Arab Today, arab today 28m benefit from agfund’s ebdaa bank
Last Updated : GMT 01:17:20
Arab Today, arab today
Arab Today, arab today

2.8m benefit from AGFUND’s Ebdaa Bank

Arab Today, arab today

Arab Today, arab today 2.8m benefit from AGFUND’s Ebdaa Bank

Prince Talal bin Abdul Aziz, AGFUND president
Riyadh - Arab Today

Around 2.8 million owners of microbusinesses in rural areas have benefitted from projects of the Ebdaa Bank set up and promoted by the Riyadh-based Arab Gulf Program for Development (AGFUND) in nine countries: Jordan, Yemen, Bahrain, Syria, Sierra Leone, Lebanon, Sudan, Palestine and Mauritania.
This was announced by Prince Abdulaziz bin Talal bin Abdulaziz at 18th Microfinance Summit which concluded in Abu Dhabi on March 17.
“Our broader strategy, values and policies, here at AGFUND, focus on equality between all communities, and providing the marginalized keys to financial independence. This is the reason why we believe that financial inclusion is a social and economic priority. Consequently, we ask all governments to apply this principle moving forward,” said the prince who represented his father, Prince Talal bin Abdulaziz, the founder and president of AGFUND, at the opening ceremony.
The summit, jointly organized by AGFUND, the Abu Dhabi-based Khalifa Fund for Enterprise Development, and the Microcredit Summit Campaign, was held to explore how new and effective financial policies can contribute to create linkages among key influencers in the Global Access 2020 goals, the World Bank 2030 goals, and the UN Global Goals.
Around 1,800 participants from top local and international finance, economic and charitable work, and experts from all over the world attended the three-day summit.
The summit recommended benefitting from digital technology to set up low-cost national payment systems, accessible by everyone, that allow specialized financial institutions to offer financial services to micro-, small- and medium-size businesses.
Also it recommended laws and offering incentives to encourage banks and financial institutions to adapt clear strategies, plans and policies to increase the share of these kinds of businesses in their lending portfolios, and expand financial awareness and education that enable people to use financial products in ways that can improve their lives and help them build their assets.
On behalf of Prince Talal, Prince Abdulaziz concluded the event by distributing the $500,000 AGFUND International Prize to four winners.
The first winner was the women’s housing project in Nepal commissioned by Habitat for Humanity International which received a $200,000 award. The three other winners were the heritage preservation project by Sunbola Association in Palestine; the Khatwa (Step) for Domestic Projects Initiative by the Ministry of Social Development in Bahrain and the marketing artisans and productive families project in Saudi Arabia by Princess Nora bint Muhammad.
Source: Arab News

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today 28m benefit from agfund’s ebdaa bank Arab Today, arab today 28m benefit from agfund’s ebdaa bank

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures

GMT 20:59 2017 Friday ,24 February

Borse Dubai and Nasdaq sign market technology deal

GMT 04:21 2017 Friday ,24 February

Sharjah Ruler inspects key projects in Khor Fakkan

GMT 17:20 2017 Thursday ,23 February

Damietta port receives 8 ships

GMT 16:16 2017 Thursday ,23 February

BIBF holds fin-tech seminar

GMT 14:02 2017 Thursday ,23 February

Two lanes to be closed near Alba roundabout
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday