The World Bank is investing in improving financial inclusion in the digital era

At the high level International Conference, organized by CBK in Prishtina, with the topic “Risks and Opportunities in a Dynamic Financial Sector – Development Perspective”, respectively in the 3rd session, it was discussed about financial inclusion in the digital era, policy measures to be taken in the regional context to advance the financial inclusion agenda and to maintain financial stability.

Panel members discussed number of issues related to current concerns in the financial sector, ranging from whether the financial sector should be encouraged to be more active in lending to disadvantaged and under-served sectors to achieve a more balanced and comprehensive development.

It was also discussed on the role of the client in increasing financial inclusion, the role that Credit Guarantee Agencies should have in enhancing lending and financial inclusion, etc.

The following panel members were invited to the 3rd session:Linda Van Gelder is the World Bank’s Regional Director for Western Balkans,Peter Kruschel,Director in the International Directorate, Federal Financial Supervisory Authority, BaFin, Arton Celina, Chief Executive Officer, BPB Bank, Helmut Wacket, Head of Division, Innovation and Market Integration from the European Central Bank, Bertram Wieland from Deutsche Bundesbank and Sylvia Wisniwski, Managing Director of Finance in Motion and Investment Adviser at EFSE.

At this session it was discussed about the work of the World Bank to improve financial inclusion in the digital era, measures to be taken in the regional context to advance the financial inclusion agenda while maintaining financial stability.

The panel members also discussed about greater activation of the financial sector in providing access to finance and lending to the disadvantaged and the under-served in order to achieve a more balanced and inclusive growth.

Through questions and answers was also discussed about finding opportunities to benefit from a common infrastructure for online access and identification in order to reduce transaction costs and increase their volume.