MICROCAPITAL BRIEF: World Savings Bank Institute (WSBI) Issues “Open Message” to Promote Access to Finance to Reach United Nation’s Millennium Development Goals (MDGs)

The World Savings Bank Institute (WSBI), an international banking association, has issued an open message promoting access to finance as a means to accelerate progress toward the United Nation’s Millenium Development Goals (MDGs). MDGs, a set of development goals aimed to be achieved by 2015, will be brought under review in September 2010.

In the open message, WSBI argues, “Accessible, secure and adaptable financial services are of the utmost importance for a smoothly functioning economy and for the well-being of a society. As such, access to financial services is vital in meeting the MDGs and for improving the quality of life of the world’s poor.”

The message was jointly signed by organizations including the World Council of Credit Unions (WOCCU), the International Association of Social Finance Organizations (INAISE), Women’s World Banking (WWB), the European Microfinance Platform (e-MFP) and the International Cooperative and Mutual Insurance Federation (ICMIF).

By Stefanie Rubin, Research Associate

About the World Savings Bank Institute (WSBI):

The World Savings Bank Institute (WSBI) is an international banking association that represents savings and retail banks in 92 countries.

Additional Resources:

Source Article: World Savings Bank Institute Press Release: http://www.wsbi.org/template/content.aspx?id=4146

World Savings Bank Institute Open Message: http://www.wsbi.org/uploadedFiles/Announcements/Millenium%20Development%20Goals%20Op%20Ed%20international%20-%20final%20version.pdf

MicroCapital Universe: World Savings Bank Institute (WSBI): https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=World+Savings+Bank+Institute+%28WSBI%29

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