February 28th, 2018

Deepening connections between Bhutan and India through cross-border payments

Did you know that India accounts for over 86 percent of Bhutan’s total trade? The 2016 record[1] reveals a total of Nu.32.05 Billion (approx. $482 Million) of exports and around Nu.55.28 Billion (approx. $859 Million) of imports, to and from India respectively. Besides the rise in trade, tourism between Bhutan and India have increased every year. In 2017, tourists…

January 29th, 2018

Measuring progress and progress in measuring: Reflections from 10 years of bringing smart policies to life with Prof Thorsten Beck

“Champions for financial inclusion are extremely important, it is easier to push the agenda forward with them.” – Prof Thorsten Beck

AFI had the honour of hosting Professor Thorsten Beck in its Kuala Lumpur headquarters to reflect about the 10-year journey of bringing smart policies to life, and evolution…

January 25th, 2018

Top 5 financial inclusion publications to skyrocket policymaking

As we gear up for a busy 2018, here’s a compilation of our five most popular publications that were added to the AFI publications library last year. Take a moment to get caught up on the major topics in financial inclusion and research produced in 2017. 

#1 Financial Inclusion of Forcibly Displaced Persons: Perspectives of Financial Regulators

One of the most…

January 12th, 2018

Bank Al-Maghrib: Fulfilling our Maya Declaration Commitments

Did you know that Morocco’s banking rate went up by 70 percent in 2016 after staying dormant at 25 percent in the last 10 years?

Financial inclusion is instituted as a strong commitment of Bank Al-Maghrib since 2007, making it a key objective and one of the main vehicles of a global strategy for the financial sector development by 2020. The Bank Al-Maghrib achieved its…

January 10th, 2018

Five trailblazing DFS and FinTech regulatory trends not to miss in 2018

2018 is set to be an innovative year for regulators and policymakers!  

Innovative, technology-based financial services hold untapped potential for financial inclusion. Due to rapid growth and ensuing complexity of digital ecosystems, regulators will focus on building their capacities because learning is key to better regulation. Increasing number of regulators…

December 27th, 2017

Gender and financial inclusion in the Philippines

In many developing countries, women are significantly less financially included than men. The Philippines presents an interesting case because not only that the country has more women with formal accounts than men, it is also the country with the largest gender gap in favor of women. What are the reasons for the reverse gender gap? What is Bangko Sentral ng Pilipinas (BSP) doing to build a…

December 8th, 2017

Economic transformation through financial inclusion: Building the pillars of Bhutan’s National Financial Inclusion Strategy

Financial inclusion is now recognized as an important policy goal for sustainable poverty reduction and inclusive growth. In Bhutan, financial inclusion is regarded a fundamental and  essential prerequisite for achieving economic transformation for equitable and harmonious development.

In pursuing Bhutan’s…

November 27th, 2017

AFI network recognizes urgency to scale up climate finance, driving strong message from COP23

Continuing the momentum on climate finance, this year’s COP23 in Bonn concluded late last week with a comprehensive list of climate action pledges and initiatives. Some of the key positive outcomes include the following:

The global value of Green Bonds reached US$100 billion for the first time Bloomberg pledged US$50 million to move…

November 14th, 2017

Climate resilience takes spotlight in AFI, reflecting global discussion at UN Climate Change Conference

This year’s UNFCCC Conference of the Parties (COP23) in Bonn, Germany is progressing with strong calls for countries to hold to the path of the Paris Agreement — a global effort that the Alliance for Financial Inclusion (AFI) is contributing to, with focus on financial inclusion, climate change and green finance.

Now ratified by…

November 7th, 2017

#AFIStories: Advancing women’s financial inclusion in Bangladesh & Solomon Islands

Significant progress has been made to improve access to finance for women, especially women entrepreneurs, by leveraging on MSME finance policies and other policy initiatives. Take a look at two case studies below that highlight challenges, opportunities and lessons learned in advancing women’s financial inclusion.

Leverage on MSME finance policies…