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The Alliance for Financial Inclusion (AFI) is a policy leadership alliance owned and led by member central banks and financial regulatory in developing countries with the objective of advancing financial inclusion.
The Maya Declaration is a global initiative for responsible and sustainable financial inclusion issued by the Alliance for Financial Inclusion that aims to reduce poverty and ensure financial stability for the benefit of all. It is the first global and measurable set of financial inclusion commitments by developing and emerging economies.
Financial inclusion is the availability and equality of opportunities to access financial services. [1] It refers to processes by which individuals and businesses can access appropriate, affordable, and timely financial products and services—which include banking, loan, equity, and insurance products.
The first AFI GPF [4] was held in Kenya in 2009 and focused primarily on the promotion of the benefits of a knowledge exchange platform of peers. [5] [6] In his opening remarks, the governor of co-host Central Bank of Kenya, Prof. Njuguna Ndung'u, summarized the goal of the AFI GPF when he stated, "we will, over the next ten days, share experiences on smart financial inclusion policies that ...
Towards Greater Financial Inclusion: MasterCard, Beam Announce Alliance to Reach 14 Million New Customers Offers Innovative MasterCard Mobile Companion Pre-paid Cards To Underserved Consumers in ...
The Alliance’s secretariat works closely with member governments, companies and other global organizations. According to its website its members are committed to digitizing payments in order to boost efficiency, transparency, women’s economic participation and financial inclusion , helping build economies that are digital and inclusive.
The Bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion. [5] It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration [6] during the 2011 Global Policy Forum held in Mexico.
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