Promoting Financial Inclusion in West Africa
ECOWAS Regional Conference
September 20, 2016

This conference will bring together infrastructure finance practitioners and policymakers to discuss options for promoting financial inclusion in West Africa. Access to financial services is beneficial for pro-poor and inclusive growth, and this conference will look at policies and best practices implemented by countries that have successfully increased financial access. The conference will examine the opportunities offered by new technologies, financial innovations and the role of islamic banking to facilitate access to financial services to the underbanked. As widening financial access also brings policy challenges and supervisory risks, this conference will look at how to widen financial access in the region responsibly. This conference is by invitation only.

Tentative Program

Tuesday, September 20, 2016
8:00 a.m.
9:00 a.m.
Introductory speeches

Tiémoko Meyliet Koné, Governor of the Central Bank of West African States

Mitsuhiro Furusawa, Deputy Managing Director of the IMF
Mr. Mitsuhiro Furusawa assumed office as Deputy Managing Director of the International Monetary Fund on March 2, 2015. Mr. Furusawa joined the IMF after a distinguished career in the Japanese government, including several senior positions in the Ministry of Finance in recent years. Immediately before coming to the Fund, he served as Special Advisor to Japanese Prime Minister Shinzo Abe and Special Advisor to the Minister of Finance. Among his recent ministry postings, Mr. Furusawa served as Vice Minister of Finance for International Affairs (2013-2014), Director-General of the Financial Bureau (2012-2013), and Senior Deputy Director-General of the International Bureau (2009-2010). Mr. Furusawa’s overseas postings for the Japanese government have included IMF Executive Director (2010-2012), Minister (Finance) at the Embassy of Japan in the United States (2007-2009), and Counselor (Finance) at the Embassy of Japan in France (1997-1999). A 1979 graduate of the University of Tokyo with an LL.B. degree, Mr. Furusawa also graduated in 1983 from the École Nationale d’Administration in Paris.

Amadou Ba, Minister of Economy, Finance and the Republic of Senegal

9:30 a.m.
Group picture
9:45 a.m.

Session 1: Financial Inclusion, Growth, and Poverty Reduction: An Overview

Chair: Adama Kone, Minister to the Prime Minister, responsible for Economy and Finance of the Republic of Ivory Coast


The Nexus of Financial Inclusion, Poverty Reduction, and Growth

Margaret J. Miller, World Bank Group


Financial Inclusion Within WAEMU: An Assessment and Strategy

Ousmane Samba Mamadou, Director General Stability and Financial Inclusion
Mathieu Soglonou, UNCDF Senegal Representative


11:00 a.m. Coffee break
11:15 a.m.

Session 2: Promoting financial inclusion: Policy and Best Practices

Chair: Christian Adovelande, President, BOAD


Regional and International Experiences in Promoting Financial Inclusion

Roger Nord, Deputy Director, African Department, International Monetary Fund
Roger Nord is a national of the Netherlands. Currently Deputy Director of the IMF’s African Department, he oversees country operations in East Africa and francophone West Africa. He also leads the work on public finance issues in Africa. Previously, he was IMF mission chief for several African countries, including Tanzania, Uganda, Cameroon, and Gabon. Among his recent publications, he was the lead author of Tanzania – The Story of an African Transition (2009). Before joining the African Department, he was advisor to IMF Managing Director Horst Köhler and the IMF’s regional representative in Central Europe. He is a graduate of the University of St. Gallen, Switzerland, and of the University of Chicago.


Amadou Sy
, Senior Fellow and Director Africa Growth Initiative, Brookings Institution

Amadou Sy is senior fellow and director of the Africa Growth Initiative (AGI) at the Brookings Institution. He is also a member of the Editorial Board of the Global Credit Review and the Revue d’économie du développement. He focuses on financing for development and macroeconomics in Africa and emerging markets. His policy work won the runner-up 2011 ICFR-Financial Times Prize for best research on financial regulation. Amadou has published in academic and practitioner journals, including the Journal of Banking & Finance, the Review of International Economics, the Journal of African Economies, and IMF Staff Papers. He is also the editor of Africa in Focus, AGI’s blog series whose readership reach an average of 7,600 global readers per week. He was quoted widely including in the Wall Street Journal, Bloomberg, Le Point (France), Financial Times, and Les Echos


Johnson Asiama, Vice Governor, Central Bank of Ghana 

Mudashir Adeola Olaitan, Director, Development and Finance department, Central Bank of Nigeria

Opportunities of Islamic Banking

Malick Diop, Vice President APSFD Senegal, General Director UM-PAMECAS


1:00 p.m.


