Central Bank of Armenia has been an AFI principal member since 2011. It has made six Maya Declaration commitments, including to further enhance its knowledge, understanding and skills to deepen financial inclusion within its national borders, and to share its experiences with other countries. Among its financial inclusion priorities is financial literacy, with financial literacy assessments being used to develop the Armenian National Strategy for Financial Education (NSFE) in 2014. In the same year, the central bank launched a financial capability assessment project to develop a national baseline for financial capability in Armenia and identify measurable targets for the NSFE.

National Bank of the Republic of Belarus joined AFI in May 2010 as a principal member. It is a member of six working groups and has made two Maya Declaration targets, including to improve financial literacy and increase the number of adults with bank accounts.

Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market is among AFI’s newest members, having joined as a principal member in July 2020. It is also a member of AFI’s Eastern Europe & Central Asia Policy Initiative.

Financial Regulatory Commission of Mongolia joined the AFI network in June 2010. It is a principal member and is active in four working groups. Its chair, Bayarsaikhan Dembereldash, was previously on AFI’s board of directors and now serves as chair of the network’s Eastern Europe & Central Asia Policy Initiative. The supervisory institution has made 20 Maya Declaration targets, including greater support for e-money services and protecting consumer rights. It was ranked “most engaged” in 2018, with representatives participating in working group meetings, capacity building initiatives as well as regional and global events.

National Bank of the Republic of North Macedonia is a Principal member of AFI classified under EECA region, since April 2024.

National Bank of Tajikistan, a principal member since December 2011, has made 11 Maya Declaration targets, including the establishment of a financial inclusion unit and the formulation and implementation of a national financial inclusion strategy. In 2017, the central bank received a policy grant from AFI to enhance financial inclusion and attend capacity building activities. It is a member of six working groups with proportionate anti-money laundering and counter-terrorism financing among its interests.

Central Bank of the Republic of Uzbekistan joined the AFI network in August 2018 and is a member of five working groups. It is a principal member of the AFI network and has made six Maya Declaration targets. Of these, four have been completed, including on financial literacy, financial education and financial inclusion data.

Superintendencia General de Entidades Financieras de Costa Rica is a principal member and takes part in seven AFI working groups. It joined the network in April 2013 and has made eight Maya Declaration targets, including to develop and implement a national financial inclusion strategy and expediate the development of a nationwide survey to progress financial inclusion.

Superintendencia de Bancos de la República Dominicana joined AFI in July 2021. It supervises financial intermediation entities in the Dominican Republic.

Superintendencia de la Economía Popular y Solidaria de Ecuador has been a principal member since January 2019. It has made nine Maya Declaration targets, including the development of regulations for the implementation of cybersecurity controls and to improve its national financial education policy. It is actively engaged in all seven AFI working groups.

Banco Central de Reserva de El Salvador joined AFI in June 2012 and is a principal member of the network. It has made 10 Maya Declaration targets, including the issuance of regulation on mobile financial services and defining indicators that measure progress in financial inclusion. It has joined four AFI working groups.

Banque de la République d’Haiti joined AFI in December 2010 and is a principal member of the network. The central bank has made 13 Maya Declaration targets with five marked as completed. It has joined three AFI Working Groups.

Comisión Nacional de Bancos y Seguros de Honduras is an associate member that joined the network in April 2013. The supervisory institution has set eight Maya Declaration targets, of which four have been marked as completed. Its Maya Declaration targets mainly focus on consumer protection and market conduct, financial inclusion data and digital financial services.

Comisión Nacional Bancaria y de Valores (CNBV) is a principal member since April 2009. Its president will serve as chair of AFI’s board of director the end of the two-year term in September 2023. In 2011, it co-hosted the AFI Global Policy Forum in Riviera Maya, Mexico. The event saw the AFI membership to adopt the Maya Declaration, marking the first time that regulators have committed to a common set of principles and goals for financial inclusion policy. CNBV has set 15 Maya Declaration targets, mostly focusing on digital financial services and financial inclusion data. It is a member of seven working groups.

Banco Central del Paraguay has made 11 Maya Declaration targets, including on the collection of sex-disaggregated data for financial products and services. The central bank, a principal member of AFI that joined in May 2011, is on AFI’s Gender Inclusive Finance Committee. It is also a member of five working groups. Its president, José Cantero Sienra, sits on AFI’s board of directors.

Superintendencia de Banca, Seguros y AFP del Perú is one of AFI’s longest-serving members, having joined the network in April 2009. It is an associate member that has made 27 Maya Declaration targets, of which 24 have been completed. It is an active member of two working groups.

