Carlos Torres Vila announces in Davos that the BBVA Microfinance Foundation joins the alliance to bridge the digital divide


With its productive finance methodology (financial services, training and advice), the BBVA Microfinance Foundation plans to disburse, through its microfinance institutions, 7 billion euros in loans and provide direct services to 4.5 million low-income entrepreneurs, mostly women, with digital solutions and programs for their development in digital and financial skills, internet access, etc. Considering the families of these entrepreneurs, it is estimated that the lives of more than 14 million people in vulnerable sectors will be impacted.

Edison is an alliance promoted by the World Economic Forum to accelerate access to digitalization for all, with a focus on financial inclusion, education and health, in line with the Davos philosophy of collaboration and multi-sectoral impact. It brings together the main leaders of the public and private sectors to reduce the digital divide which affects 37% of the world’s population, 2.9 million people, including 96% in developing countries (Source: ITU, the International Telecommunication Union is the specialized telecommunications agency of the United Nations). As for financial inclusion, according to the latest data from the World Bank, almost 1.7 billion adults, mostly in poor countries, do not have a bank account, which represents 31% of the population. global adult.

From 46 “champions” of the Edison AllianceCarlos Torres Vila is the only member from Spain. The list includes figures such as Achim Steiner, Administrator of the United Nations Development Program (UNDP), and Queen Máxima of the Netherlands, in her capacity as Special Advocate of the United Nations Secretary-General for Inclusive Finance For the development. “The combined effect of digitalization and education provides endless opportunities for the most vulnerable and has a positive impact on their lives. Promoting inclusive and sustainable growth is a key strategic priority for BBVA,” said BBVA Chairman .

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