But before I make my remarks, let me take this opportunity to thank the African Economic Research Consortium (AERC) for their invitation to give the keynote address at this seminar. This is indeed a timely topic as we continue to assess the effects of the global financial crisis and find long term solutions to mitigate and prevent recurrence.
The FCP Act will protect every Juan and Maria making financial transactions — whether it is making deposits to save for their children’s education, taking a loan to grow their businesses, sending money to friends and family, or paying goods online. The Act will benefit us all because we are all financial consumers. 3.