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Responsible Banking

Responsible Banking

Many institutions and world players have spearheaded initiatives that are pursuing a common goal: to emerge from the coronavirus crisis with a sustainable and green recovery. Manifestos, letters, commitments, institutional statements, and calls to action have proliferated as the impacts of the crisis have worsened. Many of these initiatives are supported by the European Union; its leaders have approved a historic agreement to address the deep recession caused by COVID-19. It’s the era of green partnerships, and BBVA is an active participant.

Money isn’t everything; supporting communities, visibility, training, and strategic support are the key pillars of the BBVA Momentum program. This is one of the conclusions coming out of the panel, ‘BBVA Momentum: Support for Social Entrepreneurs,’ organized by The Next Web in collaboration with the Financial Times, and in which BBVA’s social entrepreneurship support initiative has been featured for best practices. María Erquiaga, global head of BBVA Momentum and Arancha Martínez, founder of Itwillbe.org and participant in the 2017 Momentum program, shared an online platform to stress the growing importance of sustainability in entrepreneurial ventures and the value of social innovation with an impact.

Vulnerable population groups are bearing the brunt of the global pandemic and need more economic support measures. These are some of the ideas set forth by Mayada El-Zhoghbi. El-Zhoghbi, Managing Director of the Center for Financial Inclusion  (CFI) and new member of the Advisory Board of the BBVA Center for Financial Education and Capability, who also advocates for, among other measures, equal access to financial services.