Theme: "Promoting the Integration of People with Disabilities and Vulnerable Groups into the Formal Financial System"
The Council of Governors of Arab Central Banks and Monetary Institutions underscored the importance of advancing financial inclusion across the region, emphasizing that the integration of people with disabilities and vulnerable groups into the formal financial system is fundamental to achieving sustainable economic development and promoting social justice.
The Council noted that access to financial services, including bank accounts and loans, plays a crucial role in improving living standards, supporting the financial independence of targeted groups, and reducing poverty rates. It further highlighted that the inclusion of these segments fosters innovation in the development of financial services and contributes to reinforcing economic stability.
The Council also drew attention to the growing number of initiatives launched by public institutions and the private sector in Arab countries to enhance access to financial services for people with disabilities and vulnerable groups, through the enactment of supportive legislation and the development of tailored financial products.
In this spirit, Arab Financial Inclusion Day 2025 is being observed under the theme "Promoting the Integration of People with Disabilities and Vulnerable Groups into the Formal Financial System," reaffirming the need to adopt enabling policies, launch awareness campaigns, and leverage digital technologies to facilitate broader access to financial services.
International statistics show that less than 10% of people with disabilities in some developing countries have access to basic financial services, with figures ranging between 5% and 20% in low-income countries, compared to 30% to 50% globally. In the Arab region, certain countries have achieved inclusion rates of up to 40%, while others continue to face significant challenges.
Aligned with its new strategy, the Arab Monetary Fund (AMF) continues to support financial inclusion and the development of the Arab financial sector. In close cooperation with Arab central banks, the AMF is working to overcome existing challenges, develop innovative financial solutions, and promote the use of modern technologies to expand the reach of financial services.
On this occasion, H.E. Dr. Fahad M. Alturki, Director General Chairman of the Board of the Arab Monetary Fund, reaffirmed that integrating people with disabilities and vulnerable groups presents a genuine opportunity to foster inclusive economic growth, combat poverty, and enhance financial stability. He emphasized the importance of concerted Arab efforts to facilitate the access of these groups to formal financial services.
H.E. Dr. Alturki also expressed his appreciation for the initiatives undertaken by Arab central banks and financial institutions to mark Arab Financial Inclusion Day, commending their vital role in supporting the region’s broader economic and social development efforts.