CABEI committed to technological innovation and women's financial inclusion

Tegucigalpa, June 15, 2021.- Opportunities, financing, digitalization, markets and good practices in monitoring women's financial inclusion are some of the proposals that were presented in the webinar's second cycle: "Ecosystem to promote women's financial inclusion", an event promoted by the Central American Bank for Economic Integration (CABEI) and UN Women.

The virtual event was entitled "Digitalization and the opportunity provided by Fintechs for monitoring and implementing product portfolios for the comprehensive financial inclusion of women", based on the fact that Fintechs are a budding industry in which companies use technology to provide financial services in an efficient, agile, convenient and reliable manner; it was held as part of the Women, Local Economy and Territories (MELYT) program.

"It is necessary to facilitate liquidity for women entrepreneurs and businesswomen, as well as to promote access to technologies that improve connectivity in the region for the implementation of digital businesses and the commercialization of their products in regional markets," explained CABEI Executive President Dr. Dante Mossi.

The Bank continues to undertake actions that help strengthen financial inclusion with an emphasis on gender equity, for example with the Regional Business Financing Program for Women FEM, from 2016 to 2020 has disbursed US$28.4 million to improve women's quality of life and increase their participation in the financial system.

CABEI plans to accentuate its role as a development bank in favor of gender equality, increase the amount of financial flows to projects with a gender perspective, contribute to policies to combat climate change and improve dialogue and collaboration with all parties involved in gender issues through innovative financial mechanisms.