The 2013 Maya Declaration Report: Putting Financial Inclusion on the Global Map

From a landmark joint decision in Mexico in 2011 to a measurable set of commitments to increase financial inclusion, members of the Alliance for Financial Inclusion (AFI) have turned the Maya Declaration into a fast-growing collaborative effort with global momentum.

To date, central banks and financial policymakers and regulators from 40 developing and emerging market countries have set targets to increase access to formal financial services for the world’s 2.5 billion unbanked. Many more AFI members, spanning 89 countries, are expected to make commitments soon.

Major global bodies, such as the G20 and World Bank, have thrown their weight behind the Maya Declaration, signaling growing support for voluntary commitments that have the power to accelerate inclusive economic growth and financial stability in the developing world.

This report charts the progress of the Maya Declaration in 2013 and maps expected developments in the coming year.