AFI members are central banks and other financial regulatory institutions from more than 90 developing countries, where the majority of the world’s unbanked reside. AFI members have pioneered some of the most innovative policy approaches to extending the financial system to the unbanked while balancing safety and stability.
Member institutions set the agenda in the AFI network by choosing the policy solutions to focus on, and the modes of cooperation and knowledge sharing that suit them best.
Institutions interested in joining the AFI Network can contact email@example.com.
National Bank of Cambodia is a member of AFI's Gender and Women’s Financial Inclusion Committee, which was recognised with the Advocacy Champion Award at the 2018 GPF in Sochi, Russia.
SECC regulates the securities industry in Cambodia to contribute to socio-economic development through capital mobilization from public/ securities investors to meet the demand of financing for investors.
CBIRC regulates and supervises banking and insurance institutions in China and their market conduct; to maintain fair competition in the banking and insurance sectors; and to protect the legitimate rights and interests of stakeholders including depositors and insurance policyholders.
The People's Bank of China is the central bank of the People's Republic of China responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by People's Bank Law and Commercial Bank Law.
Bangko Sentral ng Pilipinas is one of AFI's founding members, having joined the network in April 2009.
The Bank of Thailand is the central bank of Thailand. The Bank of Thailand (BOT) was first set up as the Thai National Banking Bureau.
Banco Central de Timor-Leste is the central bank of East Timor located in its capital Dili. BCTL was formally established on 13 September 2011, replacing the Banking and Payments Authority of Timor-Leste and the Central Payments Office. It is responsible for the monetary policy.
The Central Bank of Armenia is the central bank of Armenia with its headquarters in Yerevan. The CBA is an independent institution responsible for issuing all banknotes and coins in the country, overseeing and regulating the banking sector and keeping the government's currency reserves.
In June 2019, National Bank of the Republic of Belarus hosted nearly 50 representatives from central banks and other financial regulators across the region at the ECAPI High-Level Policy Forum in Minsk.
The Agency is a state body, which provides a sufficient level of protection of the rights and legitimate interests of consumers of financial services. It also contributes to the stability of the financial system and the development of the financial market, carries out state regulation, control and supervision of the financial market and financial organizations, as well as other people within their competence.
State Service for Regulation and Supervision of Financial Markets at the Government of Kyrgyz Republic.
The National Bank of the Kyrgyz Republic is the central bank of Kyrgyzstan and is primarily responsible for the strategic monetary policy planning of the country as well as the issuance of the national currency, the Som.
Financial Regulatory Commission of Mongolia is a founding member of ECAPI, AFI's newest regional initiative.
Central Bank of the Russian Federation, also known as Bank of Russia, co-hosted the 2018 GPF at its southern city of Sochi.
The National Bank of Tajikistan is central issuance reserve bank of the Republic of Tajikistan and it is ownership of the Republic of Tajikistan. The National Bank of Tajikistan is underreporting of Majlisi Oli Majlisi Namoyandagon of the Republic of Tajikistan (lower chamber of Parliament).
Banco Central de la República Argentina recently hosted a training event for members in Latin America and the Caribbean to learn about DFS policies and regulations for financial inclusion.
Banca de las Oportunidades is a policy of the National Government of Colombia whose main objective is to promote access to credit and other financial services to the unbanked Colombian population, specially to the low-income families, micro and medium-sized enterprises and entrepreneurs.
Based in San Jose, Superintendencia General de Entidades Financieras de Costa Rica hosted last year's FILAC regional meeting. An active member of the AFI network, the head of the supervisory institution is also on AFI's board of directors.
Joinining AFI in July 2021, The Superintendencia de Bancos de la República Dominicana has the function to carry out he supervision of financial intermediation entities in the Dominican Republic.
In April, Superintendencia de la Economía Popular y Solidaria de Ecuador was among nearly 30 participants attending the FILAC regional meeting in Peru.
The Superintendency of Banks of Ecuador , or SB , is the body in charge of supervising and controlling the entities of the financial system and the national social security system, in order to protect the financial user.
Banco Central de Reserva de El Salvador is Vice-Chair of AFI's Audit Committee and a member of its Gender and Women’s Financial Inclusion Committee.
Banque de la République d'Haiti recently published a case study on digital financial services in the country, as part of AFI's member series. It is chair of AFI's Audit Committee.
Comisión Nacional de Bancos y Seguros de Honduras recently published a case study on competitiveness' chain reaction for financial inclusion.
Comisión Nacional Bancaria y de Valores is one of AFI's founding members, having joined in April 2009.
Banco Central del Paraguay was rated "most engaged" in 2018, having attended two capacity building events under digital financial services, namely, a Peer Advisory Service in Malaysia and Public-Private Dialogue in Mexico.
Superintendencia de Banca, Seguros y AFP del Perú has a focus on digital financial services, proportionate AML/CFT framework as well as consumer protection and market conduct.
Centrale Bank van Suriname attended a joint learning program on in-country implementation and measuring progress of FIS and member training on AML/CFT in 2018.
The Central Bank of The Bahamas is the reserve bank of The Bahamas based in the capital Nassau. The bank was established on 1 June 1974 but traces its origins to the currency board established in 1919. The bank carries out the independent monetary policy and supervision of the financial sector of The Bahamas.
The Central Bank of Trinidad and Tobago is the central bank of Trinidad and Tobago. The Central Bank of Trinidad and Tobago is located in the Eric Williams Financial Complex
Central Bank of Egypt is vice-chair of AFI's Gender and Women’s Financial Inclusion Committee, which recognised with the Advocacy Champion Award at the 2018 GPF in Sochi, Russia. The central bank's governor is on AFI's board of directors.
The Central Bank of Iraq was established in 1947, the same year in which the British occupation of Iraq was ended. CBI's primary objectives are to ensure domestic price stability and foster a stable competitive market based financial system.
The Central Bank of Jordan is the central bank of Jordan whose main duties include the release and distribution of the Jordanian currency and the maintenance of a national reserve of gold and foreign currencies.
Bank Al-Maghrib is due to co-host a Symposium on Green Financial Inclusion in the Arab Region (FIARI) In October 2019.
Palestine Monetary Authority has completed nearly half of its Maya Declaration targets, and is currently progressing commitments to increase the number of women with bank accounts as well as the size of the SME credit portfolio.
The Microfinance Control Authority is a committee with legal personality and financial autonomy, its headquarters are in Tunis. The ACM is independent in the exercise of its functions and benefits from all the prerogatives necessary to carry out the missions assigned to it by virtue of the laws and regulations in force, as well as the prerogatives necessary for the administration of the services it created for this purpose.
Ministère des Finances de la République Tunisienne has as its essential mission the development and implementation of State policy in financial, monetary and fiscal matters.
The Central Bank of Tunisia is the central bank of Tunisia. The bank is located in Tunis and its current governor is Marouane Abassi, who replaced Chedly Ayari on 16 February 2018.
The Central Bank of Yemen is the central bank of Yemen. The Bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion.
Reserve Bank of Fiji recently co-hosted a conference on Smart Policies for Green Financial Inclusion, and authored a case study on outlining the bank's experience with financial inclusion and climate change.
Bank of Papua New Guinea recently announced a string of new Maya Declaration targets and has met its goal of reaching 1 million more unbanked, low-income people in the country, 50 percent of whom are women.
Central Bank of Samoa hosted the 2018 Pacific Islands Regional Initiative (PIRI) Leaders Roundtable.
Central Bank of Seychelles held a FinTech workshop on leveraging FinTech to improve access to financial services and facilitate broader digital transformations in May 2019.
Central Bank of Solomon Islands hosted the 5th Pacific Islands Regional Initiative (PIRI) in June 2019 under the theme of “Advancing Green Finance through Youth Inclusion”.
The National Reserve Bank of Tonga is the central bank of Tonga. The Reserve Bank is responsible for regulating the issue and supply of domestic and international currency, as well as promoting monetary stability and economic development.
Microcredit Regulatory Authority of Bangladesh has made 7 Maya Declaration targets, including pledges to strengthen transparency and accountability through capacity building and greater focus on financial literacy.
Bangladesh Bank has made 50 Maya Declaration targets. Among those completed were increases to the number of female entrepreneurs, agent banking outlets and SME financing in the banking sector. Its governor, Fazle Kabir, is also on AFI's board of directors while the central bank is also a member of the network's Global Standards and Policy Committee.
Insurance Development and Regulatory Authority of Bangladesh is one of four AFI members from Bangladesh. In 2018, the government body for regulating and developing the insurance sector made two Maya Declaration Commitments and was an active participant of the AFI GPF in Sochi, Russia.
The ministry is responsible for state finance, including the state budget, taxation and economic policy in Bangladesh.
Royal Monetary Authority of Bhutan has been instrumental in advancing financial inclusion in the country, including by formulating a National Financial Inclusion Policy and conducting a demand-side and supply-side survey to guide policy intervention. It is currently a member of AFI's Audit Committee.
The Reserve Bank of India is India's central bank and regulatory body under the jurisdiction of Ministry of Finance, Government of India. It is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system.
Maldives Monetary Authority is a principal member that joined AFI in January 2010.
Among its seven Maya Declaration targets, Nepal Rastra Bank will conduct a financial literacy program that targets the country's youth population.<
State Bank of Pakistan recently participated in two capacity building sessions in Malaysia, namely, the peer advisory service and member training.
Banco Nacional de Angola recently attended a Joint Learning Program initiative on Tanzania's National Financial Inclusion Framework as well as member training for person financial management trainers in Portugal.
The Ministry of the Economy and Finance in its current configuration is the result of a regrouping of former ministerial departments responsible in particular for financial resources, Planning and Cooperation and the Budget, and is carrying out a more functional reorganization of services around major economic functions.
Among the most recent events hosted by Banque de la République du Burundi was a workshop held in November 2018 on implementing its National Financial Inclusion Strategy. The central bank has made 14 Maya Declaration Targets, including doubling its financial inclusion rate.
