The Arab Global Forum identifies microfinance is one of the key action areas

Microfinance Focus, Dec. 09, 2009: The Arab Global Forum 2009 identifies microfinance is one of the Key Areas for Private Sector Initiatives, said a release.  More than 200 business, government and civil society leaders from more than 16 countries around world meeting here called for urgent efforts to integrate the Arab world into the global economy.

Through discussions and debates during several highly interactive sessions, participants identified key areas on which the private sector can focus. Among them: education, the promotion of technology and communications especially the Internet, the expansion of microfinance, and the development of the rule of law particularly through judicial reform., report said.

The long-term aim of the Forum is “to contribute to accelerating the integration of the Arab world into the global economy,” explained Claude Smadja, President, Smadja & Associates, Switzerland and co-founder of the Arab Global Forum.

The next Arab Global Forum will take place in the Middle East in June 2010. The Forum’s US meeting will be held in the first week of December next year in Washington, DC. Said Smadja: “This is a process, not a one-shot event.”

For more information on the Arab Global Forum, please see website, www.arabglobalforum.com.

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