Launched at the 10th AFI Global Policy Forum (GPF) in Sochi, Russia, in September 2018, ECAPI aims to resolve regional challenges and elevate the voice of Eastern European and Central Asian (EECA) nations on key financial inclusion policy issues.
ECAPI members work closely to improve the availability and quality of financial services across the region, protect consumer rights and financial markets, and strengthen financial literacy focusing on digital financial literacy and wider understanding of digital financial services and FinTech solutions in the region. Members exchange best practices and harmonize approaches in the areas of digital financial services (DFS), financial technology (FinTech), consumer protection, financial literacy and education.
In 2020, AFI opened its European Representative Office in Luxembourg co-hosted by the Ministry of Finance and the Ministry of Foreign and European Affairs of Luxembourg. One of the ERO;s role is to bring the ECAP members closer to the developed countries financial regulators, link them to the standard setting bodies and elevate AFI services using the 3D tools.
While the EECA has witnessed significant advancements in financial access in recent years, at least tens of million people remain excluded from formal banking. Through the activities implemented in ECAPI, the member institutions are planning to:
ECAPI activities are implemented and coordinated through the following mechanism:
AFI Management Unit coordinates the organization of the meetings of Leaders’ and those of the EGFIP.