The Alliance for Financial Inclusion (AFI), a network of financial policymakers from developing and emerging economies, announced at its recent annual 2014 Global Policy Forum in Port of Spain, Trinidad and Tobago, that in collaboration with Bank Negara Malaysia (BNM), Malaysia’s central bank, AFI will shift its headquarters from Bangkok, Thailand, to Kuala Lumpur, Malaysia, in January 2015.
AFI also announced that Omidyar Network, a US-based charitable investment firm, has agreed to donate an unspecified amount of money to AFI.
As of 2014, AFI’s 120 member institutions represent approximately 95 countries. As of December 2013, Omidyar Network reported total assets of USD 413 million.
By Tejas Jain, Research Associate
About Alliance for Financial Inclusion (AFI)
The Alliance for Financial Inclusion (AFI), founded in 2008, is a 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 2014, AFI’s 120 member institutions represent approximately 95 countries. As of 2014, AFI is in the process of moving its offices from Thailand to Malaysia.
About Bank Negara Malaysia
Bank Negara Malaysa (BNM), the central bank of Malaysia, was established on 26 January 1959 under the Central Bank of Malaysia Act 1958 (CBA 1958) and is now governed by the Central Bank of Malaysia Act 2009. BNM conducts the country’s monetary policy, seeks to ensure the stability of the financial system and promotes financial inclusion.
About Omidyar Network
Founded in the US in 2004, Omidyar Network is a firm that provides investments and grants to “socially responsible” organizations in the areas of microfinance, entrepreneurship, property rights, social media, marketplaces and government transparency. Omidyar invests in organizations that are aligned with its goals and “have potential for large-scale impact, have proven leadership, and exemplify innovation.” As of December 2013, Omidyar Network reported total assets of USD 413 million.
Sources and Additional Resources:
Alliance for Financial Inclusion (AFI), AFI reveals new home in Malaysia and new funding partner with Omidyar
Microfinance Event, July 24, 2014, Alliance for Financial Inclusion (AFI), Central Bank of Trinidad and Tobago Present “2014 AFI Global Policy Forum,” September 9-11, 2014, Port of Spain, Trinidad and Tobago
MicroCapital, April 18, 2013, Alliance for Financial Inclusion Launches African Mobile Phone Financial Services Policy Initiative (AMPI)
MicroCapital, April 25, 2012, “Agent Banking in Latin America,” by the National Banking and Securities Commission (CNBV) of Mexico and Celina Lee, published by the Alliance for Financial Inclusion
MicroCapital, November 30, 2011, Alliance for Financial Inclusion’s Global Policy Forum Concludes with Signing of Maya Declaration on Financial Inclusion
Microcapital Universe Profile: Alliance for Financial Inclusion (AFI)
MicroCapital Universe Profile: Bank Negara Malaysia (BNM)
MicroCapital Universe Profile: Omidyar Network
Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/
Similar Posts:
- MICROCAPITAL BRIEF: G20, SME Finance Forum Showcase Digital Finance Solutions for MSMEs Via Online Database, Seek Submissions
- MICROCAPITAL BRIEF: Women’s World Banking Offering 5-month Leadership Program for Regulators
- 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: Futu Expanding Digital Investment, Financial Education Platform to Malaysia
- MICROCAPITAL BRIEF: Paywatch, Visa to Expand Early Access to Wages, Payment Services in Asia
