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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.
A message from the new Chair of the AFI Board of Directors, Governor Ariff Ali
Ariff Ali
Governor, Reserve Bank of Fiji and AFI Board Chair
John Rwangombwa
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
Central Bank of Tunisia
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
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
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
Global Standards and Policy Committee: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
Gender Inclusive Finance Committee: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: Superintendencia de la Economía Popular y Solidaria de Ecuador, 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
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
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
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.
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.
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.
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.
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: Superintendencia de la Economía Popular y Solidaria de Ecuador, 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.
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.
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.
© Alliance for Financial Inclusion 2009-2024