Conference Preamble

The role of financial inclusion in providing funding opportunities for emerging institutions in order to achieve sustainable development

Recent years have witnessed persistent efforts by many countries to promote financial inclusion, especially after the 2008 global financial crisis hit many economies hard, significantly changed the world’s economic and financial landscape, and became a critical turning point in the field of financial and banking services. The International Monetary Fund, the World Bank, and the G20 have adopted the financial inclusion as a basic pillar in the economic and financial development agenda because of its impact on social life, as it cares for low-income individuals and enables small and medium enterprises to access financial services, and hence helps to achieve social justice, reduce unemployment and poverty rates, and achieve sustainable development goals.

The use of financial inclusion is enhanced by both individuals and institutions through financial innovation, which is one of the many old / new terms that reflect the use of modern methods; most financial institutions design new financial products and services in order to achieve a competitive advantage and satisfy customer needs. In light of these financial innovations, the financial inclusion of individuals and institutions, especially emerging ones, will be enhanced; in fact, the Algerian government is focusing its attention towards helping emerging institutions by enacting laws that regulate them and encouraging individuals to establish them, and this leads us to discuss how can institutions reach financial services and what might be done by emerging companies that need to achieve greater financial inclusion.

In light of the foregoing, this international conference aims to search for various financial innovations which allow for the enhancement of financial inclusion that is one of the basic mechanisms for providing funding opportunities for emerging institutions and achieving sustainable development.