First Public Institutions... Seogeumwon and Sinbokwi's Low-Income Financial Support Model Adopted by the UN

Lee Gye-mun, President of the Korea Inclusive Finance Agency
Photo by Korea Inclusive Finance Agency

[Asia Economy Reporter Song Seung-seop] The support model for low-income finance by the Korea Inclusive Finance Agency and the Credit Recovery Committee has been adopted as a written opinion by the United Nations.

The Korea Inclusive Finance Agency announced on the 8th that the support model of the two organizations was submitted through the Sustainable Development Goals (UN SDGs) Association under the 59th United Nations Commission for Social Development and posted on the commission's website. Among the 40 NGO opinions adopted by the SDGs, this is the first time a domestic public institution has been adopted.

According to the Korea Inclusive Finance Agency, the opinion includes the two organizations' credit guarantee loans, financial education systems, and credit and debt management programs.

Lee Gye-moon, president of the Korea Inclusive Finance Agency, said, "The adoption of the UN opinion recognizes the inclusive finance policies of the two organizations by the international community and the UN," adding, "We will continue to strive to become a model case of sustainable policies."

Meanwhile, the 59th commission will be held for ten days starting on the 9th (local time) at the United Nations Headquarters in New York, USA, under the theme "Socially Just Change Toward Sustainable Development: The Role of Digital Technology for Social Development and Welfare for All."

This content was produced with the assistance of AI translation services.