On invitation of the Banking with the Poor Network (BWTP), ADFIAP, represented by its Secretary General, Mr. Octavio B. Peralta, presented the Association members’ work and advocacy on financial inclusion, particularly in their provision of lending and capacity-building services to micro, small and medium enterprises (MSMEs). The regional forum, which attracted 73 delegates from 23 countries, mostly from APEC member-economies was themed, “Asia-Pacific Forum on Financial Inclusion: Approaches, Regulations and Cross-Border Issues” and was held from June 25-27, 2012 at the Shanghai National Accounting Institute located in Shanghai, China.
The event was jointly organized by the Asian Development Bank Institute (ADBI), Asia-Pacific Finance and Development Center (AFDC) and the APEC Business Advisory Council (ABAC) in collaboration with the Banking With The Poor Network, China Association of Microfinance, Citi Foundation and The Foundation for Development Cooperation (FDC).
The forum topics included (a) innovative approaches to promote financial literacy (b) Information, credit bureaus and regulations (c) microfinance regulations (d) consumer protection and (e) facilitating cross-border microfinance. Also included in the program agenda were observation visits to four microfinance and wealth management organizations in China that provided first-hand information and face-to-face meetings.
Financial inclusion has been in the agenda of national governments in the region as a means, among others, to mobilize investments and increase savings in order to spur more productive economic activities and reduce poverty through the provision of financial services to the unbanked and underbanked sectors of society. Financial inclusion is one of ADFIAP’s key sustainable development advocacies for its social agenda alongside green finance (environment), MSME finance (economic) and good governance.
BWTP http://www.bwtp.org/ is Asia’s microfinance network that works towards building efficient, large-scale sustainable organizations through cooperation, training and capacity-building with the aim of achieving innovative, appropriate and demand-driven financial services for the poor.