{"id":645758,"date":"2017-07-30T03:55:22","date_gmt":"2017-07-30T03:55:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/egypt-china-and-mexico-selected-for-wbgs-financial-inclusion-global-initiative\/"},"modified":"2017-07-30T03:55:22","modified_gmt":"2017-07-30T03:55:22","slug":"egypt-china-and-mexico-selected-for-wbgs-financial-inclusion-global-initiative","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/egypt-china-and-mexico-selected-for-wbgs-financial-inclusion-global-initiative\/","title":{"rendered":"Egypt, China, and Mexico selected for WBG\u2019s Financial Inclusion Global Initiative"},"content":{"rendered":"

Egypt selected for World Bank Group\u2019s Financial Inclusion Global Initiative:<\/strong> The World Bank Group tapped Egypt, China, and Mexico for its Financial Inclusion Global Initiative, which the institution has launched in partnership with the International Telecommunication Union , the Committee on Payments and Market Infrastructures, and the Bill & Melinda Gates Foundation, the WBG said in a statement<\/a>. The three-year initiative will use \u201ctwo complementary operational and knowledge work streams\u201d to improve citizens\u2019 access to financial services<\/strong> and also \u201cadvance research and develop policy recommendations in three key areas of digital finance<\/strong>: security of ICT infrastructure and trust in digital financial services; digital IDs for financial services; and acceptance and use of e-payments by micro and small-scale merchants and their customers.\u201d During the three years, the WBG will provide the three countries with technical assistance on financial inclusion, particularly its legal and regulatory aspects.<\/p>\n

The first of three annual symposia to discuss findings, results, and recommendations for the program will be held in India from 29 November to 1 December this year.<\/strong> WBG data suggests that Egypt alone can bring more than 44 mn adults into the formal financial sector through work on financial inclusion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt selected for World Bank Group\u2019s Financial Inclusion Global Initiative: The World Bank Group tapped Egypt, China, and Mexico for its Financial Inclusion Global Initiative, which the institution has launched in partnership with the International Telecommunication Union , the Committee on Payments and Market Infrastructures, and the Bill & Melinda Gates Foundation, the WBG said […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645758","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6dccec66-4a00-49ad-97e7-defc068a8185","order":"0","is_powered_by":true,"section_story_id":"bff3d6ca-fab8-437e-95ea-89c761aac838","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645742],"teaser":"","voice_url":""},"yoast_head":"\nEgypt, China, and Mexico selected for WBG\u2019s Financial Inclusion Global Initiative - 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The center will prepare periodic reports on the state of digital financial inclusion in the Arab world, and coordinate between regulators and\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641234,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/17\/afi-launches-financial-inclusion-in-the-arab-region-initiative-endorses-sharm-el-sheikh-climate-change-accord\/","url_meta":{"origin":645758,"position":1},"title":"AFI launches Financial Inclusion in the Arab Region Initiative, endorses Sharm El Sheikh Climate Change Accord","author":"enterpriseam admin","date":"17 September 2017","format":false,"excerpt":"Chilling (but unsurprising) factoid of the Sharm financial inclusion gathering: Only 29% of adults in the Arab world have access to financial services, against 69% in Asia-Pacific, according to Al Maghrib Abdellatif Jouahri, chairman of the Union of Arab Banks. Just as bad: Only one of every five SMEs is\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/9\/2120.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554134,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/cib-joins-global-banks-in-financial-inclusion-pledge\/","url_meta":{"origin":645758,"position":2},"title":"CIB joins global banks in financial inclusion pledge","author":"enterpriseam admin","date":"21 December 2021","format":false,"excerpt":"CIB signs on to UN financial inclusion initiative: Our friends at CIB are among the founding signatories of a UN-led commitment with 27 other global banks promising to take the lead on financial inclusion, the bank announced in a press release (pdf). Under the Commitment to Financial Health and Inclusion,\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594835,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/09\/cbe-boss-tarek-amer-to-become-chairman-of-alliance-for-financial-inclusion\/","url_meta":{"origin":645758,"position":3},"title":"CBE boss Tarek Amer to become chairman of Alliance for Financial Inclusion","author":"enterpriseam admin","date":"9 September 2019","format":false,"excerpt":"MOVES- Central Bank of Egypt Governor Tarek Amer will on Tuesday assume the chairmanship of the Alliance for Financial Inclusion\u2019s (AFI) board of directors, MENA reported. 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