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Calls for Financial Inclusion of Afro-Descendants in Brazil

2024-09-14 14:47:12.619000

On September 9, 2024, a seminar organized by the Think Tank 20 engagement group highlighted the urgent need for banks to enhance economic inclusion for Afro-descendants in Brazil, aligning with the Sustainable Development Goals. Key speakers included Luciana Mendes Santos Servo, president of Ipea, and economist Marcelo Paixão, who emphasized the critical need to address racial and gender biases in economic decision-making. Sueli Carneiro pointed out the historical reparations necessary for Brazil's 56% Afro-descendant population, particularly the 28% who are women. The seminar culminated in recommendations for developing inclusive financing models and improving access to the labor market for these communities. Additionally, Tereza Campello from BNDES and Cynthia Liliane Kamikazi from the African Development Bank discussed the pivotal role of financial institutions in empowering Afro-descendants and women, respectively [47c12789]. This initiative reflects a growing recognition of the need for systemic changes in financial practices to support marginalized groups and promote social justice [47c12789].

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