WBG President Kim, HM Queen Máxima, UN Secretary-General’s Special Advocate for Inclusive Finance for Development, and financial inclusion champions partners discussed how to reach 1 billion financially excluded people and pledged commitments to do so.

Financial inclusion will be key to the post-2015 sustainable development goals.

How to reach 1 billion financially excluded people and why was the issue the president of the World Bank Group, UN Secretary-General, UN Secretary-General’s Special Advocate for Inclusive Finance for Development, private and public sector leaders discussed at an event, Universal Financial Access 2020, during the 2015 World Bank Group-IMF Spring Meetings.

All event panelists and other private-sector coalition partners committed to what they can do and how many financially excluded people they plan to reach by extending their work and services.

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    Her Majesty Queen Máxima of the Netherlands

    UNSG's Special Advocate for Inclusive Finance for Development
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    Jim Yong Kim

    President, World Bank Group
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    Ban Ki-moon

    Secretary-General, United Nations
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    Jin-Yong Cai

    Executive Vice President and CEO, IFC
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    Ajay Banga

    President and CEO, MasterCard
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    Budi Gunadi Sadikin

    President Director, Bank Mandiri
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    Arundhati Bhattacharya

    Chairperson, State Bank of India
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    Christopher Elias

    President, Global Development Programs, Gates Foundation
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    Leora Klapper

    Lead Economist, Development Research Group, World Bank
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    Benno Ndulu

    Governor, Central Bank of Tanzania
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    Raghuram Rajan

    Governor, Reserve Bank of India
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    Jaime Caruana

    General Manager, Bank for International Settlements
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    Zain Verjee

    Founder and CEO, Zain Verjee Group
  • An estimated 2 billion adults globally don't use formal financial services. Extending access to finance to them is the first building block to build a better life.
  • More than 50 countries have made headline financial inclusion commitments as of the end of 2014. Many of them are developing National Financial Inclusion Strategies (NFIS) to ensure that resources and actions are put in place to achieve those commitments.
  • The world’s most comprehensive gauge of progress on financial inclusion.
  • At the 2013 World Bank Group-IMF Annual Meetings, WBG President Kim & H.M. Queen Máxima of the Netherlands, UN Secretary-General’s Special Advocate for Inclusive Finance for Development, put forward a vision how to achieve universal financial access and set 2020 as the target date.
Spring Meetings Flagship Event: Universal Financial Access 2020




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