Sir Fazle Abed -top 70 alumni networks & 5 scots curious about hi-trust hi-tech
How can we protect the poorest from debilitating shocks, such as unforeseen illness or crop failure? ★ New York East, Third Floor
Living on less than two dollars a day, 2.7 billion people are barely able to make ends meet on a daily basis. When the crop fails that year, when a family member falls sick and needs hospitalization or medicine, or when a hurricane destroys the family home, there rarely is any safety net provided by the government to address these unforeseen challenges. When extended family cannot provide assistance, the result can be a level of indebtedness that drives the family into extreme poverty. Putting in place preventative measures to mitigate the impact of shocks is essential to providing hope and lifting individuals and communities out of the poverty cycle.
Great strides have been made to improve the health, education, and social welfare of young people around the world. Ensuring that these efforts result in long-term improvements in opportunity and economic well-being demands an increased emphasis on financial inclusion. Improving financial literacy and increasing financial access will empower young people to make fiscally responsible choices and expand their financial assets and capability. This session will place special emphasis on financial inclusion for young women and will serve as a launching pad for ongoing collaboration and commitment development around this topic.