Queen Máxima and Senior UN Officials visit Ethiopia and Tanzania
12 December 2013, Rome/Dar-es-Salaam/Dodoma — Why is financial inclusion necessary for agricultural development and what does it involve? In order to address those questions Her Majesty Queen Máxima of the Netherlands, along with senior officials of the three food agencies of the United Nations traveled to Ethiopia and Tanzania this week. Queen Máxima led the delegation in her capacity as UN Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA). Together the group met with senior officials from government and financial organizations to discuss how expanding access to financial services - such as bank accounts, short-term credit, small loans, savings and insurance- can help farmers manage irregular cash flows and respond to external shocks such as droughts and floods, invest in capital to improve their productivity, reach markets, and access insurance to mitigate risks of crop loss.
Opening of the press conference, following a launch event for the Bank of Tanzania's National Financial Inclusion Framework, in Dar es Salaam, Tanzania, with Her Majesty Queen Máxima of the Netherlands; Ertharin Cousin, Executive Director of the UN World Food Programme(WFP); Maria-Helena Semedo, Deputy-Director-General of the UN Food and Agriculture Organization(FAO); and Adolfo Brizzi, the Director of Policy and Technical Advisory Division at the International Fund for Agricultural Development (IFAD).
Queen Máxima responds to questions at the press conference. Her majesty elaborates on what the issues are surrounding financial inclusion, why the UNSGSA and the UN food and agricultural agencies are coming together now and why these issues need to be addressed.