The choice of a university establishment for the holding of this event is not fortuitous. The ABEF particularly targets students and academics to popularize financial education but also to encourage the creation of startups and projects to fight against climate change.

In his intervention under the title: "climate change and financial inclusion", Mr. Said Taleb, central director at the level of the External Bank of Algeria (BEA) and president of the "means of payment" commission at ABEF, highlighted the link between climate change and the need to help affected populations build resilience. Mr. Taleb specifies that it is not a question of giving money to people – that is not the role of banks – but of offering financing for green activities, for example for the purchase of agricultural products. ecological.

The ABEF representative will emphasize the importance of setting up financing programs in rural areas, which will allow the emergence of micro-finance and meet the specific needs of vulnerable people, women first.

Mr. Taleb spoke of the need for banks to develop suitable financial products and services to build resilience in the face of climate change. Also, he stressed the need for the populations concerned to appropriate the new means made available to them. He cited the example of mobile applications in Asia and Africa which are used to send money to affected populations during natural disasters.

Continuing in the same logic, Mr. Taleb insisted on the importance of encouraging the financing of activities and products that respect the environment. He said that this issue is cross-cutting: “all players, not just banks, must get involved to meet the challenge of climate change”. Likewise, he recalled the importance of the involvement of universities “where there is already an ecological conscience”.

According to the same speaker, financial inclusion is already present in Algeria. It must be extended to populations affected by climatic disasters, by offering them financial products adapted to their needs. According to Mr. Taleb, banks must properly target these populations, by accurately identifying their needs in order to grant them the necessary financing that will be able to enable them to recover.

The Minister of Finance, Mr. Faïd Laâziz, present at the opening of this day, assured the availability of Algerian public banks to financially support projects and activities aimed at the fight against climate change and the protection of vulnerable populations. This is what is commonly called “green finance”: financing ecologically sustainable and socially responsible projects.

Furthermore, we learn, partnership agreements should be signed between the ABEF and the Ministry of National Education, as well as that of Higher Education and Scientific Research, with the aim of promoting education financial.

In recent years, Algeria has made considerable efforts to achieve financial inclusion. With technological developments helping, banks and other financial institutions are constantly diversifying and improving their products. Electronic payment transactions are constantly growing and are positively changing the behavior of citizens at all levels.

The new law on money and credit has just been promulgated. However, the implementing texts are lacking to make it effective, particularly with regard to digital currency and electronic signature.