BVM - Bolsa de Valores de Moçambique
BVM - Bolsa de Valores de Moçambique
03/05/2024 | Press release | Distributed by Public on 03/05/2024 07:03
Salim Valá defends Financial Education as an important action for Sustainable Development
Under the motto "Promoting Sustainable and Inclusive Development for 34 years", GAPI , a Development Financial Institution registered with the Bank of Mozambique in the Investment Company (SI) category, promoted, on the 1st of March, a conference on several themes of the sector in which it operates, with emphasis on financial inclusion and sustainable development.
With the Sustainable Development Goals (SDGs) - embodied in 17 goals, whose time horizon goes until 2030 - as a reference, the event began with the presentation of a testimony by the founders of GAPI, jurist Hermenegildo Gamito, former president of the Council Constitutional.
"Using the teachings of Saint Thomas Aquinas, I am pleased to thank everyone who, over the years, has helped GAPI become the reference financial institution it is today", highlighted Gamito.
On the occasion, Salim Valá, PCA of BVM, participated in the panel that addressed Financial Inclusion and Financing for Sustainable Development. Valá highlighted that the issue of financial inclusion is extremely pressing, considering some of its key dimensions, starting with the issue of expansion, from the perspective of effective access, of financial services for all. Associated with this, he said that the issue of financial education should not be overlooked, without which many actions could result in failure.
"It is no coincidence that, in some latitudes, financial education is a transversal theme throughout the education chain. That is why I am one of those who defend, since the time when I was National Director for the Promotion of Rural Development, that financial education should be included in the national curriculum from primary school onwards", he reiterated.
The BVM PCA also said, as if to corroborate the view of one of the participants who spoke in the previous session, that the "seven million" taught that access to financing is not, in itself, enough to promote development. "We need to have knowledge, to believe in ourselves, to be persistent."
Digital inclusion, Valá pointed out, is another essential dimension of financial inclusion, as is the case with marketing inclusion, taking into account that when producing there must be a market, under penalty of all the effort undertaken being reduced to zero.
In turn, GAPI's main advisor, António Souto. In his speech during the panel, he presented the Finance for Sustainable Development (F4SD) platform, which is part of GAPI's strategy for the coming years, shaped by the SDGs.
He said, at the time, that the recent warning from the United Nations was taken into account, according to which the achievement of what was recommended in terms of the SDGs is at risk. He pointed out that, in its recent assessment, the United Nations made it known, through its Secretary-General, António Guterres, that "while rich economies have recovered from the harmful impacts of COVID-19, undeveloped ones are sinking even further".
"Listening, listening, is one of GAPI's values. This includes the need to listen to the recommendations of national and international institutions", emphasized Souto, adding that "investments that generate employment will always deserve special attention".
The F4SD platform was created to mobilize entities interested in a fairer society and a more inclusive economy, "as we prepare for the opening of our shareholder structure. GAPI intends to go public and double its share capital from 200 million to 400 million Meticais, which we hope to quadruple the impact of what we do".
In turn, Rafael Uaiene, Chairman of the Board of Directors (PCA) of GAPI, assured, in one of his interventions, that measuring the impact of investments is one of GAPI's distinctive features. "This is what sets us apart from other financial institutions in the country", he highlighted.
Government institutions, commercial banks and GAPI's strategic partners participated in the event.
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With the Sustainable Development Goals (SDGs) - embodied in 17 goals, whose time horizon goes until 2030 - as a reference, the event began with the presentation of a testimony by the founders of GAPI, jurist Hermenegildo Gamito, former president of the Council Constitutional.
"Using the teachings of Saint Thomas Aquinas, I am pleased to thank everyone who, over the years, has helped GAPI become the reference financial institution it is today", highlighted Gamito.
On the occasion, Salim Valá, PCA of BVM, participated in the panel that addressed Financial Inclusion and Financing for Sustainable Development. Valá highlighted that the issue of financial inclusion is extremely pressing, considering some of its key dimensions, starting with the issue of expansion, from the perspective of effective access, of financial services for all. Associated with this, he said that the issue of financial education should not be overlooked, without which many actions could result in failure.
"It is no coincidence that, in some latitudes, financial education is a transversal theme throughout the education chain. That is why I am one of those who defend, since the time when I was National Director for the Promotion of Rural Development, that financial education should be included in the national curriculum from primary school onwards", he reiterated.
The BVM PCA also said, as if to corroborate the view of one of the participants who spoke in the previous session, that the "seven million" taught that access to financing is not, in itself, enough to promote development. "We need to have knowledge, to believe in ourselves, to be persistent."
Digital inclusion, Valá pointed out, is another essential dimension of financial inclusion, as is the case with marketing inclusion, taking into account that when producing there must be a market, under penalty of all the effort undertaken being reduced to zero.
In turn, GAPI's main advisor, António Souto. In his speech during the panel, he presented the Finance for Sustainable Development (F4SD) platform, which is part of GAPI's strategy for the coming years, shaped by the SDGs.
He said, at the time, that the recent warning from the United Nations was taken into account, according to which the achievement of what was recommended in terms of the SDGs is at risk. He pointed out that, in its recent assessment, the United Nations made it known, through its Secretary-General, António Guterres, that "while rich economies have recovered from the harmful impacts of COVID-19, undeveloped ones are sinking even further".
"Listening, listening, is one of GAPI's values. This includes the need to listen to the recommendations of national and international institutions", emphasized Souto, adding that "investments that generate employment will always deserve special attention".
The F4SD platform was created to mobilize entities interested in a fairer society and a more inclusive economy, "as we prepare for the opening of our shareholder structure. GAPI intends to go public and double its share capital from 200 million to 400 million Meticais, which we hope to quadruple the impact of what we do".
In turn, Rafael Uaiene, Chairman of the Board of Directors (PCA) of GAPI, assured, in one of his interventions, that measuring the impact of investments is one of GAPI's distinctive features. "This is what sets us apart from other financial institutions in the country", he highlighted.
Government institutions, commercial banks and GAPI's strategic partners participated in the event.
Photo Events