INSIDE | AFI independence: Key takeaways P2 | Why independence? P2 | Becoming a policy driving network P2 | Setting targets,

tracking our Maya Commitments P3 | Résumé quotidien P3 | Snapshots: AFI Awards P4 | Tomorrow’s agenda P4

Quote of the day

The structure is more important than the leadership. Leadership may change, but if we get the structure right AFI will always be an organization with fresh ideas and clear vision.”

Members were welcomed by the Chair of the AFI Steering Committee, Nestor Espenilla Jr., and AFI Executive Director, Alfred Hannig, who stressed that the AGM is a necessary and welcome step in our journey to independence, allowing us to shape our future and ensure that AFI remains strong and robust.

Our challenge? To ensure that as we transform into an independent organization, we keep all the elements that have made us successful over the past five years. Deputy Governor Espenilla Jr. compared AFI members to engineers, drafting blueprints for what will become a landmark financial inclusion project unique in the world.

Opening of the AGMToday at the GPFMorningGPF Opening Ceremony and panel discussion on driving policies for optimal impact

Afternoon Engaging discussion on key policy areas of interest to the AFI Network

EveningGala Dinner hosted by Bank Negara Malaysia

News and views from the AFI 2013 Global Policy Forum | Issue two: Tuesday 10 September 2013

On a landmark day, the AFI Network came together at our first formal Annual General Meeting to discuss the direction, strategy and timeline for AFI’s independence.

AFI is about a flat world, where everyone can speak as equals.”

Alfred Hannig, Executive Director, Alliance for Financial Inclusion

AFI was always meant to become a self-funded and self-sustaining organization… Independence means increased access and greater opportunities for all AFI members.”

Nestor Espenilla Jr., Deputy Governor, Bangko Sentral ng Pilipinas

Poken question of the day

Does your institution have the data it needs today to develop a financial inclusion strategy? (Yes or No)

Member Zone trainingWednesday, 11 September 13:30 – 14:15 (English)

Thursday 12 September 11:30 – 12:15 (French)Venue: Computer Training Room, Level 1

For two years, AFI has been crafting a vision of an independent network owned by its members. The strategy is now concrete: AFI will become fully independent by 2016. Until then, the organization will gradually transition away from being a donor-funded project to become a self-governing, member-driven and self-sufficient network that supports peer learning and drives policy.

The path to independence

2012AFI independence approved by members at the 2012 GPF in Cape Town, South Africa

AFI independence endorsed by the G20 at the Finance Ministers meeting

Independence questionnaire results reveal overwhelming support from AFI members

2013Sub-Committee onIndependence and Sub-Committee on Host Country Evaluation are established and work begins on the independence process and selecting a host country HQ

Host country bidding process begins at GPF 2013

2014AFI HQ selected and legal structure in the host country established

Independent governance and funding structure determined

2015By the end of 2015, all aspects of an independent AFI are in place

Muhammad Ibrahim, Deputy Governor, Bank Negara Malaysia

News and views from the AFI 2013 Global Policy Forum Issue two 2/4

In back-to-back sessions, members explored the key questions and challenges confronting the independence process, including representation and funding, legal identity, good governance and the importance of putting members in the driver’s seat.

MuhammadIbrahim,DeputyGovernor,BankNegaraMalaysia

MariaFernandaTrigoAlegre,DirectorGeneral,CNBV

DanielSchydlowsky,Superintendent,SBSPeru

Becoming a policy-driving network

AFI launches host country bidding

Key TakeawaysAFI was always intended to be an independent organization. This was the vision of AFI right from the start: self-governing, member-driven and member-funded. When surveyed about AFI’s future, 95 percent of members who responded supported the independence process and the concept of a member fee-based system.

Independence brings legitimacy, but not a change in our core principles. We have been fortunate to have BMGF as a funder and the freedom and flexibility we needed as a project. But as an independent organization, we will truly be the voice of developing and emerging countries.

Representation and funding are key issues. “Those who pay more sometimes want to have a bigger voice. We have to make sure in all the objectives that money is not the only issue – if we let money drive us we will lose the whole essence of the network. This is the challenge.” Georgette Jean Louis, Member of the Board, Central Bank of Haiti

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AFI independence: Taking stock, moving forward

Part of AFI’s transition to independence is becoming a global network that not only discusses policy, but actively drives it. The working groups are at the center of this effort and came together to reflect on the key conditions for success: peer reviews, coordination among the working groups, passion and motivation to learn from their peers, and a strong organizational structure.

In regards to a policy-driving network, I think it is important that members have two expectations: the first is how the work is managed and the second is the results and outcomes, which must be based on exchanges within this great network.”

