September 26th, 2018

Estimated 40 million people could stand to access formal financial services through Islamic Finance

The 2017 Global Findex reveals that religious belief is one of the top 10 reasons for financial exclusion, attributing to 6 percent of the statistics — a small percentage. However, Islamic finance could potentially address one of the impediments of financial inclusion and bring approximately 40 million individuals or more into the formal…

September 20th, 2018

Congratulations to Fletcher Fellow Graduates from the AFI network!

AFI is proud to recognize thirteen Fellows from AFI member institutions, who graduated from the Fletcher School Leadership Program for Financial Inclusion (FLPFI) on 5 September, 2018 at the Omega Sochi Hotel in Sochi, Russia. The graduation ceremony took place in the presence of alumni and other friends of the program.

The year-long program is designed for financial…

August 2nd, 2018

AML/CFT regulations for Mobile Financial Services (MFS): Policy options for Bangladesh

Bangladesh is playing a flagship role in leveraging mobile financial services to provide access to formal financial services to vulnerable segments of the society such as the rural poor, women and Forcibly Displaced Persons (FDPs). As of June 2018, there are more than 800,000 agents, with 6.5 million daily transactions in volume and USD 131 million in…

July 13th, 2018

Investing in financial literacy of youth today for sustainable financial inclusion tomorrow

Ever wondered why more than 80 countries worldwide have dedicated national programs to enhance financial literacy for children and youth? And why National Strategies for Financial Education all around the world identify youth as one of the main target groups for their coordinated approach to enhance financial capability of the populations? Read on for…

June 28th, 2018

Peer learning & knowledge exchange among AFI members: Transforming market conduct to enhance consumer protection

As part of a grant offered by AFI, the Ministry of Finance (MoF) of Swaziland conducted a Learning Exchange Program on consumer protection and financial literacy with the Bank of Ghana (BoG). The objective of the program was to learn from BoG on relevant legislative and regulatory frameworks, complaints and disputes resolution…

June 23rd, 2018

Financial inclusion of Forcibly Displaced Persons (FDPs): What is the role of FinTech? Community empowerment, blockchain and financial inclusion: The Rohingya Project approach

By Muhammad Noor, Managing Director & Founder, The Rohingya Project 

The Rohingya are a stateless people.  Being stateless means lacking the basic elements of identity.  These include a passport to travel, or a national identity card to open a bank account…

June 22nd, 2018

Advancing the financial inclusion of refugees through an inclusive market system approach

Improving livelihoods through economic and financial inclusion is a key component of achieving protection and long-term solutions for the refugee situation. Economic inclusion contributes to the self-reliance and resilience of refugees and other forcibly displaced persons, empowering them to meet their needs in a safe, sustainable and dignified manner,…

June 20th, 2018

To mark World Refugee Day on 20 June, AFI members shed light on their efforts in innovating responsibility sharing, partnerships, and policy actions to advance the financial inclusion of FDPs.  These proactive policy approaches being implemented by emerging economy financial regulators show what is possible even within the context of compliance with global standards and other constraints such as an underdeveloped financial infrastructure. …

June 19th, 2018

AFI member stories - Asia: Best practices in financial inclusion of FDPs
To mark World Refugee Day on 20 June, AFI members shed light on their efforts in innovating responsibility sharing, partnerships, and policy actions to advance the financial inclusion of FDPs.  These proactive policy approaches being implemented by emerging economy financial regulators show what is possible even within the context of compliance with global standards…

June 18th, 2018

Why financial regulators are vital in the global forced displacement crisis

Last year on World Refugee Day, we highlighted that an important aspect of forced displacement is the challenge of providing fast, efficient, and sustainable delivery of financial services and products to Forcibly Displaced Persons (FDPs) who include refugees, Internally Displaced Persons (IDPs), and asylum seekers. One year later, this still holds true as the scale…