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Guidance for central bankers on policy approaches to advance women’s financial inclusion

As a consultant to the United Nations Capital Development Fund (UNCDF) SHIFT Programme, this project involved providing technical support to members of the Alliance for Financial Inclusion – namely, central banks and ministries of finance from developing economies. 

This included technical support in the development of the Denarau Action Plan – the AFI Network Commitment to Gender and Women’s Financial Inclusion

In turn, the development of working group guidance notes on the themes of Sex-disaggregated Financial Inclusion data, Integrating Gender and Women’s Financial Inclusion into National Financial Inclusion Strategies, and Policy Responses to Anti-Money Laundering (AML)/ Countering the Financing of Terrorism (CFT)

The guidance notes were developed through the application of an AFI survey on women’s financial inclusion, consultation and validation with AFI members bilateral and through its working group meetings in El Salvador, Tanzania, Ghana and Fiji, and through the AFI gender committee.

The guidance notes were developed through the application of an AFI survey on women’s financial inclusion, consultation and validation with AFI members bilateral and through its working group meetings in El Salvador, Tanzania, Ghana and Fiji, and through the AFI gender committee. 

At AFI’s 2016 Global Policy Forum, our director Katherine Miles moderated the session 3.52 Billion Women: Reaching the Unbanked which highlighted some of the successful policies and lessons that have been learned in various countries and regions, as well as the global barriers and challenges for women to access finance. 

A year later, we reflected on progress in a blog: The AFI Denarau Action Plan Revisited: 3 Quick and Helpful Reflections

This work has contributed to international developments including an emergence of commitments to women’s financial inclusion among AFI members, a greater integration of gender and a focus on women within national financial inclusion strategies, and the increased collection of supply-side sex-disaggregated data by financial sector regulators.

“Financial inclusion policy change that works for women as well as men will accelerate the overall goal of full financial inclusion”