
UNEP FI 2009 Global Roundtable
Access to finance - Micro solutions, macro opportunities
Workshop 9 22 October 16.00-17.20
Banking the "unbanked" and insuring the "uninsurable" will be a complex challenge for both the public and private sectors in coming decades. As part of this, "access to finance" is a fundamental brake for many billions of people looking to lift themselves out of poverty. Microfinance, amongst other approaches, is a powerful tool that can extend rights to the same financial services system to everyone, no matter how poor. As the world is recognizing that poverty, environment, and financial systems are complex and interlinked - bankers, investors, fund managers, venture capitalists, and development finance institutions globally are jumping on the bandwagon and investing more in microfinance, and other such innovative mechanisms, empowering people through greater access to financial services. In a world where financial turmoil can leave the vulnerable even more vulnerable, the underlying question is how we can help the poor to develop and maintain productive livelihoods through microfinance and evolving innovative approaches.
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