[PRNewswire] Boao Forum for Asia Launched Asian Index of Financial Inclusion

핀하기 페이스북 트위터 카카오스토리 블로그 링크 복사 링크 복사

입력 2020-07-16 13:37  

[PRNewswire] Boao Forum for Asia Launched Asian Index of Financial Inclusion

[PRNewswire] Boao Forum for Asia Launched Asian Index of Financial Inclusion
Ecosystem (AIFIE)

(BEIJING, July 16, 2020 PRNewswire=연합뉴스) The sudden outbreak of the COVID-19 at the beginning of this year has taken unprecedented tolls on people's lives and global economy. The prolonged interruption in consumption and production has resulted in severe economic contraction and massive job losses worldwide, and the social inequality has further aggravated the social conflict. To face the challenges brought by the worst recession since World War II, many Asian countries have attached increasing importance to the role of financial inclusion in serving the real economy, supporting micro-, small & medium enterprises (MSMEs), creating jobs, reducing poverty, protecting vulnerable groups and alleviating social contradictions. In recent years, the development of financial inclusion in Asia has reached or surpassed the average world level.

The term "financial inclusion" or "inclusive finance" was first proposed by the United Nations in 2005 "International Year of Microcredit", referring to a state in which all people with financial needs have access to a full suite of quality financial services, provided at affordable prices, in a convenient manner, and with dignity for the clients. The concept has since attracted widespread attention from organizations and countries around the world and hence been continuously developed and refined.

In the past, traditional financial inclusion services mainly focused on availability and cost of credits obtained by MSMEs and households. But now, thanks to the rapid adoption of digital technology, digital financial inclusion not only greatly extends the service radius of financial businesses, but also broadens the categories of the services to a much larger extent, from account opening, payments, deposits, wealth management to loans, insurance and even commodity futures trading. The basic and upgraded financial needs are all covered, and can almost be executed through mobile phones while staying at home. Amidst social distancing caused by the Pandemic, digital financial inclusion has demonstrated strong advantages. It is expected that, after the pandemic, clients will be more adapted to contact-free financial services, and their digitization will be further accelerated.

To further promote the development of financial inclusion in Asia, the Boao Forum for Asia (BFA) and the Asian Financial Cooperation Association (AFCA) jointly held the "Roundtable on Ecosystem Building and Digital Development of Financial Inclusion in Asia" and launched the BFA flagship report "Asian Financial Development Report on Financial Inclusion" on July2 in Beijing, with support of Institute of Digital Finance (IDF) of Peking University. This report reviews the developmental experiences of financial inclusion in Asian countries and introduces "Asian Index of Financial Inclusion Ecosystem (AIFIE)" for the first time. The index is compiled with data from the World Bank and the World Economic Forum, and it objectively evaluates the comprehensive situation of the financial inclusion ecosystem in 27 Sample Asian countries from the 6 perspectives of "Business Environment and Government Efficiency", "Economic and Financial Environment", "Access to credit", "Digital Infrastructure", "Financial Consumer Literacy", "Current Development of Inclusive Finance". According to the overall index, high performers based on the index include Singapore, South Korea, the United Arab Emirates, Israel, Japan, Malaysia, China, Thailand, Bahrain, and Kazakhstan, etc.

The report also shares the experience and practical cases of Asian countries in developing financial inclusion, such as China's efforts in national strategy, monetary credit supply, fiscal and tax policies, governance framework and institutional capacity; Cambodia's achievements in constructing the credit registration system; Mongolia and South Korea's efforts in promoting financial literacy, insurance awareness, and protection of the people; Japan is a three-dimension policy financing supply system formed by the Japan Finance Corporation (JFC), the Credit Guarantee Corporation (CGC), and the Shoko Chukin Bank; Cambodia CBC Credit Information System; India UPI Electronic Payment System; China Utilizing Moveable Assets in SMEs Financing, etc.

BFA Vice Chairman Mr. ZHOU Xiaochuan, Nobel Prize Winner Professor Muhammad Yunus and other important representatives from the industry and academia attended the event.

Full report download:
English: http://english.boaoforum.org/u/cms/www2/202007/02204130ly0a.pdf
Chinese: http://www.boaoforum.org/u/cms/www/202007/0220425444v5.pdf

The Boao Forum for Asia is a non-government and non-profit international organization jointly initiated by 29 countries. It is committed to promoting regional cooperation in Asia and pooling positive energy for the development of Asia and the world.

Source: Boao Forum for Asia

[편집자 주] 본고는 자료 제공사에서 제공한 것으로, 연합뉴스는 내용에 대해 어떠한 편집도 하지 않았음을 밝혀 드립니다.

<저작권자(c) 연합뉴스, 무단 전재-재배포 금지>
    핀하기 페이스북 트위터 카카오스토리 블로그 링크 복사 링크 복사


      이 기사와 함께 많이 본 뉴스

      인기 갤러리

      • 마이핀
      • 와우캐시
      • 고객센터
      • 페이스 북
      • 유튜브
      • 카카오페이지



      와우넷에서 실제 현금과
      동일하게 사용되는 사이버머니
      서비스 상품
      월정액 서비스
      GOLD 한국경제 TV 실시간 방송
      GOLD PLUS 골드서비스 + VOD 주식강좌
      파트너 방송 파트너방송 + 녹화방송 + 회원전용게시판
      +SMS증권정보 + 골드플러스 서비스


      강연회·행사 더보기

      7일간 등록된 일정이 없습니다.


      7일간 등록된 일정이 없습니다.

      공지사항 더보기