Queen Maxima of the Netherlands spoke in Myanmar Tuesday, calling for a broader financial social inclusion as a way for Mynamar to grow and encourage economic development .
Speaking at the University of Yangon, the queen said broader access to basicfinancial services such as banks and savings accounts can help build an economy from the ground up:
"My point is that financial inclusion is vital for economic growth, job creation and social development in any country. It supports the broader inclusion, broader social inclusion, which is a fundamental element to any successful and enduring democratic transformation and to stable societies. By providing your country with an inclusive and transparent financial system, you will be building a strong foundation for sustainable development.A development that benefits everyone."
The Dutch queen is in Myanmar for a three-day visit as the U.N. Secretary-General's special advocate for inclusive finance for development.
Myanmar is set to announce a road map toward financial inclusion, which it hopes will raise people's income, aid businesses and be a spur for economic development.
International development organizations such as the United Nations and the World bank have made financial inclusion a priority for the developing world. Queen Maxima has advised the U.N. on financial development since 2009.
In many countries, a lack of access to financial services forces the poor to rely on money lenders for credit at high interest rates and substitute assets such as livestock or gold as a form of savings - to such an extent that those who are poor often lose their few assets by pawning them during times of financial emergency.