AFI member institutions Banco Central de Reserva (BCR) and Superintendencia del Sistema Financiero (SSF) of El Salvador have jointly made a Maya Declaration Commitment.

The announcement highlights the importance of the promotion of policies aimed at increasing financial inclusion in the central American nation.

To foster the access and usage of financial services during the 2013-2015 period, the member institutions intend to:

• Issue regulations related to mobile financial services;
• Develop a strategy to foster financial education to the population traditionally underserved by the banking system;
• Prepare studies and other actions that allow the development of micro insurance, micro savings, microcredit and micro pensions;
• Define follow-up indicators capable of measuring the progress of financial inclusion.