Fi­nan­cial in­clu­sion em­pow­ers women

Fiji Sun - - Business - LITIA TIKOMAILEPANONI EDITED BY: FARZANA NISHA

Women in de­vel­op­ing coun­tries are em­pow­ered when in­cluded in Fi­nan­cial In­clu­sion. This was high­lighted by the co-founder of the Bill and Melinda Gates Foun­da­tion, Melinda Gates via her video mes­sage at the 2016 Al­liance for Fi­nan­cial In­clu­sion (AFI) Global Pol­icy Fo­rum at the Sher­a­ton Fiji Re­sort on De­na­rau Is­land yes­ter­day. She said this year marked a big­ger year for the Al­liance. “In­de­pen­dence has given you now strong man­date to pro­mote the reg­u­la­tions and pol­icy that will make the econ­omy more in­clu­sive and more just,” she said. Ms Gates said an econ­omy that in­cludes ev­ery one espe­cially women. “Women in the many de­vel­op­ing coun­tries that I have vis­ited told me how much hav­ing con­trol of their as­sets and earn­ing has changed there life. “It not only em­pow­ers them­selves out of poverty, but ben­e­fits ex­tend to their fam­ily and com­mu­nity and coun­try.

“I have seen it for my­self and its trans­for­ma­tive, that’s why I’m pas­sion­ate about re­duc­ing the gen­der gap in Fi­nan­cial In­clu­sion. She added the Al­liance is tak­ing con­crete steps in ad­dress­ing the fact that too many women in too many coun­tries have a much harder time in get­ting a bank ac­count. “I also ap­plaud the Al­liance mem­bers who are be­gin­ning to look at their fi­nan­cial data by gen­der,” Ms Gates said. “This is an im­por­tant way to un­der­stand where and why women are left be­hind and how to change that. Ad­dress­ing more than 500 del­e­gates at the Fo­rum, Ms Gates said there is a lot of work ahead but the re­ward is great for all.

“I am con­fi­dent that the or­gan­i­sa­tion as­sem­bled here are up to the chal­lenge.”

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