Centrale Bank van Suriname joined AFI in May 2015 and is a principal member. It completed a Maya Declaration target on small and medium enterprise finance by training entrepreneurs in production sectors on how to enhance their access to finance.

Central Bank of The Bahamas joined AFI in April 2018 and is a member of four working groups. Despite being among the network’s newest members, the central bank has already announced six Maya Declaration targets, including the introduction of the digital version of the Bahamian currency by 2020. It is a principal member.

Central Bank of Egypt is a principal member of AFI, having joined in June 2013. The central bank is highly active in seven AFI working groups. Among its main interests are digital financial services and national financial inclusion strategies. It has completed 19 of its 37 Maya Declaration targets, including to finalize a financial technology strategy and draft a new banking law to boost digital financial services.

Central Bank of Iraq joined AFI in December 2020. In November 2021, the central bank co-hosted a virtual workshop on the financial inclusion of forcibly displaced persons, its first AFI event.

Central Bank of Jordan has been a principal member of the AFI network since April 2016 and a member of seven AFI working groups. Among its main interests are digital financial services and gender inclusive finance. The central bank has completed seven of its 13 Maya Declaration targets, including on reducing the financial inclusion gender gap and finalizing a financial technology regulatory sandbox framework.

Jordan Payments and Clearing Company (JoPACC) is a domestic payment system operator that manages and develops several payment systems, introduces innovative digital financial solutions that directly benefit end-users, and produces and disseminates knowledge about digital financial services in Jordan. The company was established in 2017 and is owned by the Central Bank of Jordan (CBJ) and all commercial banks in Jordan.

Banque Centrale de Mauritanie joined AFI network in August 2017 as principal member. It currently participates in five working groups and has outlined six Maya Declaration targets, including to set up national structures dedicated to the implementation of a national financial inclusion strategy and to establish regulations for mobile payments.

Bank Al-Maghrib joined AFI as principal member in July 2011. The central bank has pledged 27 Maya Declaration targets, including the development of gender disaggregated indicators to better monitor and assess the financial inclusion gender gap. It also actively involved in all seven AFI working groups. In 2019, the Moroccan central bank co-hosted the Global Green Conference in Rabat, which to foster dialogue and cooperation on how financial policymakers and regulators can help resolve the effects of climate emergencies through inclusive green finance.

Palestine Monetary Authority joined AFI in July 2010 as a principal member. It is part of seven working groups and has a focus on consumer protection and market conduct. The central bank has set out 15 Maya Declaration targets, including to create a financial inclusion data portal that helps measure financial inclusion development and to increase financial literacy and awareness. It sits on AFI’s Global Standards and Policy Committee.

Central Bank of Sudan joined the AFI network in September 2009.

Autorité de Contrôle de la Microfinance de la République Tunisienne has been an associate member of AFI since November 2013.

Ministère des Finances de la République Tunisienne has been a principal member of the AFI network since 2013. It attended the 2018 AFI Global Policy Forum in Sochi, Russia.

Banque Centrale de Tunisie is a principal member that joined the network in July 2018. The central bank is part of five working groups. Its deputy governor, Nadia Gamha, is on AFI’s board of directors.

Reserve Bank of Fiji, a principal member, joined AFI in July 2009. The central bank is a member of six working groups and has a focus on consumer protection and market conduct. The bank’s governor, Ariff Ali, serves on AFI’s Board of Directors and was among the leaders recognized with the Advocacy Champion Award at the 2018 AFI Global Policy Forum for his work in de-risking at the regional and global levels.

Bank of Papua New Guinea is principal member at AFI, having joined in August 2010. It is also a member of seven working groups and has made 15 Maya Declaration targets, including to increase gender-based financial inclusion in Papua New Guinea by enabling access to women through the implementation of its Gender Equity and Social Inclusion Policy. For his contributions in raising regional and global awareness of de-risking, Governor Loi Bakani was among the recipients of the Advocacy Champion Award at the 2018 AFI Global Policy Forum.

Central Bank of Samoa joined AFI in July 2009 as a principal member. The central bank, a member of six working groups, has announced seven Maya Declaration targets. Its governor, Maiava Atalina Ainu’u-Enari, has served on AFI’s Board of Directors and was among the recipients of the Advocacy Champion Award at the 2018 AFI Global Policy Forum.

Central Bank of Solomon Islands is a principal member that joined AFI in September 2009. It is active in five working groups. The central bank has completed four of its seven Maya Declaration targets, including to enable an additional 70,000 unbanked and underserved citizens to have access to financial services by 2015, including 30,000 women. The central bank was among the recipients of the Advocacy Champion Award at the 2018 AFI Global Policy Forum.