Cheikh Amadou Bamba Fall, Ministère de

l’Economie et des Finances du Sénégal

The bidding process for the selection of AFI’s independent headquarters was officially launched at the 2013 Annual General Meeting. The Chair of the AFI Sub-Committee on Host Country Evaluation, Dr. Saeed Ahmed, explained how the process will unfold.

2 phases: Expression of Interest (EOI) phase and Request for Proposal (RFP) phase

5 countries: A maximum of five countries will be shortlisted and bidders must be from an AFI member country

Mid-2014: The host country will be selected by the Sub-Committee on Host Country Evaluation

13 September: EOI will be issued 13 September 2013 on AFI’s website

8 November: Deadline for EOI submissions

“The launch of the bidding represents animportantmilestoneintheevolutionofAFI…Ourpriority is to ensure a fair, transparent andindependenthostcountryselectionprocess.”

Why independence?Establishing AFI as an independent and permanent network will:> Significantly advance financial

inclusion around the world as AFI continues to develop and adopt effective, practical and feasible policy solutions

> Give a stronger voice to developing and emerging countries championing financial inclusion policy issues at the global level

> Boost and sustain AFI’s profile in the global financial inclusion arena

> Attract more resources for financial inclusion and enhance coordination of member activities

> Give members full ownership of the AFI Network

> Guarantee the long-term financial sustainability of the network, giving us the continuity we need to advance financial inclusion nationally and globally

Regarding representation, it should be one country, one vote. One country, one vote is fair, especially considering the objective of financial inclusion is additive. As everyone progresses it helps the others.”

Daniel Schydlowsky, Superintendent, SBS Peru

Which element do you consider most important for the policy-driving network?

7% Quality assurance through peer-to- peer feedback

39% Focus on evidence-based policies

32% Setting national quantifiable targets and measuring progress

18% Building institutional capacity

4% Advocacy and input to other policy-related bodies

You voted

Dr. Saeed Ahmed, Chair of the AFI Sub-Committee on Host Country Evaluation

News and views from the AFI 2013 Global Policy Forum Issue two 3/4

Setting targets, tracking our commitmentsQuantifiable and measurable national targets are not only key to driving the Maya Declaration forward, they also help AFI members track progress and measure the impact of their commitments at home.

Members want a system that they can grow with, that they can trust. The objective of this session is to show how the Core Set of Indicators can be used to track your Maya Commitments at the country level.”

Charles Marwa, Senior Monitoring and Evaluation Specialist, AFI

Leadershipistheartofharnessinghumanenergy towards thecreationofabetterfuture, and this iswhatAFIisdoing.”RajeevPeshawaria,CEO,TheIclifLeadership&GovernanceCentre

“As AFI transitions toindependence, maintaining thediversity of its membership willbecritical.ThatiswhyIamverypleased that AFI is making aspecial effort to engage itsRussian-speakingmembers.Thiseffort has enhanced knowledgeexchange among our region’sinstitution and is creating newpossibilities for us to connectwiththebroaderAFInetwork.”

ZairChokoev,DeputyChairmanoftheNationalBankofKyrgyzRepublic

Many of us have made Maya Commitments, and this year’s GPF marks the beginning of the second phase of the Maya Declaration as we shift our focus to setting concrete goals and measuring progress.

The Sasana Accord will commit us to making measurable and quantifiable targets and reporting publicly on our progress. Using the FIDWG’s Core Set of Indicators as a common measurement framework, we will be able to demonstrate the impact of our policies, improve the efficiency of data collection and reporting, and achieve our Maya Commitments in a more transparent and self-directed way.

Sasana AccordThe Sasana Accord strengthens and extends our Maya Declaration Commitments by making them quantifiable, measurable and concrete. The Sasana Accord will be officially announced on Thursday at the close of the GPF 2013.

