9
POLICY AND REGULATORY REFORMS IN THE AFI NETWORK 2019
FINANCIAL INCLUSION DATA Eight reforms related to financial inclusion data and measurement were reported by seven (7) countries. Over the past there years, a total of 24 policy and regulatory reforms have been reported by 17 countries.
HIGHLIGHTS
8
reforms from 7 countries reported in 2019
POLICY TRENDS
24
Since 2017, there were 24 reforms from 17 countries reported
The common theme is the development of sexdisaggregated data frameworks, in line with action point six of the Denarau Action Plan which encourages members to implement policies for collecting, analyzing and using sex-disaggregated data to promote the financial inclusion of women.
major common theme is developing sexdisaggregated data frameworks
REGIONAL TRENDS
ASIA
1
MENA
1
SSA
5
PACIFIC
1
It is worth noting that AFI’s Financial Inclusion Data Working Group produced a Guideline Note in 2016 to encourage and guide policymakers in using Geographic Information System (GIS) mapping technologies to inform financial inclusion policymaking.
More than one-third of Gender Inclusive Finance-related policy changes reported by members related to financial inclusion data and measurement. In 2019, Reserve Bank of Fiji and Bank of Zambia were the latest members to report collection of sex-disaggregated data. To date, seven (7) countries in the AFI network – Egypt, Fiji, Jordan, Bangladesh, Tanzania, Zambia, Paraguay – have reported implementing sex-disaggregated data frameworks. The Central Bank of Nigeria approved a National Geospatial Maps (NSPMaps) Guidelines in 2019. This follows Bank Negara Malaysia reported undertaking a Geo-Spatial Mapping in 2019, with satellite images to identify underserved areas in terms of access to ATMs and physical bank branches.
Digital card payment, Nigeria. (Photo by courage007/Shutterstock)
