Move underway to develop financial inclusion network

Rezaul Karim | Published: September 12, 2017 10:29:29 | Updated: October 25, 2017 05:25:53


A move is under way to organise a platform styled Financial Inclusion Network-Bangladesh (FIN-B) for developing, sharing and disseminating knowledge and expertise in financial inclusion.

 

Its main objective will be leveraging expertise in advancing financial inclusion as a key instrument for poverty reduction, inclusive growth and development, officials said.

 

It is expected to be developed as a unique platform to bring together all the financial sector stakeholders, including banks, microfinance institutions (MFIs), non-government organisations (NGOs), financial institutions and, local government and grassroots organisations for sharing ideas and best practices from home and abroad.

 

The proposed FIN-B is set to be guided and supervised by a steering committee (SC) which will consist of 12 members. Chairman, the Institute for Inclusive Finance and Development (InM), will be the chairman of the SC. Besides, representatives from different state agencies and Dhaka University will be included into the SC.

 

Besides, the network will promote both institutional and financial collaboration amongst its members and organisations working in the development sectors like finance and development and in areas of research, training, education, knowledge management and public policy.

 

InM has taken the initiative to stimulate exchanges, develop collaboration and promote the network to its members, a senior official of InM said.

 

Bangladesh is a pioneer in financial inclusion supported by active leadership of central bank, ongoing reforms in banking and financial sector, rich heritage in microfinance and recent strides for building "Digital Bangladesh" and rapid gains in expanding mobile financial services, according an InM document.

 

rezamumu@gmail.com

 

Share if you like