Queen Maxima Attends G20 Conference In Germany
Yesterday, Wednesday January 25, in her role as Special Advocate of the Secretary-General of the United Nations for Inclusive Finance for Development and Honorary President of the Global Partnership for Inclusive Finance “Global Partnership for Financial Inclusion” (GPFI) of the G20, Her Majesty Queen Maxima held the opening speech at the G20 Conference “Digitising Finance, Financial Inclusion and Financial Literacy”.
— BMF (@BMF_Bund) January 25, 2017
The event took place at the Schloss Biebrich Palace in the city of Wiesbaden in central western Germany which was organized by the Deutsche Bundesbank and the Federal Ministry of Finance.
During her speech Queen Maxima stated that thanks to work made by financial partners, the collaborations between countries and the financial institutions such as the SME finance, “financial inclusion has advanced dramatically around the world. Between 2011 and 2014, 700 million more adults gained access to a financial account, this is a 20 percent increase.”
— Vorsten (@VorstenNL) January 25, 2017
Filed under The Netherlands
Despite these positive results, the Queen added that still more than 40% of the world’s adults are escluded from the financial system and most of these people live in in developing countries and in rural areas. To increase the financial inclusion it is important, for Queen Maxima, the role of digital finance that “consists of financial services provided through technology such as mobile phones, cards and the internet.” Queen Maxima in her speech also thanked Germany for its leadership on the financial inclusion agenda and the Deutsche Bundesbank for having organized the conference.
Tagged Germany, Inclusive Finance, Queen Máxima of the Netherlands, Working Visit.