The Central Bank of the UAE (CBUAE) has launched the country’s first National Financial Inclusion and Literacy Policy Forum in Abu Dhabi, marking a key milestone toward building a more inclusive and informed financial ecosystem.
The event, attended by senior government officials, regulators, and global financial leaders, set the stage for the rollout of the National Financial Inclusion Strategy and the National Financial Literacy Strategy. These twin initiatives aim to improve access to financial services across all segments of society and empower individuals and businesses through education and innovation.
Held in alignment with the UAE’s sustainable development goals, the forum reinforced the CBUAE’s commitment to strengthening financial inclusion, particularly for underserved groups such as small businesses and the underbanked. Digitalisation and technological solutions will be central to this effort, enabling equal access to financial services nationwide.
A key highlight of the forum was the signing of a partnership agreement between the CBUAE and the World Bank to collaborate on the development of both national strategies. The agreement will ensure alignment with international best practices and enable the exchange of technical expertise.
Fatma Al Jabri, Assistant Governor at the CBUAE, underscored the importance of financial access and awareness in fostering economic stability and social welfare.
Safaa El Tayeb El-Kogali, the World Bank’s Country Director for the GCC, echoed this, noting the role of financial inclusion in driving economic growth, job creation, and entrepreneurship.
By engaging both public and private sectors in its development, the UAE’s new strategies are poised to create a more resilient and inclusive financial future, cementing the nation’s position as a global financial hub.
News Source: Emirates News Agency
