El Salvador was chosen as the host country to address global financial inclusion issues

The government of President Nayib Bukele generates all the conditions to guarantee legal security and economic stability, as well as development in the country.

Likewise, thanks to the vision of the Head of State, the country is recognized for the implementation of Bitcoin as legal tender and the creation of a state wallet, as innovative initiatives for financial inclusion.

In this context, in El Salvador, the event “Digital Financial Services and Financing of SMEs” is held, which hosts 44 countries attached to the Alliance for Financial Inclusion (AFI, for its acronym in English), which will discuss for four thematic days on financial inclusion, digital economy, bankarization, as well as bitcoin in El Salvador, and other related topics.

El Salvador is excited about the meeting because it will allow them to address issues such as financial inclusion for micro and small businesses, the digital economy, and financing, according to Douglas Rodrguez, President of the Central Reserve Bank.

Rodríguez highlighted the importance of financial inclusion to promote economic growth, reduce poverty and improve the quality of life of the population.

32 central banks and 12 financial entities are part of the meeting, which represents 44 countries, to address issues related to financial inclusion.

Participating delegations include Paraguay, Angola, Ghana, Republic of Guinea, Pakistan, Nigeria, Mongolia, Zambia, among others.

“We are committed to actively strengthening financial inclusion as a powerful tool that allows us to bring financial services and products closer to those vulnerable sectors” — said Rodríguez.

It should be noted that El Salvador has the National Council for Inclusion and Financial Education, a body that consists of 10 government institutions with action plans on inclusion and financial education.