The Dominican Republic has adhered to the We Financial Code for Women Entrepreneurs (WE Financial Code), which commits governments, financial institutions and regulatory bodies to expand access to credit for micro, small and medium-sized enterprises (MSMEs) run by women, with the aim of providing facilities and support to Dominican entrepreneurs.
The signing of the We Financial Code took place within the framework of the world summit of the Financial Alliance for Women, which for the first time is being held in the country and in a Spanish-speaking nation, hosted by Banco BHD.
President Luis Abinader formalized the signing of the agreement in the company of senior government officials and leaders of the national financial ecosystem, including: Víctor Bisonó, Minister of Industry and Commerce; Mayra Jiménez, Minister of Women; Clarissa de la Rocha de Torres, acting governor of the Central Bank; Alejandro Fernández W., Superintendent of Banks; Rosanna Ruíz, president of the Association of Multiple Banks (ABA); Inés Murray, CEO of the Financial Alliance for Women, and Steven Puig, president of Banco BHD.
Also, Rachel Robboy, CRO of IDB Invest; Cristina De Castro, president of the Association of Savings and Credit Banks and Credit Corporations (Abancorp); Manuel Cocco, executive director of the Dominican League of Savings and Loan Associations (Lidaapi); Christopher Paniagua, executive president of Banco Popular, and Fraysis Moronta, senior general manager of Human Capital, Processes, Technology and Operations of Banreservas.
According to Ruiz, the signing of this agreement is evidence of the joint efforts that seek to promote the financial and economic empowerment of women. “It fills us with hope and optimism, as we are absolutely certain that initiatives such as these will change the lives of millions of women who already represent more than half of the world’s population.”
The focus of this year’s summit, which concludes on Thursday, is on formulating and implementing strategies to promote inclusive finance. Alliance members and partners from 35 countries are participating, along with representatives from banks, key players in the fintech sector, insurers, payment services companies, investors, venture capitalists, asset managers, telecommunications corporations, as well as experts and policymakers in the field of development finance.
Source:eldinero.com.do
