[Economics] Ecuador, headquarters of the regional training on Resilient and Inclusive Corporate Governance with a gender perspective

[Noticias ALEJANDRO]

 

Between now and tomorrow, Ecuador will host the regional training on “Resilient and Inclusive Corporate Governance towards a gender approach”, organized by the Alliance for Financial Inclusion (AFI), the Superintendency of Banks of Ecuador and Asobanca. The objective of the event is, through public-private dialogue, to reach agreements between public policy makers and financial sector actors on the importance of taking actions from corporate governance to promote inclusive financial systems with a gender perspective.

Within the opening ceremony, complex gender indicators in finance were exhibited. Thus, according to the 2017 Global Findex report, in the world, 1.7 billion adults do not have an account, of which 56% are women.

Meanwhile, 72% of men have an account, women only reach 65%. That 7 percentage point gender gap also existed in 2014.

Additionally, a recent study of gender gaps referring to CAF's financial capabilities reveals that only 30% of women in Ecuador claim to make financial decisions independently. Three out of every 5 women do not have enough income to cover their expenses for the month and there is a gap of 2% between men and women regarding having a savings account.

In the opening remarks Alfred Hannig, executive director of AFI, highlighted the progress made by the Superintendency of Banks of Ecuador, which in turn holds the vice-presidency of AFI's Financial Inclusion Initiative for Latin America (Filac), and invited participants to take advantage of this space for the exhibition of ideas, dialogue and experiences to promote female leadership in the financial sector in accordance with the best international practices.

The Superintendent of Banks, Ruth Arregui, for her part, pointed out the concrete actions to promote and strengthen financial inclusion developed since her 2019 strategic planning, and announced the signing of the Maya Declaration, which is a commitment to Inclusion. Financial that will be held at the Government Palace, at 6:00 p.m., between AFI and the SB, in which the President of the Republic, Guillermo Lasso Mendoza, will participate as an Honorary Witness.

Meanwhile, the vice president of Asobanca, Marco Rodríguez, made reference to the vocation of the private financial system to bring banking services closer to its clients, when talking about digitization and financial inclusion, citing the Financial Services Bulletin, published in July of 2021, with data to April 2021, which shows that the number of debit cards was 8.7 million, with an annual increase of 9.5% (757,000 cards). Of the total debit cards, 6.4 million transactions were registered, which represented an annual growth of 132.8%, that is, 3.7 million additional transactions.

 

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