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AFI ANNUAL REPORT 2020
STRATEGIC OBJECTIVE 1 GUIDANCE FOR DEVISING FINANCIAL INCLUSION POLICIES ACHIEVEMENTS
AFI continued to support members’ financial inclusion goals by providing practical guidance in developing financial inclusion policies and regulations, including devising policy and regulatory responses to address the impact of COVID-19 on financial inclusion in members’ countries. Since AFI’s establishment in 2009, over 800 policy changes were implemented by 99 member institutions, of which 137 were implemented in 2020. In 2020, AFI produced a total of 37 knowledge products including: > 9 Case Studies > 5 Special Reports > 4 Regional Policy Frameworks > 4 Guideline Notes > 4 Survey Reports > 2 Policy Models > 2 Frameworks
KEY ENABLERS 1. WORKING GROUPS Although the COVID-19 pandemic impacted AFI’s ability to hold Working Group meetings physically, AFI re-oriented the engagement of the Working Groups into virtual meetings to ensure that they continued to generate member-based content that is critical to policy reforms in the network. In 2020, the high impact policy lessons documented by the Working Groups culminated in two more financial inclusion policy models or guidance by AFI members at the AGM. The following policy models were aligned to international good practices and codified members’ experiences as evidence in the effective implementation of the respective thematic policy area: > Policy Model for National Financial Inclusion Strategy developed by AFI’s Financial Inclusion Strategy Peer Learning Group to provide members with guidance and benchmark on tried and tested approaches for the development and implementation of their respective National Financial Inclusion Strategy (NFIS) and serve as a user-friendly structured roadmap which members and stakeholders can use to guide the process of drafting a new NFIS or upgrading an existing NFIS. > Policy Model for Consumer Protection for Digital Financial Services developed by AFI’s Consumer Empowerment and Market Conduct Working Group and Digital Financial Services Working Group aims to guide members in improving consumer protection policy frameworks for digital financial services as well as in developing a baseline on regulatory frameworks on consumer protection for digital financial services within the AFI network.
> 1 Regulatory Guideline > 1 Policy Guidance Note > 1 Toolkit > 1 Member Series > 1 Reflection Paper > 1 Dialogue Paper > 1 Workshop Report The knowledge products also included additional guidance to address members’ emerging needs to devise and implement policy responses to address the impact of COVID-19 during 2020.
Policy Model for National Financial Inclusion Strategy
Policy Model for Consumer Protection for Digital Financial Services