The States of Central Africa perceived very early on the need to control banking activity by committing themselves "to harmonize their policies relating to the exercise of the banking profession, the control of financial institutions as well as the distribution and credit control."
Banque Centrale du Congo has completed half of its Maya Declaration targets including to improve consumer protection regulations.
The Ministry of Economy and Finance of Côte d'Ivoire was founded in 1959 on the eve of the country's accession to independence. Its historical vocation is the management of public finances.
Central Bank of Eswatini recently attended several events focusing on DFS, including a joint learning program in Ghana and PPD events with Mastercard in Guinea and Visa in Jordan.
Ministry of Finance of Eswatini received an AFI Policy Grant to further consumer protection an financial literacy strategies. It contributed to a recent case study on Agricultural Finance Intervention in the country.
The National Bank of Ethiopia is the central bank of Ethiopia. Its headquarters are in the capital city of Addis Ababa.
Bank of Ghana won the Peer Leadership Award at the 2018 GPF for its outstanding contributions to the peer learning process, as well as special recognition for events organized to commemorate AFI's 10th anniversary.
The Ministry of Finance and Economic Planning is the government ministry responsible for the economic and monetary health of Ghana. The Ministry is involved with economic planning, fiscal policy, national accounting, the national budget, and creating an environment for investment and growth.
Banque Centrale de la République de Guinée co-hosted the 6th Annual Leaders Roundtable for the African Regional Policy Initiative (AfPI) in 2018, during which Governor Louncény Nabe was elected as chair of the regional initiative.
Retirement Benefits Authority of Kenya recently took part in a Joint Learning Program initiative on Tanzania's National Financial Inclusion Framework.
Central Bank of Kenya is chair of AFI’s Global Standards and Policy Committee.
Sacco Societies Regulatory Authority (SASRA) Kenya participated in public-private dialogue programs in Jordan and Guinea.
Central Bank of Lesotho is a member of the Gender and Women’s Financial Inclusion Committee, which was recognized with the Advocacy Champion Award at the 2018 GPF in Sochi, Russia.
Central Bank of Liberia recently took part in a number of capacity building events, including a peer advisory service in Nigeria and joint learning program in Ghana.
Banque Centrale de Madagascar is a member of the digital financial services (DFS) working group.
Reserve Bank of Malawi recently took part in numerous capacity building events, including joint learning programs in Armenia (CEMC), Ghana (DFS) and Tanzania (FIS).
The Central Bank of Mauritania is the central bank of Mauritania, in northwest Africa. The bank is located in the capital Nouakchott, just south of the presidential palace.
Banco de Moçambique has completed many of its 19 Maya Declaration targets, including to increase financial inclusion rates 25 percent by 2019.
Bank of Namibia has five Maya Declaration targets. Among those completed is the development of a national financial inclusion strategy.
The Ministry of Finance of Niger is a department of the Government of Niger in charge of public finances of Niger.
Central Bank of Nigeria attended several capacity building events in 2018, including member training in Malaysia on anti-money laundering and counter-financing of terrorism.
The Nigeria Deposit Insurance Corporation was established on 15 June 1988 to strengthen the safety net for the newly liberalized banking sector. The NDIC provides a safety net for depositors in the newly liberalized banking sector.
National Bank of Rwanda is co-hosting the 2019 GPF in Kigali under the theme of "Using Technology for Inclusion of Women and Youth".
Banco Central de São Tomé e Príncipe recently attended member training under AFI's capacity building framework, including on digital financial services in Côte d'Ivoire, Timor-Leste and Guinea.
Bank of Sierra Leone received an AFI policy grant to help establish a financial inclusion unit.
South African Reserve Bank joined AFI in April 2016 and is an associate member.
The National Treasury is one of the departments of the South African government. The Treasury manages national economic policy, prepares the South African government's annual budget and manages the government's finances.
The Central Bank of Sudan is the central bank of Sudan. The bank was formed in 1960, four years after Sudan's independence. It is located in the capital Khartoum.
The Bank of Tanzania is the central bank of the United Republic of Tanzania. It is responsible for issuing the national currency, the Tanzanian shilling. The bank was established under the Bank of Tanzania Act 1965.
Social Security Regulatory Authority regulates and supervises the performance of all social security programs.
Central Bank of The Gambia has taken part in numerous member-driven events, including a joint learning program on financial inclusion strategies in Tanzania and member training on FIS and data programs in Malaysia.
Within the framework of its attributions, the Ministry of the Economy and Finance is in charge of the general orientation of the economic and financial policy of the government and of the management of the State's assets.
The main object of the Authority is to ensure effective administration, supervision, regulation and control of the business of insurance in Uganda.
The Bank of Uganda is the central bank of Uganda. Established in 1966, by Act of Parliament, the bank is wholly owned by the government but is not a government department
The Central Bank of West African States is a central bank serving the eight west African countries which share the common West African CFA franc currency and comprise the West African Economic and Monetary Union.
The Ministry of Finance is charged with the responsibility of economic management to foster sustainable national development.
The principal responsibility of the Bank of Zambia is to create and implement monetary policy that will maintain the economic stability of the country.