11 November 2016
Among the highlights of the 2016 AFI Global Policy Forum was the announcement of new Maya Commitments for greater financial inclusion. AFI institutions are now following up with specific details about their announcements and the Central Bank of Jordan has provided details on what they aim to achieve.
Central Bank of Jordan has set a national goal of increasing financial inclusion to 36.60 percent of the adult population by 2020 from the current level of 24.6 percent (as indicated in the 2015 Findex study) and to reduce the gender gap in the Kingdom to 35 percent from 53 percent over the same time.
To achieve this the central bank detailed nine specific targets under the Maya Declaration, which have been communicated to AFI. The targets include:
These ambitious targets represent a bold and definitive statement from the Central Bank of Jordan about its belief in the power and the importance of financial inclusion policy for the future development of the country.
Jordan’s commitments will be included in AFI’s Data Portal where their progress and achievements will be tracked, shared and celebrated throughout the AFI Network.
Central Bank of Jordan is a recent addition to AFI, having only joined the Alliance in April of 2016, however it has quickly established itself as a regional leader for financial inclusion policy, and a valuable addition to AFI’s network.