Achieving the Sustainable Development Goals through Entrepreneurship and Innovation

Date: March, 25, 2020 | From 10 a.m. to 11 a.m. - CET

Economic growth depends on capital accumulation (investment) and technical change, two elements that are strictly related to each other.

Foreign direct investment (FDI) is an important driver for industrial performance and productivity growth that is highly influenced by the availability of qualified local entrepreneurs and investors, however quite difficult to find in many development countries.

In this regard, the Arab International Center for Entrepreneurship & Investment (AICEI) promoted the Enterprise Development & Investment Promotion Program (EDIP), which is a package approach aimed at developing the capacities of potential entrepreneurs/investors in order to boost their capabilities and assist them in developing their own private businesses.

The EDIP assists start-up entrepreneurs (through the Enterprise Creation Program) and represents a major mechanism as well for upgrading and expanding existing MSMEs (Enterprise Growth Program).

EDIP facilitates and endorses domestic investment that leads to the attraction of the foreign direct ones, through the UNIDO and ITPO Network, and therefore to job creation and more diversified economy. Further to the above, EDIP has evolved also into a well-structured Incubation system, currently implemented in 52 countries around the World.

Relator: Mr. Hashim S. Hussein

Head of UNIDO, Investment and Technology Promotion Office, Kingdom of Bahrain

Hashim S. Hussein is the Head of the United Nations Industrial Development Organization, Investment and Technology Promotion Office in the Kingdom of Bahrain (ITPO Bahrain) and the Director of the Arab International Center for Entrepreneurship & Investment (AICEI), along with other notable roles in economic and sustainable development oriented entities. Hashim S. Hussein has acquired a valuable experience in the field of Industrial Development, Investment and Technology Promotion over the last 30 years. He also has a remarkable experience in SME and Entrepreneurship development and as advocate for Women’s Economic Empowerment. He holds a PhD (Honors) in International Law of the Sea from the University of Nantes, France and obtained also a Doctoral Research Programme from the University of Maryland at College Park, Centre for International Development and Conflict Management (CIDCM), Maryland, U.S.A in the year 1989. He has worked at various responsibility levels in different countries like USA, Egypt, Sudan, Austria and the Kingdom of Bahrain.

Enhancing financial literacy in Hungary

Date: February, 24, 2020 | From 3 p.m. to 4 p.m. - CET

The Hungarian strategy on the enhancement of financial education has been developed considering international best practices available in the OECD/INFE framework. The strategy covers 7 years, from 2018 to 2024, breaking down its practical implementation into two-year action plan.

The strategy’s evolutionary nature enables smooth adjustment to the rapidly changing economic and technological environment if needed. The goal is to raise the level of financial capability of the Hungarian citizens in order to be smarter, more efficient in their individual and family finances. In particular, at the forefront of this strategy there are financial planning, obtaining credits responsibly, basics of financial consumer protection, more widespread use of electronic payments, etc.

The development of this strategy involves a large number of stakeholders from the public, private and civil sector and the experiences gained in the first 2 years are encouraging, although a long road needs still to be covered. All these topics will be presented and discussed more in details during the webinar “Enhancing financial literacy in Hungary” held by Mr Balogh.

Relator: Mr. László Balogh

Deputy State Secretary of Financial Policy Affairs, Ministry of Finance, Hungary

Mr. László Balogh has held many relevant roles in the financial field during his career. Besides being Deputy State Secretary of Financial Policy Affairs in Hungary, he is member both of the EU and the OECD Economic Policy Committees, and the Financial Stability Board’s Regional Group in Europe. Since 2018 he is member of the EIB (European Investment Bank) Audit Committee and he has been also Vice President at the Hungarian Financial Supervisory Authority (HFSA) for more than 3 years, among other roles, he has been also Ambassador in Hungary’s first Permanent Representative at the OECD. In addition to all the experiences gained through his career, he has also written a number of books and publications on financial themes.