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|Speakers:||Mr. Rolando Zapata Bello, Governor of the State of Yucatán, Mexico|
|Prof. Muhammad Yunus, Founder and Chairman, Yunus Centre, Bangladesh|
|Mr. Ildefonso Guajardo Villarreal, Secretary of Economy, Mexico (expected)|
|Mr. Larry Reed, Director, Microcredit Summit Campaign, USA|
The next generation could be the first one that comes into adulthood living in a world without extreme poverty. We want to look at the overall movement to end extreme poverty, led by international institutions like the World Bank and the United Nations, in the context of overall trends for health, employment and security. We also want to see the role that financial services can play in providing products and services that reach those living in extreme poverty, facilitate their movement out of poverty and help arrest movement back into poverty. Click here to learn more about this plenary.
The next generation of systems, institutions and products will require a new generation of leaders. This new generation will need to understand how to bring together social goals and financial goals, how to listen to their clients, how to use technology in a way that builds social capital, and how to make their governing structures reflect the clients they seek to serve. Click here to learn more about this plenary.
How should we go about building a financial system that reaches the 2.5 billion people who it does not reach today? If we start with the poorest and most remote first, we can develop a system that reaches everyone. Making the financial system work for all requires disruptive thinking that will create new possibilities. Some areas where that thinking is being applied today are in savings groups, agriculture value chains, and services designed for people with disabilities. Click here to learn more about this plenary.
According to the World Bank, 1.2 billion people survive with less than $1.25 a day. New and innovative social protection programs combined with financial services have begun to show great promise in facilitating movement out of poverty. Livelihoods programs employing the Graduation Model developed by BRAC for working with the chronic poor have proven effective in helping very poor households improve incomes and reduce vulnerability to risks and shocks. Meanwhile, Conditional Cash Transfer programs run by governments have proven effective in reaching the resilient poor and providing a level of stability and security which helps families move out of poverty over time. Click here to learn more about this plenary.
Financial markets driven by profits as their primary objective can create great benefit for the poor, but can also exploit the poor. History gives many examples of products that were developed to benefit the poor, but end up being used to exploit them. In markets where providers and buyers have equal power, the principle of caveat emptor (buyer beware) prevails. But in markets like financial services for the poor, the provider has a lot more information and power than the buyer. What regulations and practices need to be established so the market does not use that information and power advantage to exploit those living in poverty? Specifically, what roles do high interest and high profits play in encouraging over indebtedness and crashing markets? What steps can governments, regulators, associations and providers take to encourage the growth of markets that benefit those living in poverty and restrain practices that cause harm or market collapse? Click here to learn more about this plenary.
Friday, September 5, 2014 | 16:00 – 17:30 hrs
|Speakers:||Larry Reed, Director, Microcredit Summit Campaign, USA|
|John Hatch, Founder, Finca, USA|
|Carmen Velasco, Executive Committee Co-chair, Truelift, Peru|
|Muhammad Yunus, Founder and President, The Yunus Centre, Bangladesh|
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