Development

The Alliance for Financial Inclusion (AFI) is global network of financial policymakers from developing and emerging countries working together to increase access to appropriate financial services for the poor. The organization was formed in 2008 as a Bill & Melinda Gates funded project. Between 2008 and 2013 AFI grew to include 100 policy making institutions from the developing and emerging world.[1] 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 “poly lateral 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. The network has more than 100 member institutions from more than 85 countries across the globe.

Each year it is co-hosted by a different member institution in a different region of the world. As of April 2013, AFI has 100 member institutions representing more than 80 nations  across the globe, making the GPF the most important and comprehensive forum for regulatory institutions with an interest in the promotion of financial inclusion policy. The forum is focused on the development and improvement of national financial inclusion strategies and policies, and is used as a platform for senior financial regulators to exchange ideas and engage in peer-to-peer learning activities.