UK’s International Development Secretary Penny Mordaunt believes financial markets are key to creating a future free from aid dependency. She added that capital markets play a crucial role in delivering global prosperity in that they create opportunities for new investment, trade and jobs. The Group is aimed at driving innovation to improve financial access for the most vulnerable and underbanked people in societies. The inaugural meeting of the Group will take place in the third quarter of 2018 where the founding members include the UK, Ghana, Kenya, Jamaica and Rwanda. During the event, Morduant also announced UK funding to help developing countries raise investment from global capital markets in their own currencies.

Source: The Star April 17, 2018 14:26 UTC