In Europe, FMBBVA stresses the role of the banking sector in achieving global sustainable development
Over 6,000 people attended the largest event about cooperation and development in Europe. Organized annually by the European Commission in Brussels, this year’s European Development Days were held on June 15 and 16. With the active participation of BBVA Microfinance Foundation (FMBBVA), the main topic of the event was the 2030 Agenda for Sustainable Development.
So as to promote in-depth discussion about all of its aspects, exchange ideas and offer innovative solutions to challenges, 123 sessions took place, including high-level panels, discussions, brainstorming, etc. This initiative attracted prominent figures from around the world, including the UN Secretary General, Presidents and Prime Ministers, ministers, European Commissioners, CEOs of private companies, etc. FMBBVA took part in this globally relevant event with the support of BBVA’s European Public Affairs unit.
FMBBVA was one of the panelists at “Digital Technologies, contribution to the Sustainable Development Goals” and represented an example of the private sector’s contribution to the United Nations Sustainable Development Goals (SDGs). The Chair of the Board of Trustees, Claudio González-Vega, explained during this session how technological innovation and development improve access to financial services for vulnerable populations. To illustrate his point, he mentioned the Foundation’s pilot program in Peru whereby more than 1,000 employees use mobile devices to take the branch to the homes or companies of its customers and, as such, reduce transaction costs. This makes it possible to adopt new digital tools and strengthen direct contact and the relationship with customers.
FMBBVA also organized a brainstorming session entitled “Technology & innovation in financial inclusion for sustainable development – Making a positive impact on the lives of the poor”, which was moderated by Claudio González-Vega. Innovative ideas and solutions were discussed on how to adapt digital technologies and improve access to and use of financial services aimed at vulnerable people. Also, recommendations were drawn up for policies and international cooperation with the aim of creating a more suitable and secure environment during the digitalization process.
Additionally, the Foundation took this opportunity to present its 2015 Performance Report: Measuring what really matters. The Foundation’s work was the protagonist of this session. Attended by countless institutional representatives, the progress of the more than 1.7 million vulnerable entrepreneurs FMBBVA helps in Latin America was analyzed. Their progress has been possible with the Foundation’s support, the implementation of responsible and productive financial services and the training provided to entrepreneurs.