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«Arab banks» recommends the strengthening of partnership between the government and the private sector

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«Arab banks» recommends the strengthening of partnership between the government and the private sector

Post by claud39 on Mon Dec 10, 2018 7:14 am


«Arab banks» recommends the strengthening of partnership between the government and the private sector


The Arab Banks Conference recommended mobilizing all available resources to promote real partnership between government institutions, the private sector, local communities, banking sectors, universities and scientific research centers, and developing specialized national programs aimed at stimulating innovation and economic empowerment for Arab entrepreneurs. This came at the annual Arab banking conference of the Union of Arab Banks held in Lebanon.
Participants urged the need for new investment towards sustainable infrastructure that helps Arab cities and capitals to adapt to climate change and activate the role of the financial sector through concerted efforts among governments, central banks and banks to enhance financial inclusion by supporting, developing and adopting FinTech technology innovations to facilitate access to all Especially poor segments of society, small and medium-sized enterprises and micro-financial channels. And the provision of so-called "sustainable financing" through which environmental issues, climate change and the scarcity of natural resources are integrated into the thinking and practices of banks and financial institutions.
He called for the participation of the private sector in supporting and implementing infrastructure projects that have been provided by the public sector alone, such as hospitals, schools, roads, bridges, tunnels, water, electricity and sewage. Arab governments have adopted a serious approach to becoming a digital society, encouraging and encouraging the use of modern means of electronic payment, achieving financial inclusion and supporting financial institutions in adopting the best programs and experiences that have proven successful and effective in the economic empowerment of youth and women.
Participants highlighted the importance of financing and developing economic infrastructure and expanding and developing existing financial services such as investment capital funds, angel financing and collective finance, as well as developing financing mechanisms compatible with Islamic finance. Stimulating and unleashing innovation and creativity among young people through the development and modernization of education curricula, and the promotion of investment, cooperation and partnerships between entrepreneurs to achieve economic growth. 
Abdulrahman Abdullah Al-Humaidi was awarded the "Vision Leadership" Award and Abdullah Al-Saudi was awarded the "Arab Banking Personality Award".

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