Cultivating Savings to Promote Financial Inclusion
Launch of the National Savings Day in Indonesia - Celebration of World Savings Day - Exchange on International Financial Inclusion Experience
OCTOBER 31, 2016 JAKARTA CONVENTION CENTER, INDONESIA HOTEL MULIA
About 90 years ago, one of the largest savings banks in Italy at that time gathered 354 delegates representing approximately 7,000 branches of savings banks from 27 different countries on the occasion of its centennial anniversary. And it was at this congress that the creation of a permanent International Savings Banks Institute (ISBI, precursor of WSBI) and the World Savings Day were born.
Since its creation, the World Savings Day honours the virture of savings as a prerequisite for financial stability and economic growth and recognizes the importance of savings banks in their role as promoters and facilitators of savings. It has been celebrated annually by WSBI members in some countries such as Austria, India, Germany, Kenya, Mexico, Sri Lanka, etc for decades. WSBI has been promoting the World Savings Day among its membership in particular in countries where there is no national savings day.
The Indonesian Government has put financial inclusion high on the its policy agenda and believes that access to finance is vital for poverty alleviation and social harmony. The ability to save and invest is an important component of poverty reduction and selfempowerment. The Country would like to announce the launch of the World Savings Day to cultivate the habits of savings with the formal sector for its people.
On this occasion, financial institutions in Indonesia including WSBI member P.T. Bank Tabungan Negara (BTN) would also like to take the opportunity to learn financial inclusion policy initiatives beyond Indonesia and innovative cases and business models that exemplify how developing of digital payment systems and payment instruments promote and advance financial inclusion, as evidence shows that the poor starts the relationship with formal financial sector by payment transactions.
>> To register, please fill out the attendance form and send it to Ms. Tania Lemos