The Alliance for Financial Inclusion (AFI), a Thailand-based network of policymakers that works towards increasing access to financial services for poor people, concluded its Global Policy Forum in Mexico recently with representatives of central banks and financial regulators from developing countries signing the Maya Declaration on Financial Inclusion [1]. The declaration commits the signatories to: (1) institute a financial inclusion policy that includes the uses of innovative technology to lower the cost of financial services; (2) implement a regulatory framework to promote financial inclusion, stability and integrity; (3) recognize consumer protection and empowerment as key to financial inclusion; and (4) support their financial inclusion policy by collecting and analyzing data on access to financial services [2].
To view the text of the Maya declaration, you may visit: http://www.afi-global.org/sites/default/files/MayaDeclaration_30Sep2011.pdf?op=Download
By Nisha Koul, Research Associate
About Alliance for Financial Inclusion (AFI): The Alliance for Financial Inclusion (AFI) is a Thailand-based network of financial policymakers from developing and emerging economies that aims to increase access to financial services for poor people. AFI uses a “peer-to-peer” model that enables member institutions to share knowledge and identify policy solutions for their home countries. AFI also provides grants to members to help support policy implementation. As of 2011, AFI reports having member institutions representing approximately 70 countries.
Sources and Additional Resources
[1] Alliance for Financial Inclusion, “Maya Declaration Urges Financial Inclusion for World’s Unbanked Populations,” http://www.afi-global.org/news-and-press/press-releases/maya-declaration-urges-financial-inclusion-worlds-unbanked-populations
[2] Alliance for Financial Inclusion Publications, “Maya Declaration on Financial Inclusion,” http://www.afi-global.org/sites/default/files/MayaDeclaration_30Sep2011.pdf?op=Download
MicroCapital.org story, September 29, 2011, “MICROCAPITAL BRIEF: In Center for Financial Inclusion (CFI) Report, “Opportunities and Obstacles to Financial Inclusion,” Microfinance Stakeholders Cite Financial Education as Top Need,” https://www.microcapital.org/microcapital-brief-in-center-for-financial-inclusion-cfi-report-%e2%80%9copportunities-and-obstacles-to-financial-inclusion%e2%80%9d-microfinance-stakeholders-cite-financial-education-as-top-need/
MicroCapital.org story, September 20, 2011, “MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Launches Interactive “Africa Map of Financial Inclusion for the Poor” With Funding From Canada’s MasterCard Foundation,” https://www.microcapital.org/microcapital-brief-microfinance-information-exchange-mix-launches-interactive-%e2%80%9cafrica-map-of-financial-inclusion-for-the-poor%e2%80%9d-with-funding-from-canada%e2%80%99s-mastercard-foundati/
MicroCapital Universe Profile: Alliance for Financial Inclusion, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Alliance+For+Financial+Inclusion
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/
Similar Posts:
- MICROFINANCE PAPER WRAP-UP: “Driving Digital Financial Services in Africa Through Merchant Acceptance of Digital Payments,” published by Alliance for Financial Inclusion (AFI)
- MICROCAPITAL BRIEF: G20, SME Finance Forum Showcase Digital Finance Solutions for MSMEs Via Online Database, Seek Submissions
- MICROFINANCE PAPER WRAP-UP: “Mobile Money, Interoperability and Financial Inclusion;” by Markus K Brunnermeier et al; published by National Bureau of Economic Research (NBER)
- SPECIAL REPORT: Financial Inclusion of Forcibly Displaced Persons (FDPs), Host Communities Results in Competitive PAR Ratios #EMW2023
- MICROCAPITAL BRIEF: Women’s World Banking Offering 5-month Leadership Program for Regulators
