Alliance for Financial Inclusion
A better access to financial services will contribute to economic growth, if income per capita increases through savings and investments in poor households and small and medium sized businesses. With the mobilization of national savings, the financial system will be stabilized and external dependencies are reduced. Alliance for Financial Inclusion (AFI) is a project being implemented on behalf of the Bill & Melinda Gates Foundation by GIZ. |
Objectives & ApproachesTo support 50 million people with an income of less than 2 US dollar per day to access saving accounts, insurances and other financial services. The Alliance for Financial Inclusion (AFI) is a global network of policymakers in developing countries. As a peer-to-peer platform for knowledge sharing, the project promotes South-South cooperation, and provide data and information as well as subsidies to transfer successful models from one country to another. AFI brings together more than 100 central banks and other institutions worldwide, it represents nearly 70 percent of the people without a bank accounts. The network will develop policy measures to provide millions of people in developing countries with access to financial services. Contact
Alliance for Financial Inclusion
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Currently, around 2.5 billion adults worldwide are living without a bank account and have no access to financial and loan services, because they lack of trust and securities: e.g. without ID card or passport, they cannot open a bank account.