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The financial sector has a responsibility
of promoting growth in the communities that it serves.
And, in fact, we can do this by providing a good education,
a good knowledge of the financial sector
and the financial products and services, to know the financial probes
and to know the financial services, allow the people to use them
more efficiently and, therefore, to progress faster in the growth
of their businesses and in the growth of them as persons in the society.
But also the financial sector has again challenge in our communities
and that is to provide services of adequate cost
and in a very adequate manner for the stage of development
of our societies.
This is a requirement for innovation.
We have been doing that, adequate in our network of services,
but also trying to get a more relevant portfolio of probes relevant
to the particular status and needs of our societies.
We have to provide microcredit.
We have to provide adequate credit for small and medium enterprises
and that is going to allow those people who are entrepreneurs
in those sectors to become best business leaders,
best social leaders of their community.
The compromise with sustainability and the adoption of knowledge
of growth that are responsible with the work and at the same time
sustainable from the point of view of the social compromises
of growth and development are a big issue for all the entrepreneurs
and all the business leaders in Latin America.
We have to be very active in searching for the model of growth
that had been responsible with the work, also been sociable and,
from the point of view of development, feasible.
We believe very strongly on these points in Bancolombia.
That is the reason why Bancolombia has joined the global comfort
as a compromise to start to develop every time a better relation with our work
and a better relation with our responsible and sustainable development.
To be able to access to the international capital market
is very important for the development of all the industries and companies
in Latin America.
This is a great opportunity.
Right now, the emerging markets are showing to the world the possibility
of growing faster than the developed world.
Therefore, to be able to offer investment opportunities is an element
that is going to determine the growth and the potential
of these economies in this region.
Certainly, in Colombia we are pressing very *** that.
Bancolombia is been related with the international capital market
since 15 years ago a nd we have derived a great asset
out of this relationship because we have been able,
not only to grow much faster than we’ve had if we had only been reliant
on the local capital market, but also have got the very good relation
with the professional investors that had been criticizing
and had been providing a lot of guidance for the development of the company.
And that is going to be very determinant of the growth of other companies as well.
So to be able to provide a good governance so that
the international capital can be confident not only from the point of view
of governance of the individual companies but also from the point of view of
the stability of rules and stability of framework from each
of the governments of the region.
The quality of education and the relevance of the education
are two very important commitments of the private sector
in the region and in the country.
The private sector can do a lot to improve the quality of education.
Certainly, the introductions of the principles of the private sector
in the education are an element that is going to guarantee
the improvement of the quality and the -- determine also the possibility
of each one of the schools and institutions to adopt a model
of improving permanently and trying to reach the best standards
and to equal the bench markings in the quality of education.
That is a great element for the development of our society.
If we have educated people and we have good coverage
and good quality and good relevance of the education,
our countries are going to grow faster.
Also, it is important to make a good relation between the educational system,
the government, and the private sector.
That is going to guarantee that these efforts in improving education
are going to be more efficient.
Latin American region is having a great growth of its population.
And also and even more important is having a significant growth
of the income per capita.
The private sector are responsible for this growth in the income
per capita and for the conditions of living of Latin American population.
And the financial sector, in particular, is a beneficiary of these phenomena
and is also responsible of getting the scenario,
getting the infrastructure for that growth of income per capita.
We are taking the opportunity of increasing balkanization
and we are taking the benefit of banking on those new population
which is a great responsibility because those people require new products,
new services, and require a great efficiency to be able to serve them.
That is also true for the industrial sector as a whole.
We have to produce the produces and services that require
the new generations of Latin Americans.
The knowledge on finance is also a very important element
in the development of our societies.
Bancolombia is now offering a program of education in finance
that attends to get the school voice to learn about the instrument,
the products and services, and, therefore, allowing them to go into their
life projects in a more productive way.