Banco Central de Timor-Leste, a principal member that joined the AFI network in September 2010 and is a member of five working groups. Of the 12 Maya Declaration targets made by the central bank, it has completed nine. It remains committed to advancing financial inclusion in areas such as consumer protection, digital financial services, financial literacy and financial education.

National Reserve Bank of Tonga joined AFI in 2009 and is a principal member with three Maya Declaration targets, including to develop and improve access to finance by 20 percent among small business in agriculture, fisheries and tourism sectors, as well as for women and youth. The central bank was among the recipients of the Advocacy Champion Award at the 2018 AFI Global Policy Forum.

Reserve Bank of Vanuatu, a member of five working groups, has announced eight Maya Declaration targets. Its interest in digital financial services is reflected in its attendance at member training and public-private dialogue on the thematic area in 2018. It joined the AFI network in August 2009 and is a principal member. The central bank was among the recipients of the Advocacy Champion Award at the 2018 AFI Global Policy Forum.

Microcredit Regulatory Authority of Bangladesh has been an associate member at AFI since July 2009. It has made seven Maya Declaration targets in areas including consumer protection and national financial inclusion strategies. It is also active in two working groups: Financial Inclusion Strategy Peer Learning Group and Consumer Empowerment and Market Conduct Working Group.

Bangladesh Bank is a principal member of the AFI network, having joined in June 2009, and sits on the network’s Intergovernmental Organization Special Committee. The central bank is a member of six working groups and has worked towards advancing AFI’s forcibly displaced persons workstream. In 2018, the central bank published a case study on its journey with financial inclusion and climate change. It has completed an impressive 40 Maya Declaration targets, such as to increase the number of women consumers to five million through agent banking.

Insurance Development and Regulatory Authority Bangladesh joined AFI as associate member in July 2018. It also participates in AFI’s Inclusive Green Finance Working Group.

Royal Monetary Authority of Bhutan has been a principal member of AFI since October 2010. It has made seven Maya Declaration targets in areas such as digital financial services, consumer protection and national financial inclusion strategies. The central bank is active in seven working groups and sits on AFI’s Global Standards and Policy Committee as well as its Audit Committee.

Maldives Monetary Authority is a principal member that joined AFI in January 2010. The central bank is also a member of seven working groups.

Nepal Rastra Bank joined AFI in December 2010. The central bank, a principal member, participates in six working groups. Among its focus areas are consumer empowerment and market conduct and digital financial services. It has made seven Maya Declaration targets in thematic area such as financial literacy, financial education and national financial inclusion strategies.

State Bank of Pakistan joined AFI as a principal member in May 2009. The central bank is actively involved in AFI’s Digital Financial Services Working Group and has made 17 Maya Declaration targets, mostly falling under financing for small and medium enterprises and digital financial services. Among its completed targets is the establishment of a credit guarantee scheme for small and rural enterprises and an upgraded regulatory framework for microfinance.

Central Bank of Sri Lanka is a principal member that joined the AFI network in January 2010. The central bank has joined all seven of AFI’s working groups.

Banco Nacional de Angola has been a principal member of the AFI network since June 2011. It has joined seven working groups and is focused on consumer protection and market conduct, and financial inclusion data.

Banque de la République du Burundi is a principal member that joined AFI in May 2009. It is a member of four working groups as well as AFI’s Audit Committee. It has completed 10 of its 14 Maya Declaration targets, including the development of a national financial inclusion strategy in 2020.

The Bank of Central African States / Banque des États de l’Afrique Centrale (BEAC) has joined AFI as a Principal Member. Created in 1972, BEAC is the central bank common to the six countries which form the Central African Economic and Monetary Community (CEMAC): Cameroon, Central Africa Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo.

The Central Bank of the Comros is the central bank of the Comoros, a group of islands in the Indian Ocean.

Banque Centrale du Congo joined AFI in October 2010 as a principal member. It is part of six working groups. With a grant from AFI, the central bank advanced agent and mobile banking, helping boost national financial inclusion rates to almost 35 percent in 2017 from five percent in 2010. It has made 20 Maya Declaration targets.

Ministère des Finances et du Budget de la Côte d'Ivoire has been AFI principal member since August 2009. It actively participates in four AFI working groups. The ministry has set six Maya Declaration targets, including to implement a national project aimed at empowering young people through the implementation of the national financial education program and specific actions aimed at improving their access to financial services. It co-hosts AFI’s Africa Regional Office in Abidjan

Central Bank of Eswatini is an associate member, having joined the network in December 2013. The central bank is a member of four AFI working groups. In 2021, it announced three new Maya Declaration targets covering inclusive green finance, gender inclusive finance and the financial inclusion of forcibly displaced persons.

