WORKING GROUPS AND REGIONAL INITIATIVES REPORT 2020
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FEEDBACK FROM AFI MEMBERS “AFI has provided the platform in bringing regulators together for highlighting challenges, possible solutions and acting as bridge between the member countries and SSBs. We are very fortunate that we are part of this wonderful platform.” Sayed Mohsin Sadaat, GSPWG Co-Chair, Da Afghanistan Bank
AFI conducts an annual Member Needs Assessment (MNA) survey to assess the awareness, usage and satisfaction of its members from central banks, government ministries, and other financial policymaking institutions - from over 80 emerging markets and developing countries, with regards to the services that AFI provides. The MNA is used to gauge members’ current priorities and guides AFI’s decisions on the services and thematic areas to focus on. MNA 2020 continues to show positive and encouraging results. AFI members’ overall satisfaction reaches 86 percent, with the majority in agreement that AFI is viewed as a platform for peer-learning, knowledge exchange and a source of guidance for policymaking. We see the relevance of the latter, as 69 percent of members agree that AFI contributes to policy and regulatory changes under their jurisdictions. Members also clearly approve of the implementation of the
AFI Phase III Strategy, with 89 percent indicating satisfaction with the Technical Support assistance extended through AFI’s In-Country Implementation support. Working Groups and Peer-Learning opportunities scored 78 percent and 76 percent, respectively. Majority of the members agree that AFI WGs are an effective mechanism for knowledge generation, with relevant publications being actively used within their institutions.
DFS was the top priority area in MNA 2020, followed by FinTech/RegTech and CEMC. This is evidence that crosscutting thematic areas are showing greater importance year on year. Emerging topics of interest to members include Central Bank Digital Currencies (CBDC) and digital identity solutions for disadvantaged groups (e-ID), with the latter
Bhutanese couple using digital technology, Bhutan. (Photo by Image Professionals GmbH/Alamy Stock Photo)
