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Maldives chairs SARFII at AFI Global Policy Forum

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Maldives Monetary Authority (MMA) has been appointed as the Chair of the South Asia Region Financial Inclusion Initiative (SARFII) at the Alliance for Financial Inclusion (AFI) Global Policy Forum.

Eight South Asian financial regulators launched SARFII to accelerate financial inclusion, during the AFI Global Policy Forum, the world’s largest financial inclusion gathering, held in Jordan. MMA is the first Chair of SARFII and Nepal Rastra Bank is the Vice Chair for the term 2022-2024.

Speaking at the AFI Global Policy Forum, Governor of MMA Ali Hashim highlighted the work to be conducted to increase financial inclusion in the South Asian region. He also highlighted the need for South Asian countries to work together to formulate policies and reach milestones.

SARFII aims to boost peer learning, knowledge exchange, information sharing, and regional cooperation among its eight members. AFI’s regional initiatives enhance the network’s ability to support its members working on specific regional priorities, share regional knowledge and translate global financial inclusion issues into practical implementation at the regional and national levels.

At the forum, AFI’s South Asian members identified six key priorities: digital financial services, financing of micro, small and medium (MSME) enterprises, reducing the gender gap in access to finance, inclusive green finance, financial inclusion data, and consumer protection and financial education and literacy.

AFI stated that South Asian members have made important strides over the past decade in accelerating financial inclusion, providing access to finance to over 40% of the region’s population in 2021, up from 23% in 2011. The organisation stated over 150 million people do not have access to finance although the region has been the cradle of innovation, that the gender gap continues to be higher than the global average, and effects of climate change have been adverse.

The South Asian members aim to seize the opportunities amidst these challenges and are taking action through a wide range of policies to accelerate financial inclusion for all and eliminate inequity by addressing the local and unique challenges in the region.

 

Source: psmnews

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Ooredoo partners with Jalboot to enable connectivity for customers on vessels

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Ooredoo Maldives has partnered with Jalboot Maldives to enable connectivity to customers while aboard vessels and during their stay in the Maldives.

The partnership was announced at the ceremony held at Ooredoo Maldives Head Office in the presence of Managing Director of Jalboot Maldives Mohamed Roestali and Chief Executive Officer (CEO) of Ooredoo Maldives Khalid Al-Hamadi.

The partnership was formed with the aim to improve the customer experience for tourists during their stay in the Maldives, easing their access to connectivity services. Ooredoo stated reliable connectivity is crucial in the travel industry in order to provide high-quality services and for tourists to stay updated on news, stay connected with friends and family, and to attend business matters while traveling. Under the partnership, customers of Jalboot Maldives will be able to acquire connectivity solutions directly from the vessels without the hassle of going to any counter or shop.

Speaking at the ceremony, Khalid Al-Hamadi said access to reliable connectivity is crucial in the digital era, and with the strategic partnership with Jalboot Maldives, Ooredoo’s aim is to ease access to connectivity where tourists can acquire SIM cards directly from the vessels.

Meanwhile, Roestali said communications technology is vital for the growth of Jalboot Maldives and Ooredoo is known for its evolutionary digital services. He said both companies will together enhance the customer experience with a common mission to enrich the lives of their community.

Jalboot Maldives specialises in delivering high quality, fully integrated marine solutions such as water transport, marina management, design and building of custom boats, water sports, and luxury charters.

 

Source: psmnews

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WDCs launch resale market for seven islands of Baa Atoll

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The women’s development committees (WDCs) in seven islands in Baa Atoll have taken the initiative and launched a resale market in collaboration with Soneva Namoona Association.

The market under the name Alun Balun will offer used items at cheap prices for the people of Baa Atoll. The market aims to create a culture of reusing used goods in good condition rather than throwing them away, extending the shelf life of goods and reducing waste generated in the seven islands.

The reusable items in the waste from the households participating in this resale market will be identified by the WDCs in the islands, cleaned or repaired, and sent to the committee of another participating island for sale. The challenges of selling used items on small islands can be overcome by sending items collected on another island for sale. The proceeds from the resale market will go to the committees.

The second round of the market will be held on October 8 in Kihaadhoo. Thereafter, the market will be held on one of the participating islands in Baa Atoll. The seven islands working with Soneva Namoona are Maalhos, Dharavandhoo, Kihaadhoo, Dhonfanu, Kamadhoo, Kudarikilu and Kendhoo.

 

Source: psmnews

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Gov’t says RTL ferries make access to health services easier

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Minister of Health Ahmed Naseem has stated the biggest benefit of the Raajje Transport Link (RTL) high-speed ferry service is easily accessing to health services. He made the remarks speaking at the ceremony held to inaugurate the Emergency and Trauma Unit at the health centre in Dharavandhoo, Baa Atoll.

Speaking at the ceremony, Minister Naseem said one of the most important services required by all citizens is health services, adding some individuals are required to travel to nearby islands since some islands do not have the required services. The minister noted travelling is a huge expense, so individuals have to wait to plan the trip in conjunction with someone else’s trip to reduce the costs. He said, however, with the introduction of the RTL ferries, the cost has been greatly reduced and travelling has been made easier.

Furthermore, Minister Naseem said the government always prioritises providing equitable services to all citizens. He added the vision of the government is to establish sustainable services across the country.

 

Source: psmnews

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