Working Group can contribute to the task of helping Muslims residing in developing member countries gain access to finance. ADB, as the premier financial institution within Asia and the Pacific, should consider how Islamic finance can help develop the sector and ensure it can help lift people from the region out of poverty. This video covers the full session of Insight Thursday, ADB’s in-house knowledge sharing series.
Empowering Micro, Small, and Medium Enterprises through Islamic Finance Read more about Empowering Micro, Small, and Medium Enterprises through Islamic Finance ADB’s Asghar Ali Syed from the Office of the General Counsel discusses the basics of Islamic finance and how it can serve as a catalyst for development in ADB’s developing member countries. By sharing the opportunities that Islamic finance presents, he shows how ADB can become more active in this sector.
Empowering Micro, Small, and Medium Enterprises through Islamic Finance Read more about Empowering Micro, Small, and Medium Enterprises through Islamic Finance ADB's Asghar Ali Syed from the Office of the General Counsel discussed how micro, small, and medium enterprises' access to financial services can be increased through Islamic finance in ADB's operations. He provided examples on how improving access to financial services can bring real and positive change into the lives of low-income households. This event is part of ADB's in-house Insight Thursday lecture series.
Deploying Mobile and Branchless Banking in Bhutan Read more about Deploying Mobile and Branchless Banking in Bhutan An ADB project is helping Bhutan promote financial literacy and strengthen financial inclusion by supporting mobile and branchless banking. In line with the government's priority under the Eleventh Five-Year Plan (2013–2018) to improve the business climate for the private sector, the Strengthening Economic Management Program II (SEMP II) identified the possibility of high impact mobile and branchless banking that extends the reach of financial services to remote areas.
Keynote Speech of Jaime Augusto Zobel de Ayala - Forum on Promoting Remittance for Development Finance Read more about Keynote Speech of Jaime Augusto Zobel de Ayala - Forum on Promoting Remittance for Development Finance In his keynote address, businessman Jaime Augusto Zobel de Ayala acknowledges the long-term value and positive effects of remittances to our country, citing that in the past decade, remittances have grown at a yearly average of 10%. This growth needs to be supported and sustained through strategies such as financially inclusive products, services, and innovations that can help channel remittances into the economy. He details examples of these products and innovations in his keynote speech.
Remittances and Financial Inclusion: A Policy and Regulatory Approach Read more about Remittances and Financial Inclusion: A Policy and Regulatory Approach The volume of remittance inflows in the Philippines continues to grow. In 2014, remittances channeled through the banking system reached US$24.3 billion, or 8.5% of the country's gross domestic product. The Bangko Sentral ng Pilipinas (BSP) sees this is an opportunity for inclusive growth. It has fostered financial inclusion through policy initiatives that enable more Filipinos to gain effective access to a wide range of financial services that could help them manage unforeseen financial shocks and increase their savings and investments.
Pia Bernadette Roman Tayag Keywords Bangko Sentral ng Pilipinas financial inclusion financial education and consumer protection Read more about Pia Bernadette Roman Tayag Ms. Pia Bernadette Roman Tayag is the Director of the Office of the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA). In this role, Pia leads the team that supports the work of Her Majesty Queen Máxima of the Netherlands as the UNSGSA.
Conference Report - Financial Inclusion in the Digital Economy Read more about Conference Report - Financial Inclusion in the Digital Economy Experts in this report shares insights about what works and what does not in the digital ecosystem for expanding innovative financial inclusion solutions to meet development objectives. This document also discusses the role of multilateral development banks in supporting the development of digital finance by providing policy advice and financing.
Closing Remarks - Financial Inclusion in the Digital Economy Read more about Closing Remarks - Financial Inclusion in the Digital Economy In his closing remarks at this conference, Asian Development Bank (ADB)’s Diwakar Gupta stressed that (i) public private partnerships are vital for digital financial services to reduce costs to government; (ii) development in digital finance can expand financial services for the poor and build financial security; and (iii) ADB must find its niche as an enabler, targeting financial technology developmental players.
BASIX Social Enterprise Group Read more about BASIX Social Enterprise Group BASIX Social Enterprise Group, at the forefront of financial inclusion, offers affordable, accessible, and scalable digital payments solutions to the bottom of the pyramid (BoP) segment in India. This presentation discusses the stages of microfinance digitization based from BASIX’s experience.