Ministry of Finance of Eswatini, a principal member that joined AFI in May 2013, is part of six working groups. It announced 15 Maya Declaration targets. Among its completed targets is the development and finalization of a financial consumer protection strategy and a national financial inclusion strategy.

Bank of Ghana joined AFI in March 2010 and is a principal member. The central bank, a member of six working groups, has made 21 Maya Declaration targets, including to implement sustainable banking principles by 2022 and to formulate a comprehensive policy framework that promotes access to finance for persons with disabilities by 2021. Its deputy governor, Elsie Addo Awadzi, serves as chair of AFI’s Gender Inclusive Finance Committee.

Banque Centrale de la République de Guinée joined AFI in July 2009 and is a principal member. The central bank has joined four working groups. The central bank is an active member of the network, having received special recognition for events organized to commemorate AFI’s 10th anniversary. It has also completed three of its Maya Declaration targets. Its governor, Dr. Lounceny Nabe serves on AFI’s board of directors.

Retirement Benefits Authority of Kenya joined AFI in November 2014 and is an associate member. It is a member of AFI’s Inclusive Green Finance Working Group. It has made two Maya Declaration targets including to develop treating customers fairly guidelines for service providers in the retirement benefits sector.

Central Bank of Kenya is one of AFI’s founding members, having joined the network in April 2009. It is a principal member that is working towards completing eight Maya Declaration targets, including the promotion of evidence-based financial inclusion policies and consumer empowerment. Its governor, Dr. Patrick Njoroge currently sits on AFI’s board of directors. The central bank is a member of three working groups. Among its focus areas are digital financial services and financial inclusion data.

Sacco Societies Regulatory Authority, known as SASRA, is an associate member that joined the network in March 2013. It is a member of AFI’s inclusive green finance and SME finance working groups.

Central Bank of Lesotho, a principal member, joined AFI in September 2012. It plays an active role in three working groups that look at consumer empowerment and market conduct, financial inclusion strategies and digital financial services. It has outlined four Maya Declaration targets, including on the integration of women's financial inclusion initiatives in its financial sector development strategy review by December 2019. The central bank received an AFI policy grant to assist in the effective coordination, monitoring and evaluation of national financial inclusion strategies.

Central Bank of Liberia joined AFI in August 2010. The central bank, a principal member that is active in six working groups, received an AFI policy grant to revise its national financial inclusion strategy. It has made 20 Maya Declaration targets, including quantitative goals to increase the take-up rates of formal financial service and the reach of mobile financial services among its rural population.

Banque Centrale de Madagascar is a principal member that joined AFI in August 2009. It has joined three working groups that focus on consumer empowerment and market conduct, digital financial services and global standards proportionality.

Direction Générale du Trésor, Ministère des Finances et du Budget, Madagascar joined the AFI network as principal member in September 2012. It is actively involved in four working groups that address trends in finance for small and medium enterprises, consumer empowerment and market conduct, financial inclusion data and digital financial services. The ministry has made eight Maya Declaration targets, three of which have been marked as complete, including the development of an up-to-date database on financial inclusion in Madagascar.

Reserve Bank of Malawi is a principal member that joined the network in February 2010. It is actively engaged in four working groups. The central bank has completed 11 of its 20 Maya Declaration targets, including to introduce financial education in the national secondary school curriculum and to promote mobile payment solutions.

Thee Financial Services Commission of Mauritius (FSC) is an Associate member of AFI since March 2024. The FSC is the regulator of the securities markets in Mauritius.

Banco de Moçambique is a principal member that joined AFI in October 2011. It is a member of AFI’s Audit Committee as well as six working groups. To date, it has made and completed 15 Maya Declaration targets, including that 40 percent of adults have at least one type of regulated deposit account. The central bank received an AFI policy grant to establish a national coordination structure and implement a national financial inclusion strategy.

Bank of Namibia joined AFI in June 2009 and is a principal member. It active in five working groups and has made three Maya Declaration targets, including to complete national financial sector strategy.

Ministère des Finances de la République du Niger has been a principal member of the AFI network since August 2009.

Central Bank of Nigeria, a principal member, joined AFI in March 2010. It actively participates in six working groups. Among its focus areas are consumer empowerment and market conduct as well as financial inclusion strategies. It has made 14 Maya Declaration targets, including to achieve full coverage of its population with Know Your Customer identification by 2020.

