President Yudhoyono Opens Micro-Credit Summit

NUSA DUA ~ President Susilo Bambang Yudhoyono opened an Asia-Pacific regional micro-credit summit in Nusa Dua on Monday.

The president and entourage, including First Lady Ani Yudhoyono and a number of ministers, left Halim Perdanakusuma Military Air Base for Bali by a special Garuda flight on Sunday afternoon.

On Monday morning, the president opened the meeting at the Bali International Convention Center in Nusa Dua.

During the opening ceremony, Yudhoyono was accompanied by Governor of Bank Indonesia Boediono, Director of the Micro Credit Summit Campaign Sam Daley Haris and founder of Bangladesh’s Grameen Bank Muhammad Yunus.

Yunus, a Nobel Peace Prize laureate, presented a token of appreciation to Ani Yudhoyono for her service in the development of micro finance in Indonesia.

After opening the summit, Yudhoyono held a meeting with Muhammad Yunus at the hotel, and returned to Jakarta later in the afternoon.

The summit was chaired by Honduras President Jose Manuel Zelaya Rosales.

President Rosales said the micro-finance sector was the fundamental basis for the creation of strong democracy and good governance and was imperative to improve productivity and reduce poverty.

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