The 2019 Asia Pacific Financial Inclusion Forum will be hosted by FDC, the Asian Development Bank Institute (ADBI), the APEC Business Advisory Council (ABAC) and Banking with the Poor (BWTP). Additional support for the Forum is provided by the Inclusive Growth and Development Caucus whose members represent several prominent industry stakeholders including ADBI, Bank Mandiri, Bloomberg, EY, Lanka Impact Investing Network (LIIN), MicroSave and Paypal.
The Forum is a policy initiative under the APEC Finance Ministers’ Process, housed within the APEC Business Advisory Council (ABAC) construct, and entrusted to FDC since the Forum’s inception in 2010. In its 9th year, the 2019 Forum will provide a unique platform for senior government officials and industry experts to gather and engage in a dialogue on current trends, recent achievements, ongoing challenges and opportunities relative to financial inclusion and inclusive economic growth for the APEC economies, and by extension to all economies for whom the issues of financial and economic inclusion are vital priorities.
The primary purpose of the Forum is to identify concrete actions policymakers and regulators can take to address inclusion for the region’s 1.5 -2 billion unbanked and/or financially and economically underserved.
A distinctive feature of the Forum is its broader view of financial inclusion as an enabler of inclusive growth and development in all its manifestations – financial, economic and social - and its strong focus on implementation. Structured as a facilitated dialogue amongst all forum participants, with contributions from development and other industry experts, the Forum provides a platform for all delegates to take an active role in identifying recommendations for policy reform and strengthening and achieving consensus for effective pathways for progress.
As such, the dialogue will emphasize opportunities and put a focus on developing viable action plans needed to progress inclusive growth in the region. As an outcome of the meeting, the specific recommendations developed in the Forum will be distributed through official APEC channels to support the work of the APEC Finance Ministers’ Process and their Financial Inclusion Policy Initiative.