The following is the full text of Seoul Resolution of WSBI members in Asia/Pacific. ― ED.
- View access to finance as a major challenge to reach full social and financial inclusion and renew their commitment to work in partnership with international organizations and national authorities to improve financial access to all segments of the population, as part of their joint contribution to sustainable development.
- Regard microfinance as a major tool to build inclusive financial sectors and to empower vulnerable people, as well as a relevant leverage for alleviating poverty. As a unique economic development initiative, it has the ability to contribute directly to the people's economic and social progress, by allowing them to invest and multiply their scarce assets.
- Consider in consequence that there is a strong need to ensure that the offer of microfinance services can be broadened to benefit the largest parts of low income people and entrepreneurs, with a view to support their income generating activities and to enable them to access the formal banking sector.