2:15 p.m.

Session 3: Financial Inclusion and Innovation: Opportunities and Supervision Challenges

Chair:  Nabe Louceny Governor of the Central Bank of Guinea, Vice- chair of the African Initiative on Financial Services Policy via Mobile Communication (AMPI)

Financing SMEs and Micro-Enterprises: Challenges and Risks

Mabousso Mr. Thiam, CEO of the Agency of Development and Supervision of SMEs (ADEPME) in Senegal 

Hannah Siedek, Impact Microfinance Investment Officer, European Investment Bank 
Hannah Siedek is a Microfinance Impact Investment Officer with 12 years experience in microfinance strategy and operations, and technology-enabled delivery models. Her career started at CGAP/The World Bank where she acquired experience and knowledge in a range of different challenges facing the access to finance industry, including mobile banking- and agent banking services in Latinamerica. Hannah joined ProCredit Holding AG in 2008 and became the Managing Director of ProCredit Bank Congo, DRC and an executive member on the bank’s Board of Directors. During the three years with ProCredit, she oversaw the organizational restructuring of the bank to enable the regional and national expansion, she managed the introduction of SME loans, grew the branch network from 6 to 17 branches with a first time expansion into regions outside the capital city, and helped grow staff numbers to 500. Today Hannah Siedek works as Impact Microfinance Investment Officer at the European Investment Bank (EIB) in Luxembourg. Hannah holds degrees in Bank Financial Management and Development Finance, a European Master (MSc.) in Management from ESCP-EAP, France and City University, UK, and a Bachelor Degree in Economics from Bayreuth University, Germany. She is fluent in English, German, French and Spanish.


Emmanuel Descamps, Director MICROCRED, Financial Inclusion Expert

3:30 p.m.

Coffee break

3:45 p.m.

Session 3 (continued): Financial Inclusion and Innovation: Opportunities and Supervision Challenges

Chair:  Nabe Louceny Governor of the Central Bank of Guinea, Vice- chair of the African Initiative on Financial Services Policy via Mobile Communication (AMPI)

The Potential of Digital Finance in Promoting Financial Inclusion

Nabe Louceny, Governor of the Central Bank of Guinea, Vice- chair of the African Initiative on Financial Services Policy via Mobile Communication (AMPI)

Jean Marius YAO, Director, Orange Money Cote d’Ivoire

Papa Alassane Niang, Director, Orange Money Senegal

The Challenges of Supervising Financial Innovations and Microfinance Institutions

Sena Elda Kpostra, Secretary General, WAEMU Banking Commission  

Paul Mathieu, Advisor, Monetary and Capital Market Department, IMF
Paul Mathieu is the regional advisor for Africa in the Monetary and Capital Markets Department of the IMF. He has led a number of financial stability assessment programs (FSAP) in Africa and Asia, been mission chief for Burundi, Ethiopia, Mauritius, and the Seychelles, and led special work on the emergence of Pan-African banks. His work has covered post-conflict, crisis management, debt restructuring and financial sector issues. He also has extensive work experience in transition economies. He holds a Bachelor’s degree from Concordia University in Montréal, Canada and a PhD in economics from the Graduate Institute of International Studies in Geneva, Switzerland.


5:10 p.m.

Session 4: Round Table: Lessons and Outlook

Chair: Mr. Mitsuhiro Furusawa, Deputy Managing Director, IMF


Amadou Ba, Minister of Economy and Finance of the Republic of Senegal

Foday B. L. Mansaray, Minister of Finance and Economic Development of the Republic of Sierra Leone

Tiémoko Meyliet KONE, Governor of the BCEAO 

Henrique Horta Dos Santos, Minister of Economy and Finance, Guinea Bissao

Alvin E. Attah, Deputy Minister for Economic Managemen, Ministry of Finance, Development and Planning, Liberia

Johnson Asiama, Vice Governor, Central Bank of Ghana


6:30 p.m.
Concluding Remarks
Tiémoko Meyliet Koné, Governor, BCEAO
6:45 p.m.
 Press conference