London, United Kingdom.– Representatives of the Association of Multiple Banks of the Dominican Republic ABA and banking executives presented the progress in the implementation of the WE FI Code in the Dominican Republic at the Financial Alliance for Women Summit, event where they also gained experiences to strengthen financial inclusion strategies, in order to transmit the message to the rest of Dominican financial entities.
Rosanna Ruizpresident of the ABA, and Dalma Hernandezmanager of the union’s Social Banking, participated in the visit coordinated by the IDB Investlead by Jennifer Lantigua. The delegation was also made up of executives Linda Valette of the Reserve Bank; Elizabeth Rojas, from Banco BHD; Nathaly Uribe, of the Dominican Popular Bank; Alicia Freites, from Banco Ademi, and Eric Ramos, representative of the BHD Stock Exchange.
At the event, they presented the progress of the Dominican financial sector in terms of gender equality during the event held in London, capital of the United Kingdom, and discussed fundamental aspects for the advancement of the Code. WE FI either WE FI CODE (Women Entrepreneurs Finance Code) in the Dominican Republic, which seeks to contribute to reducing the gender gap.
These issues include the provision of essential non-financial services for these companies, support for MSMEs led by women in international trade, innovations in debt financing, venture capital for female founders and other highly relevant topics.
They highlighted that the Dominican WE FI Code is the first to be implemented in a Spanish-speaking country, offering a variety of initiatives promoted and aligned between the public sector, the private sector and international organizations, all working together for the development of MSMEs as a productive engine of the Dominican economy.
In a press document, the ABA recalled that this initiative consists of disaggregating data by gender, which will allow financial institutions to develop products and services that better adapt to the realities and challenges that women face in the business field, in addition to providing relevant data to be used in public policies by the State.
During the Summitattendees also exchanged experiences with global experts in financial services and gender equality from banks HSBC, BBVA, UK Financeand international organizations such as Financial Alliance for Women, IDB Invest, OECDamong others.
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