July 7th, 2020

Mexico’s new accounting facility supports MSMEs

By Luis José Arredondo Heredia, General Director of Supervision of Savings and Loan Cooperatives, CNBV

Responding to the growing economic uncertainties amid COVID-19 restrictions, Mexico’s Comisión Nacional Bancaria y de Valores (CNBV) recently launched a special accounting standard that allows financial intermediaries, such as banks, financial cooperatives, popular finance companies…

July 6th, 2020

Empowering women via the G.R.I.D. Framework

By Helen Walbey, AFI Head Gender Inclusive Finance & Adeyemi Omotoso, Policy Specialist, FInTech, AFI

The financial inclusion gender gap of nine percent stubbornly persists in developing countries and nearly a billion women, globally, remain financially excluded. Ongoing barriers that led to this range from socio-cultural factors, lack of gender sensitive policies, limited ownership of…

July 5th, 2020

Jordan quick to shield MSMEs amid COVID-19 downturn

By Waleed Samarah, Central Bank of Jordan

Since the early onset of the global pandemic, Central Bank of Jordan (CBJ) has adopted ongoing preventive and supportive measures aimed at containing the negative repercussions of COVID-19 on the local economy. Furthermore, the central bank has facilitated the use of digital channels in financial transactions to help limit the spread of…

June 27th, 2020

Financial literacy helps business stay open 

By Saiyad Hussain, Acting Chief Executive Office, Fiji Development Bank

Thanks to innovative thinking and financial literacy skills of entrepreneur Meena Gounden, award-winning Gopal’s Poultry Farm in Coqeloa, Labasa is weathering the COVID-19 pandemic crisis by staying open for business.

Meena is already thinking of ways to improve her business resilience by making plans for the “…

June 26th, 2020

Impacts of COVID-19 on women and MSMEs in Zimbabwe

By Samuel Tarinda, Gender Researcher & Deputy Director in the Economic Policy & Research Division, Reserve Bank of Zimbabwe

The COVID-19 pandemic has shaken all the countries of the world, almost instantaneously within the first quarter of 2020. In Zimbabwe, like in many other countries, we are beginning to observe some channels through which COVID-19 has, and will have,…

June 23rd, 2020

Can NFIS reach forcibly displaced persons?

By Micol Pistelli, Senior Financial Inclusion Coordinator, UNHCR and Mariam Jemila Zahari, Policy Analyst, AFI

Forcibly displaced persons (FDPs) must be incorporated into national financial inclusion strategies (NFISs), recognizing their special circumstances and legal status as an important deliberate step towards fully inclusive financial sectors.

According to the United Nations…

June 20th, 2020

Forced Displacement and COVID-19: Why Financial Inclusion Matters

By Dr. Alfred Hannig, Executive Director, AFI and Linnea Kreibohm, Senior Policy Officer, German Federal Ministry for Economic Cooperation and Development

Today, on World Refugee Day, we are reminded that the number of those forcibly displaced remains at a record high. Nearly 80 million stateless people, refugees, internally displaced persons (IDPs) and other forcibly…

June 12th, 2020

Inclusive green finance as a mechanism for social inclusion

By Dr. Margarita Hernández
Superintendenta de la Superintendencia de la Economía Popular y Solidaria de Ecuador

In collaboration with:

Carmen Merino, Analyst of Resolution Mechanisms; and

Carmen Iriarte, Computer Analyst for Strengthening and Resolution Mechanisms

The COVID-19 pandemic posed major social and economic challenges worldwide and more…

June 12th, 2020

COVID-19 response: lessons from digital platforms, BigTechs

By Ghiyazuddin Mohammad, Senior Policy Manager, Digital Financial Services and Adeyemi Omotoso, Policy Specialist, FinTech, AFI

Buoyed by ongoing physical distancing and mobility restrictions, BigTech firms and digital platforms have become one-stop shops that are helping mitigate the negative effects of the COVID-19 crisis by meeting users’ financial and non-financial needs…

June 5th, 2020

When nature is part of financial inclusion

By Majidah Hashim, Communications, AFI

Every time a baby girl is born in the village of Piplantri, the villagers celebrate by coming together and planting 111 trees in her name. Since the initiative started in 2006, the village, located in the Rajsamand district of Rajasthan, India, which was once arid and dry, has transformed into a lush green oasis with almost half a million trees planted…