Since yesterday in El Salvador, delegations from 32 central banks and 12 financial authorities from 44 countries have been meeting with authorities and officials from the Central American country at the twenty-fifth Meeting of the Working Group on Digital Financial Services and the eighteenth Meeting of the Working Group on Financing for SMEs.
#FinancialInclusion | The Government of the President @nayibbukelethrough the @bcr_svbrings together delegations from 44 countries today in El Salvador to discuss financial inclusion. pic.twitter.com/vuqGZSEGOv
— Press Secretariat of the Presidency (@SecPrensaSV) May 16, 2022
The event was inaugurated by the Central Reserve Bank and the Alliance for Financial Inclusion AFI, and in it, topics such as financial inclusion, digital economy, banking, and the role or development that Bitcoin has had in El Salvador in recent months will be discussed.
Financial inclusion in El Salvador
One of the main points that will be discussed during the various meetings is that of financial inclusion and the issues aligned with the priorities established in the National Policy of the Government of President Nayib Bukele regarding Financial Inclusion. This is why, in that sense, Douglas Rodriguez, President of the Central Reserve Banktook the opportunity to point out to the different delegations that made an appearance that El Salvador has the National Council for Inclusion and Financial Education, which -according to him- has ten government institutions that share action plans on inclusion and financial education.
#FinancialInclusion | “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”: President of the @bcr_sv, @douglas_rdzf. pic.twitter.com/UIFxJDO1gq
— Press Secretariat of the Presidency (@SecPrensaSV) May 16, 2022
For its part, Miguel Kattan, Secretary of Commerce and Investments, He spoke about the importance of digitalization in financial inclusion and called it a vital issue, since, as he points out, only through services provided in an agile, efficient and secure manner will his country be able to achieve development.
Bitcoin for the nations
According to what was published by Nayib Bukele, the president of the nation, on his Twitter account, the event seeks to share the idea of the benefits of bitcoin for nations, taking as an example the situation that the nation has been experiencing.
In this sense, during the first day, as part of the work meetings, Guadalupe Escobar, Manager of Financial Stability and Public Policies of the Central Reserve Bank, talked about how the implementation of Bitcoin in El Salvador has contributed to boost tourism, and also how the population can now send remittances, transactions and payments at no cost with the government wallet known as Chivo Wallet, from which they also gave demonstrations and explanations of its use to the different visiting delegations.
#FinancialInclusion | As part of the work meetings, the country delegations learn more about the implementation of the #bitcoin in El Salvador and the operation of the @chivowallet. pic.twitter.com/lsZwkC1nxQ
— Press Secretariat of the Presidency (@SecPrensaSV) May 16, 2022
That said, the various meetings and gatherings that started yesterday will be held, according to the Presidency’s Press Secretariat, until Thursday to search for and learn about initiatives that contribute to more salvadorans having access to financial products and services. .
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