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2019 AFI ANNUAL REPORT
ABOUT THE AFI NETWORK
AFI’S GOVERNANCE STRUCTURE
The Alliance for Financial Inclusion (AFI) is a member-led organization with a vision of making financial services more accessible to the world’s unbanked through a unique cooperative approach and bottom-up development model. AFI members set their own agenda and harness the power of peer learning and peer pressure to develop practical and tested policy reforms that enhance financial inclusion with strategic partnership support from the public and private sectors. AFI’s operations and programs are funded through membership subscriptions and donor contributions.
MEMBERSHIP COUNCIL (PRINCIPAL AND ASSOCIATE MEMBERS)
DECISION MAKING
BOARD OF DIRECTORS STRATEGIC GUIDANCE
MEMBER COMMITTEES
NON-MEMBER ADVISORY
ADVISORY (REPORTS TO THE BOARD)
ADVISORY (REPORTS TO THE BOARD) > Advisory Group > Donor Consultative Council
> Audit > Budget and Finance > Global Standards and Policy > Gender Inclusive Finance
VISION Making financial services more accessible to the world’s unbanked.
AFI MANAGEMENT UNIT EXECUTION AND IMPLEMENTATION
MISSION Empowering policymakers to increase access and usage of quality financial services for the unserved and underserved through formulation, implementation and global advocacy of sustainable, inclusive and gendersensitive policies.
MEMBERSHIP As of the end of 2019, the AFI network had 101 member institutions (comprising 84 Principal Members and 17 Associate Members) representing 89 countries. Sub-Saharan Africa was the region with the highest number of members at 44 institutions, followed by Asia (South, East and Southeast Asia), Latin America and the Caribbean, Middle East and North Africa, Eastern Europe and Central Asia and the Pacific. In 2019, two new institutions joined the AFI network: > Superintendencia de la Economía Popular y Solidaria de Ecuador as a Principal Member > Financial Sector Conduct Authority (FSCA) of South Africa as an Associate Member
MEMBERSHIP COUNCIL The AFI Membership Council is comprised of Principal and Associate Members and meets once a year at the Annual General Meeting (AGM). All members have the right to attend the AGM, but only Principal Members can vote on decisions. At the AGM, the Membership Council reviews AFI’s performance report, ratifies appointments of Board and Committee members and approves strategic decisions that will have a broad impact on the AFI network.
BOARD OF DIRECTORS The AFI network is led by the AFI Board of Directors whose primary mandate is to provide strategic guidance to the AFI Management Unit and oversee the direction and activities of the organization.
