November 12th, 2019

It’s a match! Why FRC Mongolia wants to pair green finance with DFS

Mongolia is embarking on a quiet revolution. Despite the challenges of a tough and sparse terrain, the landlocked country has achieved near-universal financial inclusion and a rare negative gender gap in account ownership. Never resting on its laurels, it is onto the next big thing: green finance.

Amid efforts to pursue a low-carbon economy, the country’s top…

November 6th, 2019

E-money policy model launch reveals rigorous policy shaping process

At the 2019 AFI Annual General Meeting (AGM), member institutions unanimously ratified the network’s first policy model on electronic money (e-money), designed to support the development of an enabling environment for e-money.

The policy model is essentially a codification of various approaches, key lessons and best practices from across AFI’s diverse network. It…

September 27th, 2019

SME finance as seen by regulators: focus on Sub-Saharan Africa

A sound, progressive micro, small and medium enterprise (MSME) sector is critical to balanced, inclusive economic growth. According to the International Labour Organization, MSMEs create 67 percent of global employment, yet MSMEs have the potential to assume an even greater role in economies.

Access to financing is crucial for MSMEs to attain their potential. With…

September 9th, 2019

Rwanda’s agaseke baskets hold promise for financial inclusion

Lining the entrance of the Kigali Convention Centre are three large baskets, known as agaseke in Rwanda’s official language of Kinyarwanda. Standing up to two meters tall and streaked in the national colors of green, yellow and blue, these symbols of the country’s rich cultural heritage tower over most of the delegates arriving for the 2019 AFI Global Policy Forum (GPF).

September 4th, 2019

Using customer-centric data for smarter financial inclusion policies

How can we use financial inclusion data on customers more effectively to bring smart policies to life? insight2impact has been working with AFI’s financial inclusion data (FID) working group to develop a client-centred approach to measure the success of financial inclusion initiatives.

While financial inclusion is typically measured by account uptake rates,…

July 16th, 2019

Inclusive Green Finance – a piece of the SDG puzzle

AFI members are supporting efforts to achieve the Sustainable Development Goals (SGDs) by exploring and implementing policies under Inclusive Green Finance that advance financial inclusion among the most vulnerable to build resilience and enable mitigation to climate change.

World leaders are in New York this week to discuss if we are on track to meet the 17 SDGs. Under the theme “…

July 10th, 2019

Youth crucial to Rwanda’s success and upcoming GPF

The National Bank of Rwanda (BNR) is hosting this year’s AFI Global Policy Forum (GPF). Deputy Governor Dr Monique Nsanzabaganwa recently sat down with the Alliance to discuss its key themes and her hopes for the flagship event.

Deputy Governor Dr. Monique Nsanzabaganwa, National Bank of Rwanda

In just two months’ time, the BNR will be centerstage as it co-hosts the 2019…

July 3rd, 2019

Rwanda’s gender trailblazers inspire future female leaders

Women holding top management posts at central banks remains a rare occurrence, unless you are referring to the National Bank of Rwanda (BNR) where 50 percent of board positions belong to females. Most senior of these is Deputy Governor Dr. Monique Nsanzabaganwa, who recently sat down with the AFI to discuss her institution’s successes in promoting gender equality and hosting the…

June 18th, 2019

The 4P Framework of Inclusive Green Finance: Policy responses to climate change

In late 2018, hundreds of thousands of “yellow vests” took to the streets of France to protest a fuel tax hike aimed at cutting carbon emissions. While some argued the increase was a reasonable step taken by a country at the forefront of climate action, the protesters claimed that France’s low-income population would be hardest hit. Demonstrations continue to…

June 13th, 2019

How financial sector strategies are addressing inclusive green finance

Many central bank members of the Alliance Financial Inclusion (AFI) are increasingly considering inclusive green finance at the national strategic level, reflecting a recognition that addressing climate change falls within their mandates to ensure financial sector stability and promote economic development.

In AFI’s latest report, “Inclusive Green Finance: A…