Governance - Alliance for Financial Inclusion

The Alliance for Financial Inclusion’s work is driven by its members under the oversight of the AFI Board of Directors. The Board of Directors provides overall strategic guidance on the future direction of AFI, offering innovative ideas and advice on meeting objectives, identifying new opportunities and building the AFI network.

More information on AFI’s governance is available in the Articles of Association.

Ariff Ali

Governor, Reserve Bank of Fiji and AFI Board Chair

Soraya Hakuziyaremye

Governor, National Bank of Rwanda and AFI Board Vice-Chair

Dr. Serey Chea

Governor, National Bank of Cambodia

Dr. Karamo Kaba

Governor, Banque Centrale de la République de Guinée

Martin Galstyan

Governor, Central Bank of Armenia

Douglas Pablo Rodriguez

President, Banco Central de Reserva de El Salvador

Ronald Gabriel

Governor, Banque de la République d’Haïti

Jameel Ahmad

Governor, State Bank of Pakistan

Dr. Alfred Hannig

Chief Executive Officer and Secretary of the AFI Board

The Board Committees

In carrying out its oversight role, the AFI Board of Directors receives specialized support from the committees of the Board in accordance to the respective Committee’s Terms of Reference.

Audit Committee

AFI’s Audit Committee provides oversight of AFI’s process assurance, internal controls and risk management. Members are: Central Bank of Lesotho, Bank of Sierra Leone, Central Bank of Jordan, Maldives Monetary Authority and Bank of Zambia.

Audit Committee Charter

Committee members

Ms. Matumelo Rebecca Ralebakeng

Director of Finance
Central Bank of Lesotho

Mrs. Asmahan Salah

Assistant Chief Audit Executive
Central Bank of Jordan

Mr. Alhaji S Dukuray,

Chief Internal Auditor
Bank of Sierra Leone

Ms. Siya Ahmed Najeeb

Head of Internal Audit
Maldives Monetary Authority

Mr. Roy Sikwibele

Director – Internal Audit
Bank of Zambia

Budget and Finance Committee

AFI’s Budget and Finance Committee provides oversight of AFI’s financial strategy and management of financial resources, which include membership fees and donor funding. Members are: Palestine Monetary Authority, Banco de Moçambique, Banque Centrale de Madagascar, Bank of Tanzania and Central Bank of Solomon Islands.

Budget and Finance Committee TOR

Committee members

Mr. Augustino N. Hotay

Director of Finance
Bank of Tanzania (Chair)

Ms. Ligia Alfiado Sitoe

Director, Accounting and Budget Department
Banco de Moçambique (Vice-Chair)

Mr. Fadi Al-Sharif

Director of Finance Department
Palestine Monetary Authority

Mr. Falihery Rajaobelina

Director, Accounting and Budget, Currency Management and Network
Banky Foiben’i Madagasikara

Mr. Simon Meke Ramoifai

Finance Manager
Central Bank of Solomon Islands

Ms. Audrey Brule-Françoise

Head of Financial Systems Division
French Development Agency

Global Standards and Policy Committee

Committee members

AFI’s Global Standards and Policy Committee provides guidance and advice on AFI’s engagement and peer learning initiative with international Standard-Setting Bodies, endorses Financial Inclusion Policy Models developed by AFI’s Working Groups and oversees policy and programs initiatives in the AFI network. Members are: Superintendencia de la Economía Popular y Solidaria de Ecuador, Bank Negara Malaysia, Central Bank of Jordan, Central Bank of Nigeria, Central Bank of Egypt, Comisión Nacional de Bancos y Seguros de Honduras and Ministry of Finance and Economic Development Zimbabwe.

GSP Committee TOR

Committee members

Mr. Suhaimi Ali

Assistant Governor
Bank Negara Malaysia

Mr. Amr Ahmad

Head of Financial Inclusion Division
Central Bank of Jordan

Mrs. Rashida Jumoke Monguno,

Director, Corporate Secretariat Department
Central Bank of Nigeria

Ms. Marwa El Hossary

General Department Head – Regulations Sector
Central Bank of Egypt

Mr. Omar Enrique Colindres Velasquez

Interim Superintendent of Banks and Other Financial Institutions
Comisión Nacional de Bancos y Seguros de Honduras

Mrs. Judith Jila Rusike

Director, Financial Sector Policy
Ministry of Finance and Economic Development Zimbabwe

Gender Inclusive Finance Committee

Committee members

AFI’s Gender Inclusive Finance Committee provides leadership in advancing and promoting women’s financial inclusion in the AFI network and the implementation of the Denarau Action Plan. Members are: Central Bank of Egypt, Central Bank of Eswatini, Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO), Banque Centrale de la République de Guinée, Central Bank of the Republic of Uzbekistan and State Bank of Pakistan.

GIF Committee TOR

Committee members

Mrs. May Abulnaga

First Sub Governor – Governor’s Technical Office
Central Bank of Egypt (CHAIR)

Mr. Syed Samar Hasnain

Executive Director, Group Head – Financial Inclusion
State Bank of Pakistan (VICE-CHAIR)

Ms. Felicia P.N. Diamini-Kunene

Deputy Governor
Central Bank of Eswatini

Mr. Ibrahima Kanda Diallo

Director of Supervision of Financial Institutions
Banque Centrale de la République de Guinée

Ms. Abduganiyeva Dilbar Anvarovna

Director of Financial Education and Inclusion Department
Central Bank of the Republic of Uzbekistan

Mrs. Niffone Jacqueline Dabou

Director of Financial Inclusion
Banque Centrale des Etats de l’Afrique de l’Ouest – BCEAO

Investment Committee

AFI’s Investment Committee oversees the governance and management of the AFI Endowment Fund and supports the Board in monitoring the investment strategies, performance and effectiveness of the AFI Endowment Fund according to Board-approved AFI Endowment Fund Policy and Investment Guidelines. Members are: Central Bank of Seychelles, Nepal Rastra Bank, Central Bank of Egypt, Central Bank of the Bahamas and Central Bank of Armenia.

Investment Committee TOR

Committee members

Ms. Moyra Alexis

Head of Financial Markets Division
Central Bank of Seychelles (Chair)

Mr. Ramu Paudel,

Executive Director, Foreign Exchange Management Dept
Nepal Rastra Bank
(Vice-Chair)

Ms. Yasmine Abbas

Assistant Sub-Governor
Central Bank of Egypt

Mr. Derek Sean Rolle

Deputy Governor, Corporate Services
Central Bank of the Bahamas

Mr. Arman Potikyan

Director of Financial Markets
Central Bank of Armenia

Intergovernmental Organization (IGO) Special Committee

AFI’s Intergovernmental Organization (IGO) Special Committee oversees the process of exploring the IGO status for AFI and provides strategic guidance to the Board and Management Unit on the legal form and structure of the prospective IGO. Members are: Bank Al-Maghrib, Banque de la République du Burundi, Banco Nacional de Angola, Bangladesh Bank, Central Bank of Nigeria, Centrale Bank van Suriname and Nepal Rastra Bank.

IGOSC TOR

Committee members

Ms. Aziza Rimane

Head of Legal Department
Bank Al-Maghrib (Chair)

Ms. Irène Kabura Murihano

First Deputy Governor
Banque de la République du Burundi (Vice-Chair)

Ms. Marilia de Fátima Trindade Viana Poças

Member of the Board
Banco Nacionalde Angola

Mr. Rup Ratan Pine

Executive Director
Bangladesh Bank

New representative to be advised

Central Bank of Nigeria