AFI members mitigate Covid-19 with policy responses

April 3rd, 2020

AFI members mitigate Covid-19 with policy responses

AFI member institutions are taking immediate action to ease the financial burdens faced by individuals and small businesses as economic activity decelerates amid the global coronavirus outbreak.

Eighty member institutions are supporting the users and providers of financial services through measures including stimulus packages, loan restructuring and fiscal policy changes, as of…

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AFI’s Hannig announces Covid-19 policy response

April 1st, 2020

AFI’s Hannig announces Covid-19 policy response

AFI has launched the AFI COVID-19 Policy Response, a comprehensive set of quick, needs-based, highly practical and high-impact interventions that will enable the implementation of rapid response policies and regulations in countries highly impacted by the global economic downturn as a result of the spread of the disease. 

“Financial inclusion is an impactful policy choice to respond to…

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AFI Executive Director talks to Devex on Climate Change & Central Banks

March 31st, 2020

AFI Executive Director talks to Devex on Climate Change & Central Banks

By Dr. Alfred Hannig, AFI Executive Director 

Central banks tend not to be seen as innovative climate change pioneers, but as extreme weather events continue to undermine economic stability, real change is afoot.

In the global south — where populations tend to be the most exposed and least equipped to cope with the ongoing climate emergency —…

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PIRI publishes Pacific Regional Regulatory Sandbox Guidelines

March 29th, 2020

PIRI publishes Pacific Regional Regulatory Sandbox Guidelines

AFI’s Pacific Islands Regional Initiative (PIRI) has published its landmark Pacific Regional Regulatory Sandbox Guidelines, a marker aimed to help not only the Pacific but also other regions looking to encourage innovative financial technology (FinTech) solutions that foster greater financial inclusion.

Seven central banks in the PIRI region produced the guidelines: Banco…

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PIRI members hold first virtual meeting

March 26th, 2020

PIRI members hold first virtual meeting

AFI’s Pacific Islands Regional Initiative (PIRI) held its first-ever virtual meeting with Experts Group on Financial Inclusion Policy (EGFIP) and technical subgroup members on 26 March to discuss various deliverables, including the Pacific Regional Regulatory Sandbox.

Stringent global travel and movement restrictions amid the ongoing coronavirus outbreak resulted in the meeting being conducted…

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Executive Director: AFI Business Continuity Management

March 18th, 2020

Executive Director: AFI Business Continuity Management

Malaysia is starting a two-week interruption of non-essential activities from 18 March until 31 March, as part of the Government’s efforts to stop the spread of the Covid-19 Virus. Our staff is complying with all requirements, following the announcement of the Movement Control Order by the Malaysian Prime Minister Tan Sri Muhyiddin Yassin, late on Monday, 16…

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AFI working group leaders launch video meetings

March 11th, 2020

AFI working group leaders launch video meetings

Leaders from AFI’s working groups took part in the Alliance’s first-ever global web-based video conferencing event on 10 March, after the AFI Management Unit cancelled a series of upcoming events due to the spread of COVID-19.

AFI Deputy Executive Director Norbert Mumba opened the AFI Working Group Leaders 2020 Virtual Meeting by emphasizing the importance of harnessing new technologies…

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Executive Director: Cancellation of 13 events and alternative mode of delivery

March 5th, 2020

Executive Director: Cancellation of 13 events and alternative mode of delivery

World Health Organization (WHO) declared the spread of the coronavirus disease (COVID-19) a global emergency, which has affected about 70 countries so far. These developments have impelled AFI Management Unit to cancel all events scheduled between 9 March 2020 and 22 May 2020 to ensure health and safety of our members and staff. The…

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BNM, AFI, World Bank end SME seminar

February 28th, 2020

A four-day peer learning seminar ended on 27 February with participants using their learnings to identify the key components needed to create strategies towards building sustainable finance ecosystems for small and medium enterprises (SMEs).

The capacity building event, the first-ever co-organized by Bank Negara Malaysia (BNM), World Bank and AFI, focused on four main topics relating to SME finance: SME ecosystems, credit…

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IMF MD Georgieva, AFI ED expanding collaboration

February 27th, 2020

IMF MD Georgieva, AFI ED expanding collaboration

Inclusive financial technology (FinTech), gender and green finance were top of the agenda during a bilateral meeting between International Monetary Fund (IMF) Managing Director Kristalina Georgieva and AFI Executive Director Dr. Alfred Hannig.

Georgieva welcomed Dr. Hannig at IMF’s headquarters on 27 February in Washington, D.C. to explore avenues that expand cooperation between the…

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