The Financial Inclusion Network-Bangladesh (FIN-B) was launched in Dhaka on Thursday to develop, share and disseminate knowledge and expertise in financial inclusion through exchanges, collaboration and knowledge partnership in inclusive finance.
Inclusive Finance and Development (InM) launched the umbrella organization at the PKSF Auditorium in Dhaka on Thursday.
Financial services for everyone, especially small and medium enterprises should be increased to eliminate poverty disparities from our society. Financial inclusion is a big platform for this, Atiur Rahman, former governor of Bangladesh Bank said at the inauguration.
“This is likely to emerge as a unique platform to bring together all financial sector stakeholders including banks, MFIs, NGOs, financial institutions, local government and grassroots organizations for sharing ideas and best practices from home and abroad,” he said.
Speaking as the chief guest, State Minister for Finance MA Mannan emphasized on coming forward to government and private sectors in the activities of FIN-B for the social welfare of poor and disadvantaged people.
“We are happy to take such initiatives. We should work together to remove poverty disparity. Once Bangladesh was a low investment country. Now it is a middle income country. The world looks at our development and is inspired by the hard work of our people,” he added.
Atiur, who is also a professor of department of development studies of Dhaka University, said: “We have to stress on the digital financial inclusion system. The current system is not enough in removing financial discrimination quickly from our country.”
He also said the formation of such a network would play an important role in achieving sustainable development goals. It will bring a positive change in the financial sector and its development.
Dr Aitur added that he hoped FIN-B will accelerate the financial sector’s achievements and ensure balanced distribution of development. Its main aims should be to leverage expertise in advancing financial inclusion as a key instrument for poverty reduction and inclusive growth and development.
“If we can increase mobile financial services (MFS) outside the country, our remittance will be increased. However, if we took financial inclusion earlier, we would never have faced financial instability,” he added.
The session was chaired by Dr Qazi Kholiquzzaman Ahmad, chairman, InM. Dr Atiur presented the keynote paper. Dr Mustafa K Mujeri, executive director, InM briefed about FIN-B in his welcome note.