Crown Princess Máxima’s Visit to Cairo, Egypt
From November 23 to 25, Princess Máxima was in Cairo, Egypt, under its UN activities in the field of Inclusive Finance.
Princess Máxima spoke in her capacity as United Nations Secretary General’s Special Advocate for Inclusive Finance for Development. The Princess met during her visit with President Mubarak and the Egyptian Women Ministers of Finance, Agriculture and Trade and Industry. She also met with representatives of various banks, microfinance institutions and mobile phone providers.
In the speech, Princess Máxima explained the importance of access to financial services for poverty alleviation and sustainable development and growth. Households and businesses need safe places to save, insurance, payments as well as loans in order to generate income, build assets, manage cash flow and invest in opportunities.
In her speech at the American College to students and guests, Princess Máxima discussed the progress Egypt has made access to financial services and its importance in poverty reduction and development. She stressed the urgency of consumer protection,trasparency and regulation in the sector. Households and businesses need safe places to save, insurance, payments as well as loans in order to generate income, build assets, manage cash flow and invest in opportunities.
Princess Máxima also underscored the importance of building a continuum of access to needed and appropriate financial products from individuals to small and medium enterprises.
Princess Máxima went on field to visit to farmers in the delta region just outside of Cairo to themselves to know what experiences they have in savings safely, obtaining loans or insuring their crops. They also met with employees of banks on the financial service towards the farmers.
Princess Máxima said she is pleased that she will witness the launch of the draft guidelines for the microfinance industry, by the Head of the Egyptian Financial Supervisory Authority Ziad Bahaa El Din, at the AUC event. Princess Máxima held meetings with state and commercial banks to discuss the range of services they offer to farmers, warehouses, merchants and other kinds of small and medium enterprises across the agricultural value chain in Egypt.
This was Princess Máxima’s second visit to Egypt. She previously visited the country in 2008 as a member of the UN Advisors Group on Inclusive Finance Sectors. Princess Maxima in September 2009 was appointed special advocate of the Secretary-General of the United Nations, Ban Ki-moon. Princess Máxima recommends this function Ban Ki-moon on access to financial services worldwide and is also committed to financial services accessible to all. This contributes to the development of especially the low income groups and the SME sector. Globally 2.7 billion people and millions of businesses do not use financial services as loans, bank and savings accounts and insurance.Filed under The Netherlands
Tagged Egypt, Inclusive Finance, Official Visit, President Mubarak of Egypt, Queen Máxima of the Netherlands, United Nations.