Financial Inclusion Initiative for Latin America and the Caribbean (FILAC)

Financial Inclusion Initiative for Latin America and the Caribbean (FILAC)

FILAC is a regional initiative that aims to promote inclusive growth and poverty reduction through sustainable financial inclusion policies. This first-of-a-kind regional financial inclusion platform in Latin America and the Caribbean (LAC) leverages the collective expertise and knowledge of financial policymakers, regulators and partners.

Launched in 2016 with support from Canada’s International Development Research Center (IDRC), it aims to be a regional driving force for the advancement of financial inclusion.

From its regional office, FILAC works to meet the needs of its members in the LAC region.

12
Active member institutions
11
Countries
99
Policy changes
13
Knowledge products
174
Maya Declaration commitments
5
Leaders’ Roundtable
8
EGFIP Meetings
8
Capacity Building
Workshops
11
Peer Review

Leaders

Chair

Banque de la République d’Haïti

Co Chair

Superintendencia de Bancos del Ecuador

With a heavy gender focus, FILAC focuses on the below policy areas:

  • Financial Inclusion Data
  • Digital Financial Services (DFS)
  • Financial Literacy & Consumer Protection
  • Inclusive Green Finance
  • Financial Inclusion and Financial Education Strategy

 

  • Contribute to the formulation of financial inclusion policies that address regional challenges;
  • Propose policies and regulatory approaches to deepen financial inclusion in Latin-America and the Caribbean;
  • Elevate regional voice on key financial inclusion policy issues from Latin-America and the Caribbean;
  • Share regional financial inclusion lessons with the wider AFI network;
  • Facilitate high-level discussions among Leaders to provide strategic guidance to address the financial inclusion challenges of Latin-America and the Caribbean; and
  • Enhance in-country implementation of financial inclusion policies in Latin-America and the Caribbean.

 

FILAC is part of the AFI network and any AFI member institution in Latin America and the Caribbean can participate in FILAC activities. FILAC operates under a governance structure consisting of the leaders’ roundtable and EGFIP. The chair serves for a two-year term and is replaced by the vice-chair at the end of the term. A new vice-chair is then elected.

 

FILAC activities are implemented and coordinated through the following mechanism:

  • FILAC LEADERS’ ROUNDTABLE
    FILAC Leaders, high-level policymakers and regulators, meet at annual roundtable to discuss policy issues and provide strategic guidance. They also meet on the sidelines of the AFI Global Policy Forum to discuss other urgent matters.
  • FILAC CHAIR AND VICE-CHAIR
    The Chair and Vice-chair provide leadership and guidance to the Expert Group to ensure a smooth and successful implementation of the activities. He or She represents FILAC in its relations with Governments and other entities.
  • EXPERT GROUP ON FINANCIAL INCLUSION POLICY (EGFIP)
    Group of senior officials from AFI member that undertakes the technical implementation of FILAC activities such as:
    (a) Identify and develop key activities (Work Plan) to address pertinent regional or sub-regional challenges of enhancing financial inclusion;
    (b) Seek approval of the FILAC leaders’ Roundtable on the Work Plan;
    (c) Make recommendations on policy or regulatory guidance to address the challenges of enhancing financial inclusion in Latin-America and the Caribbean;
    (d) Report the progress of the implementation of the FILAC Work Plan to the Leaders’ Roundtable; and
    (e) Liaise with AFI Management Unit for technical or operational support in the implementation of the FILAC Workplan.

AFI Management Unit coordinates the organization of the meetings of Leaders’ and those of the EGFIP.

 

  • Central Bank of the Bahamas
  • Superintendencia General de Entidades Financieras de Costa Rica (SUGEF)
  • Superintendencia de Bancos del Ecuador
  • Superintendencia de la Economía Popular y Solidaria de Ecuador
  • Banco Central de Reserva de El Salvador
  • Banque de la République d’Haiti
  • Comisión Nacional de Bancos y Seguros de Honduras
  • Comisión Nacional Bancaria y de Valores de México (CNBV)
  • Banco Central del Paraguay
  • Superintendencia de Banca, Seguros y AFP del Perú
  • Superintendencia de Bancos de República Dominicana

 

  • 5 FILAC Leaders’ Roundtables.
  • 11 capacity building workshops.
  • Facilitation of 11 peer reviews.
  • An AFI Regional Office will be established to strengthen the institutionalization of FILAC and support regional efforts.
  • Special Report: The Digital Financial Services Ecosystem in Latin America and the Caribbean.
  • Case Study: Financial Education in Latin America and the Caribbean

 

© Alliance for Financial Inclusion 2009-2021