AMMAN — Under the auspices of His Majesty King
Abdullah, the Central Bank of Jordan (CBJ) is hosting the
Global Policy Forum (GPF) at the Dead Sea on September 7 and 8.
اضافة اعلان
CBJ and the Alliance for Financial Inclusion (AFI)
will co-host the forum that will be held under the theme “Moving forward
together: Toward a resilient, inclusive, and sustainable future”; it is
expected to bring together 600 policy makers from some 80 countries to discuss
the latest issues related to financial inclusion.
GPF 2022 will highlight proven financial inclusion
policy solutions beyond the COVID-19 pandemic and look toward to the future,
focusing on the four pillars of financial inclusion: livelihood,
sustainability, social, and innovation.
At a press conference on Sunday,
CBJ Governor Adel
Al-Sharkas said: “We are very proud of our cooperation with the reputable AFI,
and we commend AFI’s efforts and determination to bring all the stakeholders
here in Jordan, especially after the pandemic.”
According to Sharkas, Jordan’s joining the alliance
means that policymakers get the chance to learn from international expertise in
financial inclusion.
He said that “Jordan was the first Arab country to
launch financial inclusion”, adding that financial culture is very important
and a curriculum was developed for grades 7–12 to educate students on how to
develop finance-related projects.
He also spoke about the impact of cybersecurity on
financial inclusion, indicating that the CBJ has established a cybersecurity
unit to prevent and face potential technological risks, and pointed out that
the pillars included in the strategy will remain the same but “we will add more
this year; including green growth, national payments, insurance, and saving”.
Jordan rated fourth in the credit index, up from 134 in 2019
The forum is bound to highlight Jordan’s most
important initiatives and its promotion of innovation in financial inclusion,
in light of the Kingdom’s success in achieving the objectives of the National
Strategy for Financial Inclusion (2018- 2020), which resulted in raising the
financial inclusion rate from 33.1 percent to 43.1 percent, as measured by
account ownership, and reducing the gender gap from 53 percent to 22 percent,
according to the preliminary data of the survey of demand and supply carried
out by CBJ.
Sharkas said that in the World Bank’s Doing Business
2020 Report, Jordan rated fourth in the credit index, up from 134 in 2019.
AFI Executive Director Alfred Hannig said that “our
task now is to save the knowledge we have in financial inclusion, use it, and
prepare for the restoration of the economy”.
Hannig also talked about the technological risks to
financial inclusion, including identity theft, and added that “prior to the
forum, closed meetings for AFI members will take place” and that “inclusive
green finance” is one of the matters the forum will take into account, as it
makes financial inclusion more sustainable.
The AFI
Global Financial Inclusion Awards will celebrate the members’ achievements at
the policy level.
AFI is the world’s leading organization on financial
inclusion policy and regulation. Roughly 85 member institutions make up the AFI
network including central banks, ministries of finance and other financial
regulators from 75 developing and emerging countries.
Hosting the Global Policy Forum is an affirmation of
the Kingdom’s pivotal regional and global role in promoting financial
inclusion.
The forum is a meeting point for elite representatives of
government agencies, institutions, and international financial companies; it
highlights the excellence of the Jordanian financial and banking sector at
regional and global levels, and the Kingdom’s continuous efforts to achieve
sustainable economic growth and enhance economic and financial stability in the
Kingdom through financial inclusion policies and strategies.
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