Financial Inclusion - The Alliance For Financial Inclusion

The Alliance For Financial Inclusion

The Alliance for Financial Inclusion (AFI) is the world's largest and most prominent network of financial inclusion policymakers from developing and emerging economies who work together to increase access to appropriate financial services for the poor. AFI's core mission is to adopt and expand effective inclusive financial policies in developing nations in an effort to lift 2.5 billion impoverished, unbanked citizens out of poverty. AFI was founded in 2008 as a Bill & Melinda Gates Foundation-funded project, supported by AusAid, in order to advance the development of smart financial inclusion policy in developing and emerging countries. The AFI Network has grown to more than 105 institutions from 88 member nations from 2008 to 2013. AFI hosts its landmark, annual Global Policy Forum (GPF) as the keystone event for its membership. During the 2011 GPF, the network adopted the Maya Declaration, a set of common principles and goals for financial inclusion policy development. AFI uses a "polylateral development" model to contrast and compare successful financial inclusion policies, focusing on a peer-to-peer system rather than a top-down or North-to-South learning model.

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