Tuesday, 28 March 2017 00:00

Convergences Myanmar Forum 2017

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On the 10th of March BRAC Myanmar co-hosted a session on financial inclusion during the first edition of the Convergences Myanmar Forum. The theme of the session was ‘How to provide financial services for the poorest and most marginalised people?’ and the audience consisted of representatives from private organisations, NGOs and policy-makers. Lewis Temple, CEO of BRAC UK, presented BRACs ultra-poor graduation model as an illustration to the topic. Thereafter, panellists from Entrepreneurs du Monde, Dawn Myanmar, the Financial Regulatory Department, Wave Money and PGMF together with the audience discussed the challenges of reaching the poorest and how to overcome these. The speakers agreed that microcredit alone is not enough in order to reach the poorest - a more holistic approach is needed. Proposed solutions to overcome the challenges are to focus more on an integrated approach (training, support, skills development), to cooperate with and implement digital financial services and to facilitate information and knowledge sharing. All parties showed a great willingness and commitment throughout the session to cooperate toward a more financial inclusive Myanmar society.

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