Have your say / Thursday 12 September

15:10-16:15 Maya Declaration: Raising Commitments & Measuring Progress

16:15-16:45 Announcement of New Commitments to the Maya Declaration

17:00-17:45 Announcement of the Sasana Accord

Le premier jour de la Rencontre Générale Annuelle (AGM) de l’AFI s’est tenu lundi. Cette rencontre historique a été dédiée à la transformation de l’AFI vers un réseau indépendant et piloté par ses membres. Les débats du matin ont mis l’accent sur le processus d’indépendance de l’AFI, ses responsabilités ainsi que le plan d’action des Sous-comités Sur l’Indépendance et le Pays d’Accueil. L’AFI a également lancé son processus d’appel d’offres, ce qui est un grand pas en avant. Les membres francophones de l’AFI se sont rencontrés à l’occasion du déjeuner annuel où ils se sont entretenus sur l’intérêt de tenir une rencontre régionale française, la participation croissante à l’AFI, les résultats des collaborations avec les banques centrales et l’importance de la traduction systématique de documents français. Les discussions de l’après-midi ont porté sur la transition de l’AFI vers un réseau conduisant la politique et la prochaine phase de la Déclaration de Maya, l’accord Sasana, ce qui renforcera les engagements des membres Maya grâce à des cibles mesurables. En dernier lieu, afin de marquer la fin de la Rencontre Générale Annuelle et la préparation du premier jour du Forum Mondial surles Politiques d’Inclusion Financière (GPF), les membres de l’AFI ont étudié le sujet du management dans un réseau mondial.

Résumé quotidien

AFI’s Francophone members meet to discuss topics ofregionalinterest

The art of leadershipRussian speakers lunch

News and views from the AFI 2013 Global Policy Forum Issue two 4/4

AFI is funded by the Bill & Melinda Gates Foundation and administered by GIZ (German International Cooperation)

AFI, 399 Interchange Building, 24th floor, Sukhumvit Road, Klongtoey – Nua, Wattana, Bangkok 10110, Thailand

t +66 (0)2 401 9370 f +66 (0)2 402 1122 e info@afi-global.org www.facebook.com/AFI.History @NewsAFI www.afi-global.org

Alliance for Financial Inclusion

AFI AwardsFor the first time, particularly active institutions and individuals were recognized for their contributions to the network.

AFI Leadership Award

Bank of Tanzania

Maya Declaration Award

Reserve Bank of Fiji

Most Active Member Zone User

Most Services Used

George Sije, Bank of Tanzania, received by Governor Ndulu

Comisión Nacional Bancaria y de Valores (CNBV)

Most Engaged Newcomer

Best Host Award

Direction Générale du Trésor, Madagascar

Banco Central do Brasil

Tomorrow’s agendaWednesday / 11 September 2013

Meet the Researchers and Discuss Recent Findings

Research Findingsin Financial Inclusion

Venue: Training Room 2.1-2.4

8:00 - 18:00 Forum Registration

Venue: Sasana Kijang Pre-Function Hall, Ground Floor

9:00 – 10:00 2013 AFI Global Policy Forum Opening Ceremony

Venue: Sasana Kijang Auditorium

10:00 – 11:30 Driving Policies for Optimal Impact: Synergizing Financial Inclusion, Stability & Integrity, and Consumer Protection

Venue: Sasana Kijang Auditorium

11:30 – 12:00 Coffee Break

Venue: Sasana Kijang Pre-Function Hall, Lower Ground Floor

11:30 – 12:30 Press Conference (Selected participants only)

Venue: Sasana Kijang Forum 1.1

12:00 – 13:00 The Impact of Financial Inclusion on Poverty Alleviation and Inclusive Development

Venue: Sasana Kijang Conference Hall 2

13:00 – 14:15 Lunch AFI Leaders Member Zone Networking Lunch Training (English) (By invitation only) 13:30-14:15

Venue: Venue: Venue: Sasana Kijang Café Training Room 3.1-3.3 Computer Training Room 1.1

14:15 – 15:30 Leaders’ Preparatory Meeting for the Roundtable with the SSBs (Closed session - invitation only)

Venue: Executive Meeting Room

15:30 – 16:30 Leaders’ Roundtable on AFI’s Engagement with the SSBs(Closed session - invitation only)

Venue: Executive Meeting Room

14:15 – 15:30 Policy Tracks

Financial Financial Consumer Inclusion Stability Protection & Integrity & Education

Transforming the Can Biometrics Keeping Up Economics of Advance With Evolving Payments through Financial Consumer Risks: Policy Innovation Inclusion? Practical Market Monitoring & Market Conduct Supervision Strategies

Venue: Venue: Venue: Auditorium Conference Hall 1 Conference Hall 2

15:30 – 15:45 Break

15:45 – 17:00 Policy Tracks

Financial Inclusion Financial Stability Consumer Protection & Integrity & Education

The Regulators’ Innovations in The Importance of Challenge: Technology for Financial Literacy Microinsurance Financial Inclusion in the Context of Sustainability, & Managing Risks Financial Inclusion Scalability and Consumer Protection

Venue: Conference Hall 1 Venue: Auditorium Venue: Conference Hall 2

17:00 – 17:15 Break

17:15 – 18:00 Malaysian Experience in Financial Inclusion: Improving Lives and Reducing Poverty

Venue: Sasana Kijang Auditorium

19:00 – 21:30 Gala Dinner hosted by Bank Negara Malaysia

Venue: Royale Chulan Hotel