Two weeks after her appointment as the UN Advocate for Inclusive Finances for Development, Crown Princess Maxima spoke at a special event ahead of the International Monetary Fund and World Bank Meeting in Istanbul Monday. 
The IMF managing director Dominique Strauss-Kahn and Maxima launched a Dutch-funded project in Istanbul, which is a global project aimed at collecting data on access to financial services in a bid to help policies aimed at reducing poverty.
In her speech, the Crown Princess explained how the project intends to help the 2 billion people worldwide who do not have access to finances.
“It is clear that national strategies and visions need to be developed,” Maxima said. “These strategies need the engagement of governments, the country’s regulators and supervisors, financial institutions (including NGO’s) and even telecom providers or retailers. All of these should work together to increase access to financial services.”
“The innovations in the field of financial inclusion are enormous,” she continued. “Technologies like smart cards, ATMs, and mobile banking hold the promise of both greatly expanding financial access and slashing costs for providers – making it possible to reach communities once thought infeasible.
“Also, new savings and insurance products are being piloted around the world, and having appropriate regulations is essential in taking them to scale.”
Maxima went on to talk about how the project helps to identify knowledge gaps and priorities for policy, monitors the effectiveness of policies over time, and finally provide a platform for researchers to better understand the causes and implications of financial access.
“While the IMF’s commitment is truly a breakthrough, it is also just a beginning,” the Crown Princess said. “Going forward, additional support is necessary. We need a continued push in the form of high-level commitment from governments and donors to complement this important effort with bottom-up data that will help unlock valuable information about financial services at the individual and household level.”
At the end of her speech, Maxima thanked the audience for their attention, but most importantly thanked the IMF for coming up with the initiative.








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