HRH Princess Máxima installed as UN Special Advocate for Inclusive Finance

21-Sep-2009    Her Royal Highness Princess Máxima of the Netherlands has been installed as 'Secretary-General’s Special Advocate for Inclusive Finance for Development' by United Nations Secretary General Ban Ki-moon.

“Your extensive knowledge and expertise makes you a perfect choice for this important undertaking,” Mr. Ban said on Monday. “You will be able to work for the well-being of so many people who need our hands, who need your hands and who need the United Nations.” Inclusive finance, he pointed out, has a key role to play in making efforts to reach the Millennium Development Goals (MDGs), eight anti-poverty targets with a 2015 deadline.

Princess Máxima was a member of the Advisors Group to the 2005 International Year of Microcredit and a year later she joined the UN Advisors Group on Inclusive Financial Sectors. She was a member of the Group’s Executive Committee and chaired its Working Group on Advocacy.

This is a new position at the United Nations, created for the Princess, who will not only advise the Secretary-General on access to financial services, but will also work to ensure that everyone, everywhere, has access to financial services. In many countries, large numbers of people are unable to open a bank account, negotiate a loan or purchase insurance. Access to financial services will enhance the development of, in particular, low-income groups and small and medium-sized enterprises.

In her new capacity, Princess Máxima will be able to continue her work of the last few years as a member of the UN Advisors Group on Inclusive Financial Sectors. At the end of 2008, the Princess presented Ban Ki-moon with the Group’s recommendations and key messages. These can serve as guidelines for legislators, supervisory bodies, development partners and the private sector to improve access to financial services. Princess Máxima will visit various countries in the months to come as advocate for inclusive finance to draw the key messages once again to stakeholders’ attention. She will also discuss the importance of an inclusive financial sector at several conferences.

As a member of the UN Advisors Group on Inclusive Financial Sectors, the Princess met with legislators and supervisory bodies in several countries to discuss obstacles to making financial services accessible. Important aims are to encourage people to save, strengthen systems of lending and simplify financial transactions while at the same time educating consumers about and protecting them against financial risks.


Princess Máxima to open seminar Pension & Development Network

The Pension & Development Network congratulates HRH Princess Máxima with her new position, and is looking forward to welcoming her at the 'Governance in Microfinance' seminar, which will take place on the 29th of September 2009, in Amsterdam, The Netherlands.

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HRH Princess Máxima's Installment Speech as Special Advocate for Inclusive Finance

Speech given by Princess Máxima, UN Secretary General’s Special Advocate for Inclusive Finance, in honour of the Clinton Global Initiative Finance Dinner in New York, September 22nd, 2009.
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