Accordingly, the aim of the workshop is to come up with clear and actionable strategies for promoting financial inclusion. The microfinance sector plays a very important role in economic development. This has been proven in both the developing and developed countries of the world. We have seen it necessary to pick up the momentum in this particular area of economic development.
For this reason, the RBF has become more involved rather than just playing a promotional role. To express our commitment, we established a new Department at the Bank called the Financial Systems Development and Compliance Group. Amongst other responsibilities, the Group will drive the development of microfinance and other financial inclusion initiatives to reach the poor and vulnerable in society.