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Queen Maxima and the Minister of Finance Luis Caputo talked about fostering financial inclusion in Argentina

In a long conversation by the phone, they shared the need to extend financing and credit possibilities to the most vulnerable sectors of the society.

The Minister of Finance, Luis Caputo, held this Thursday a conversation by the phone with Queen Maxima, Queen of the Netherlands, who represents the United Nations in the agenda of Inclusive Finance for Development. Within said framework, the conversation was about the importance of financial inclusion and the importance of fighting informality and exclusion to achieve growth for the country and the region.

Mr. Minister highlighted “the Queen’s high expertise in financial inclusion and the tough work conducted by her in order to extend the benefits of access to financial services and credit among the most vulnerable sectors of society”.

Caputo said that financial inclusion was included in the debates of the IDB Annual Meeting by Argentina’s express request last week in Paraguay and he added that it will be a main item on the agenda of IDB Meeting in October in Washington. In addition, both officials agreed on the importance of coordinating these policies with other strategic partners, such as the World Bank (WB), which is working hard on this matter.

Queen Maxima expressed her willingness to support the National Government in achieving greater financial inclusion. They also discussed about G20’s role in this subject and in how Argentina could address financial inclusion in the international forum. They talked about continuing with the work done in the Financial Services Digitalization area and about starting conversations on successful policies to reduce informality and achieve greater economic inclusion.

Caputo told Queen Maxima the Ministry of Finance’s decision to create the Financial Inclusion Council, which main objective will be to fight informality and extend the benefits of the financial system to the whole society.