Responsible Inclusive Finance Training

The Responsible Inclusive Finance (RIF) Training is a two-day, highly interactive training that presents the pathway towards RIF. It is designed for financial sector authority and financial inclusion policy makers in Indonesia.

Description:

The Responsible Inclusive Finance (RIF) Training is a two-day, highly interactive training that presents the pathway towards RIF. The training is designed for financial sector authority and financial inclusion policy makers in Indonesia. The training forges links between global RIF frameworks and the Indonesian government’s strategic pillars for ensuring that the development of the financial services sector is both inclusive and responsible. It provides a detailed perspective on RIF implementation in financial institutions. This perspective should enable the participants to draft more practical and robust supervisory mechanisms and policy frameworks to ensure responsible inclusive finance practices in Indonesia.

Objectives:

The main objective of the training is to work closely with market-level actors in order to:
  1. Build understanding and buy-in global practices on RIF practices
  2. Explore how global practices can be incorporated into local context, especially at a regulatory level

Expected outcomes:

The training is expected to yield the following outcomes for the participants:
  1. Provide an understanding of the latest global developments and trends with regard RIF
  2. Identify global RIF practices that are aligned with Indonesia’s financial services sector strategy
  3. Identify specific global RIF practices that can be incorporated into Indonesia’s financial sector in order to strengthen the sector.

Trainer:

Nitin MADAN, Director, Responsible Finance Facility for South-East Asia (Social Performance Task Force), Strategic Advisor to Women’s World Banking, International Finance Corporation, and United Nations ESCAP.

Topics:

  1. Universal Standards for Social and Environmental Performance Management
  2. Client Protection Standards
  3. Mapping Indonesia’s policy/plan with RIF global standards
  4. Example of Indicators for Reporting on Social Performance
  5. RIF risks that OJK can monitor
  6. KASHF Foundation’s and KOMIDA social Indicators for their RIF dashboard

Participants:

  • 10 Staffs of Coordinating Ministries of Economic Affairs
  • 20 Staffs of Otoritas Jasa Keuangan (OJK)

Detailed Agenda