El Salvador is making waves on the global stage as a leader in financial inclusion and technological innovation, highlighted at the Global Policy Forum 2024. This prestigious event, hosted by the Central Reserve Bank (BCR) and the Alliance for Financial Inclusion (AFI), convenes representatives from over 90 countries to discuss and shape the future of financial inclusion through technological advancements.
Under the banner «Innovation for an Inclusive World,» the forum has emerged as the premier global platform for addressing financial inclusion. Attendees include central bank governors, finance ministers, regulators, international organizations, tech firms, mobile operators, payment platforms, and experts from across the financial ecosystem.
In his keynote address, BCR President Douglas Rodríguez outlined El Salvador’s significant strides in financial inclusion. He highlighted the establishment of key institutions such as the National Council for Financial Inclusion and Education (CNIEF) and the Office of Financial Innovation (OIF). Rodríguez also emphasized the introduction of critical policies and initiatives, including the National Policy for Financial Inclusion, the National Strategy for Financial Education, and the National Fintech Strategy.
A key highlight was the Transfer365 interbank payment system, which, through its various modalities such as Transfer365 Mobile and Transfer365 Business, is enhancing accessibility to financial services for Salvadorans. «We have made considerable progress and are proud to lead the region in financial inclusion,» Rodríguez stated. «Our commitment to innovation in every project is essential for bridging financial gaps.»
Alfred Hannig, Executive Director of AFI, commended El Salvador’s achievements, noting the forum’s role in reinforcing the mission of inclusivity. «This forum is crucial for advancing the vision of AFI,» Hannig remarked. «The progress in El Salvador is remarkable, not just in security but in the country’s spirit of innovation and development.»
The Global Policy Forum 2024 underscores El Salvador’s role as a regional benchmark, showcasing its advancements and setting a global example in the pursuit of financial inclusion and technological innovation.