In September, Ficohsa President Camilo Atala was published in American Banker calling for the United Nations General Assembly to discuss stemming migration by giving small businesses the financial services they need to succeed.
In a guest article, he described how the development of small and medium enterprises (SMEs) – the lifeblood of Central America – would support job creation, entrepreneurship and an expansion in financial inclusion.
According to Camilo Atala, the UN can help by eliminating technological barriers, promoting initiatives to increase financial inclusion, supporting the expansion of microfinance, providing guidelines and best practices for sustainable banking, harmonizing international rules and regulations, and encouraging greater cooperation to fight against illicit financial flows.
Summarizing, Camilo Atala said, “Helping Central American banks to better support their citizens would enable the U.N. to make considerable progress on its 2030 Agenda for Sustainable Development in this part of the world.”