Short statement of H. M. Queen Máxima
at the symposium
"Financial Inclusion Forum. Leaving
No One Behind"
12 June 2019, Kiev, Ukraine
extend my compliments to the organizers for setting up this important event,
and to the National Bank of Ukraine for making financial inclusion a national
priority. And thank you to everyone for joining this symposium—it’s excellent
to see so many experts from Ukraine and abroad come together to share their
views and experiences.
in this room is aware of the importance of an inclusive financial system to
reduce poverty and enable sustainable development. In fact, it is so important,
that financial inclusion positively affects seven of the 17 UN Sustainable
need to be able to access and responsibly use a broad range of tools such as savings,
credit, insurance, and payments. This is particularly true for hard-to-reach
groups like the poor, women, and the rural.
has been accomplished in recent years. As of last year, 3.8 billion people had
access to formal financial services. That represents nearly 70% of all adults
and is an increase from 50% in 2011. In Ukraine, the percentage of financially
included adults between 2011 and 2018 increased from 21% to 63%. Still, 14.1
million adult Ukrainians remain excluded from formal financial services.
usage is the key step from access to development impact—and it represents one
of the main challenges we face. This significant challenge calls for a powerful
and coordinated approach to resolve. The key prerequisites for success include
cybersecurity, digital ID systems, financial and digital literacy, data
privacy, and connectivity to all segments of the population. It also creates an
a global level, we have witnessed policy makers and the private sector
contribute to rapid progress by harnessing the power of digital technology and
finding solutions together. I encourage all stakeholders—both from the public
and private sectors—to collaborate as each of us search for ways to fuel
economic growth in Ukraine and abroad, as well as to improve the financial
lives of everyone.
wish you all fruitful and inspiring discussions throughout this symposium.