National Bank of Rwanda is a principal member that joined in May 2009. An active member of the network, it has made 14 Maya Declaration targets and is part of four working groups. In 2019, it co-hosted the network’s flagship event, the AFI Global Policy Forum, which saw members adopt the Kigali Statement on accelerating financial inclusion for disadvantaged groups.

Banco Central de São Tomé e Príncipe is a principal member of AFI, having joined the network in November 2015. It has made two Maya Declaration targets and is a member of four working groups.

Ministère de l’Economie, des Finances et du Budget du Sénégal has been a principal member since May 2009. It completed four of its seven Maya Declaration targets, including to improve the quality of data collection and analysis to provide authorities, partners and the public with indicators on the progress of financial inclusion. It actively involves in six AFI working groups.

The General Delegation for Rapid Entrepreneurship for Women and Youth (DER/FJ) is a public created entity in 2018 and attached to the Presidency of the Republic of Senegal, with the aim to define and implement strategies for the promotion of self-employment of youth and women. DER/FJ is a public tool aiming at facilitating women and youth entrepreneurship financing, job and wealth creation, as well as promoting financial, social and economic inclusion.

Central Bank of Seychelles is a principal member that joined AFI in July 2014. The central bank, a recipient of an AFI policy grant to develop its national financial inclusion strategy, is a member of three working groups. It has made six Maya Declaration targets, including to formulate an action plan on financial technology innovations for youth and women and the collection of sex-disaggregated data.

Bank of Sierra Leone is a principal member that joined in August 2009. The central bank has completely three of its eight Maya Declaration targets, including the development of a framework to collect financial inclusion data that will guarantee data integrity. It is a member of six working groups.

The Central Bank of Somalia (CBS) is the monetary authority of Somalia. They became an AFI Associate Member in February 2024.

South African Reserve Bank has been an associate member since April 2016.

Bank of Tanzania is an active member of the network and six of its working groups. The central bank also serves as the chair of the AFI’s regional initiative in Africa, the African Financial Inclusion Policy Initiative or AfPI. It also sits on AFI’s Global Standards and Policy Committee as well as its Audit Committee. It has made 13 Maya Declaration targets. One of its completed targets was to have in place effective data integrity for measuring and monitoring the progress of financial inclusion, in line with AFI’s core set of indicators. It is a principal member of the AFI network that joined in February 2010.

Central Bank of The Gambia joined AFI in December 2017 as a principal member. It sits on AFI’s Global Standards and Policy Committee. It has a Maya Declaration target on achieving a national financial inclusion rate of 70 percent rate among adults by the end of 2023. It also actively involved in seven AFI Working Groups.

Ministère de l’Economie et des Finances du Togo has been a principal member since August 2009.

Bank of Uganda joined AFI in June 2009 and is an active member of six working groups. The central bank, a principal member, currently sits on AFI’s Budget and Finance Committee as well as AFI’s Gender Inclusive Finance Committee. It has made 25 Maya Declaration targets, including to increase the coverage of adults in credit reference bureaus to 40 percent by 2022.

Established in 2017, UMRA aims to promote a sound and sustainable non-bank financial institutions sector to enhance financial inclusion, financial stability, and financial consumer protection among the clients.

Banque Centrale des Etats de l’Afrique de l’Ouest, or BCEAO, is a principal member that received the Maya Declaration Award at the 2018 AFI Global Policy Forum in Sochi, Russia for reporting significant progress in financial inclusion on the AFI Data Portal. BCEAO had made 23 Maya Declaration targets, eight of which it has completed. This includes the implementation of global interoperability across BCEAO’s member countries by end of 2020, including digital financial service providers, accounts and channels. The regional central bank, a member of six working groups, joined the AFI network in January 2011. Its governor, Tiémoko Meyliet Koné, previously served on AFI’s board of directors. It has been an active participant of capacity building events, such as at member training on digital financial services and anti-money laundering and countering financing of terrorism.

Ministry of Finance, Zambia has been a principal member since April 2019. It is actively involved in seven working groups.

Bank of Zambia is a principal member and sits on AFI’s Global Standards and Policy Committee. The central bank joined the network in January 2010 and is a member of six working groups. It has made 20 Maya Declaration targets and has successfully completed 13 targets, including to halve the gender gap for formal financial services to five percent by 2022 through initiatives under a national financial inclusion strategy and strategic plan.

Reserve Bank of Zimbabwe has made 20 Maya Declaration targets, including to have at least 60 percent of adults with bank accounts by 2020. The central bank is a principal member that joined AFI in February 2012 and sits on AFI’s Gender Inclusive Finance Committee.