Financial Access Initiative - Press Releases

SINGAPORE HOSTS INTERNATIONAL SUMMIT ON FINANCIAL INCLUSION

This inaugural global symposium on "Savings, Assets and Financial Inclusion" has attracted senior-level policy makers, NGO leaders, scholars, corporate executives and donors from 17 countries. The Citi Foundation is the lead sponsor and organizer of the event in partnership with the Center for Social Development from Washington University in St. Louis, the New America Foundation, the Financial Access Initiative from New York University, the National University of Singapore, the F.B. Heron Foundation and the Levis Strauss Foundation.

Experts agree that one of the critical gaps in the ability of poor households to acquire wealth is the dearth of the right type of financial services - low cost credit, safe ways to save, efficient means to move their cash, emergency relief and the availability of long-term products that can be used for their later years.

The three-day symposium will examine international best practices and success stories in asset building, including how Singapore has fostered ground-breaking initiatives such as the Central Provident Fund system.

Download full PDF version of the Press Release

To reach Christina Barrineau, call 212.998.7536 or
email christina.barrineau@financialaccess.org