ColombiaOne.comColombia newsQueen of the Netherlands to Visit Colombia to Promote Inclusive Finance

Queen of the Netherlands to Visit Colombia to Promote Inclusive Finance


Queen Netherlands Colombia
Queen of the Netherlands to visit Colombia to promote inclusive finance – Credit: UN Development Program

Queen Maxima of the Netherlands will visit Colombia for four days next week to promote inclusive finance. The Argentinian wife of King William is special advisor to the United Nations Secretary General on Financial Inclusion for Development (UNSGSA), which is why she travels the world to support initiatives in this regard. Her visit to Colombia will be aimed at supporting the country’s economic integration. Beginning her journey in Medellin on Sunday, February 25, she will meet with key players in the promotion of financial inclusion and explore various community initiatives.

In addition, she will hold a meeting with representatives of the financial institution Bancolombia to discuss the optimization of financial services. This trip underscores the international commitment to economic inclusion and equitable access to financial services. The presence of Queen Maxima highlights the importance of encouraging the participation of all sectors of society in sustainable economic development.

This will be the second visit to Colombia of the Dutch Queen, after the meeting she held in 2014, with the same purpose as now, representing the UNSGSA.

Democratizing finance

Queen Maxima’s efforts are focused on providing a significant boost to Colombia’s efforts to strengthen its financial infrastructure and promote the inclusion of marginalized groups in the national economy. It is a testament to the overall commitment to ensure that all people, regardless of their origin or status, have the opportunity to participate fully in the economic life of the country.

“The visit (…) aims to support efforts to increase financial inclusion and strengthen financial health across the country, with an emphasis on traditionally under-served groups such as the poor, women, smallholder farmers, small businesses and rural populations,” UNSGSA said in a statement.

Following her work in Medellin, Queen Maxima will travel to Bogota on Tuesday, February 27, where she will meet with Colombian President Gustavo Petro and Vice President Francia Marquez. She will also hold meetings with various government officials, including the Minister of Finance, Ricardo Bonilla; the General Manager of Bank of the Republic, Leonardo Villar; the Financial Superintendent, Cesar Ferrari, as well as representatives of the private sector.

The visit will culminate on Wednesday, February 28, where the Queen will deliver the keynote address at the “Payments for Financial Inclusion” technology conference, participating in a closed-door discussion with representatives of the country’s financial community.

“Colombia has made admirable progress in financial inclusion: the number of adults with a bank account has increased from 39% in 2011 to 60% in 2021, according to the World Bank’s Global Findex,” highlighted the UNSGSA. However, “notable gaps remain in the country, especially a gender disparity in account ownership: 64 % of men compared to 56 % of women in 2021,” the international organization points out.

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