FOR IMMEDIATE RELEASE:
Contact: Karen Miller, +1 212 556 3149 or klm@womensworldbanking.org
SINGAPORE—International NGO Girls’s World Banking at this time introduced the launch of their Southeast Asia Advisory Council, a gaggle of 13 high-profile leaders with the widespread objective of advancing girls’s monetary inclusion all through the area. Her Excellency Sri Mulyani Indrawati, Minister of Finance of the Republic of Indonesia, will function Honorary Chair of the Council.
“Based on the World Financial institution’s newest knowledge, almost a 3rd of ladies in Southeast Asia lack entry to a checking account. As among the most distinguished non-public and public sector leaders in Southeast Asia, this group just isn’t prepared to face by whereas girls are frequently disregarded of the formal economic system,” mentioned Mary Ellen Iskenderian, President and CEO of Girls’s World Banking. “We’re thrilled to convene this distinguished group to hitch our mission to ship probably the most sustainable and modern approaches to reaching girls’s monetary inclusion.”
The Advisory Council, made doable with funding from the Division of International Affairs and Commerce of Australia (DFAT), represents the banking, expertise, authorities and client items industries. The group will develop a sturdy, actionable technique for influencing key stakeholders all through the area who’re greatest positioned to advance girls’s monetary inclusion.
“We’re united within the mission to deliver girls into the formal monetary sector, recognizing that that is the important thing to economically empowering girls,” mentioned Honorary Chair Her Excellency Sri Mulyani Indrawati. “I’ve seen firsthand how entry to finance generally is a key driver for enhancing girls’s lives—from rising their companies to saving for his or her futures to strengthening their resilience. I look ahead to working with my distinguished Council colleagues to advocate for these girls.”
Becoming a member of Her Excellency Sri Mulyani Indrawati on the Advisory Council are:
Mr. Taimur Baig, Managing Director and Chief Economist, DBS Financial institution, Singapore
Her Excellency Serey Chea, Director Common, Nationwide Financial institution of Cambodia
Mr. Jojo Malolos, CEO, WING, Cambodia
Ms. Nurhaida, Vice Chairman, Monetary Providers Authority (OJK), Indonesia
Ms. Cherie Nursalim, Vice Chairman, GITI Group, Indonesia
Ms. Lotte Schou-Zibell, Finance Sector Chief, Asian Improvement Financial institution, Philippines
Mr. Sze Tian-Poh, Private Care Lead, Southeast Asia and Australasia, Unilever
Ms. Sri Widowati, Head of Fb, Indonesia
Dr. Jaime Aristotle Alip, Founder and Chairman, CARD Financial institution, Philippines
Ms. Shuyin Tang, Associate, Patamar Capital, Vietnam
Mr. Nestor Espenilla, Jr., Governor of the Bankgo Central of the Philippines
“The caliber of the Council members is a testomony to the significance all of us place on correcting the persistent gender inequalities within the monetary system”, mentioned Amy Haddad, DFAT’s Principal Gender Specialist. “Australia is pleased with our sturdy longstanding relationship with Girls’s World Banking and excited that we are actually working collectively in Australia’s neighborhood, Southeast Asia. The Council’s concentrate on breaking down limitations to girls’s financial participation will assist construct a path for girls’s monetary inclusion and finally, their financial empowerment”.
The Council’s first gathering takes place in Singapore on Could 21, 2018. The members will convene twice a 12 months in Southeast Asia to drive the cross-sector options that can deliver extra girls into Southeast Asia’s formal monetary sector.
With help from DFAT and the Invoice and Melinda Gates Basis, Girls’s World Banking is working all through Southeast Asia to advertise girls’s monetary inclusion. This method features a vary of interventions, from creating digital insurance coverage merchandise in Cambodia to delivering a region-wide Girls in Management Program to advance girls executives within the monetary companies sector. Most just lately the group renewed an MOU with the Secretariat of the Nationwide Council for Monetary Inclusion of Indonesia (Secretariat) to develop the nation’s technique to beat longstanding monetary inclusion limitations for girls.
The Southeast Asia Advisory Council was based mostly on the success of Girls’s World Banking’s Africa Advisory Council, shaped in 2014, which advocates for girls’s monetary inclusion throughout Sub Saharan Africa.
ENDS
Girls’s World Banking is the worldwide chief in girls’s monetary inclusion. Rooted in our deep understanding of the ladies’s market, we sort out monetary inclusion in three interconnected methods: first, by partnering with monetary companies suppliers to develop scalable market-driven options; second, via our gender-lens non-public fairness fund; and, lastly, as a result of various establishments are confirmed to be stronger, we construct institutional capability via management and variety packages. By way of this holistic method and our world attain of 49 establishments in 31 international locations, we speed up financial alternative for low-income girls and progress for monetary service suppliers within the rising markets.
