18
2021 MAYA DECLARATION PROGRESS REPORT A DECADE-LONG JOURNEY
CROSSCUTTING THEMATIC AREAS
A CALL FOR SYSTEMATIC COLLECTION AND REPORTING OF SEX-DISAGGREGATED DATA: RBF
Financial System Development Policy Statement No. 1: Minimum requirements for the provision of disaggregated data. In recognition of the increasingly important role of data for financial sector development and financial inclusion evidence-based policy interventions, RBF introduced an industry-wide Financial Sector Development Policy Statement on the Minimum Requirements for the Provision of Disaggregated Data to capture granular data from all regulated and supervised financial service providers (FSP) in June 2019. The disaggregated data on financial services that were identified for collection included information on gender, age and location (by province) for the bank/credit institution accounts (depositors and borrowers), payment instruments and services, mobile wallet accounts, insurance policies (life and general), capital markets investments, remittances and superannuation.6
GENDER INCLUSIVE FINANCE (GIF)
2021 marks the fifth anniversary of the adoption of the AFI's Denarau Action Plan. This is a 10-point action plan that aims to increase women's access and usage of quality and affordable financial services globally. Alongside the Denarau Action Plan commitments, AFI members made an additional pledge to work towards halving their own jurisdiction’s financial inclusion gender gaps by the end of 2021. The global Maya Declaration platform helped AFI mobilize support to create and achieve GIF targets and implement ambitious gender-sensitive financial inclusion policies and regulations, as seen in Bangladesh, Egypt, Fiji, Jordan, Morocco, Paraguay and Zambia.
Since implementing the Denarau Action Plan in 2016, the number of GIF targets in the MDCs has increased considerably. Currently, 41 central banks and regulatory institutions have at least one GIF target in a wide range
6 AFI. 2021. Policy and Regulatory Reforms in the AFI Network 2020.
FIGURE 3: GIF MAYA DECLARATION TARGETS IN THE PAST NINE YEARS In progress
Completed
80 70 60 Denarau Action Plan
50 40 30 20 10 0 2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
