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15 Years of Impact
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15 Years of Impact
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Maya Declaration
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Key Policy Areas
Digital Financial Services
Data
Consumer Empowerment
Financial Inclusion Strategy
Inclusive Green Finance
Global Standards Proportionality
SME Finance
Working groups
Consumer Empowerment and Market Conduct Working Group (CEMCWG)
Global Standards Proportionality Working Group (GSPWG)
Digital Financial Services Working Group (DFSWG)
Inclusive Green Finance Working Group (IGFWG)
Financial Inclusion Data and Impact Working Group (FIDIWG)
SME Finance Working Group (SMEFWG)
Financial Inclusion Strategy Peer Learning Group (FISPLG)
Regional Initiatives
African Financial Inclusion Policy Initiative (AfPI)
Eastern Europe & Central Asia Policy Initiative (ECAPI)
Financial Inclusion Initiative for Latin American and the Caribbean (FILAC)
Pacific Islands Regional Initiative (PIRI)
South Asia Region Financial Inclusion Initiative (SARFII)
Arab Region Financial Inclusion Policy Initiative (ARFIPI)
Training & Development
AFI Educate online courses
AFI Engage
Certified Expert in Financial Inclusion Policy
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
15 Years of Impact
15 Years of Impact
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
15 Years of Impact
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
Maya Declaration
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
Accords
Impact Stories
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
Key Policy Areas
Key Policy Areas
Digital Financial Services
Data
Consumer Empowerment
Financial Inclusion Strategy
Inclusive Green Finance
Global Standards Proportionality
SME Finance
Global Standards Proportionality Working Group (GSPWG)
Working Groups
Working Groups
Consumer Empowerment and Market Conduct Working Group (CEMCWG)
Digital Financial Services Working Group (DFSWG)
Inclusive Green Finance Working Group (IGFWG)
Financial Inclusion Data and Impact Working Group (FIDIWG)
SME Finance Working Group (SMEFWG)
Financial Inclusion Strategy Peer Learning Group (FISPLG)
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
Regional Initiatives
Regional Initiatives
African Financial Inclusion Policy Initiative (AfPI)
Eastern Europe & Central Asia Policy Initiative (ECAPI)
Financial Inclusion Initiative for Latin American and the Caribbean (FILAC)
Pacific Islands Regional Initiative (PIRI)
South Asia Region Financial Inclusion Initiative (SARFII)
Arab Region Financial Inclusion Policy Initiative (ARFIPI)
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
Training & Development
Training & Development
AFI Educate online courses
AFI Engage
Certified Expert in Financial Inclusion Policy
Training & Development
AFI Educate online courses
AFI Engage
Certified Expert in Financial Inclusion Policy
!Font Awesome Pro 6.6.0 by @fontawesome – https://fontawesome.com License – https://fontawesome.com/license (Commercial License) Copyright 2024 Fonticons, Inc.
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News

Affordability and accessibility at the heart of Tonga’s financial inclusion strategy  

On 13 December in Nuku’alofa, AFI Executive Director Dr. Alfred Hannig and Tatafu Moeaki, Governor of the National Reserve Bank of Tonga, celebrated the soft launch of Tonga’s first national financial inclusion strategy (NFIS). 

The NFIS represents an important milestone for financial inclusion in Tonga. It includes solid commitments to boosting access to digital financial services, strengthening consumer protection, and promoting inclusive green finance, particularly for small- to medium enterprises.  

“In the aftermath of COVID-19, Tonga’s cost structures have risen,” said Gov. Moeaki. “The Reserve Bank is committed to leveraging digital financial services, a key component of the country’s financial inclusion strategy. This initiative is designed to support the Government and Tonga’s digital transformation, effectively lowering unit costs of financial transactions and doing business. Our ultimate goal is to enhance affordability and accessibility for all parts of the country.” 

The Strategy’s objectives, actions, and policy recommendations were crafted by a task team of experts from NRBT, AFI and peer institutions, who drew on best practices and guidance from the AFI Policy Model for National Financial Inclusion Strategy.  

I feel incredibly proud to witness the launch of the Strategy,” said Dr Hannig. “It is the fruit of the vision, dedication and tireless effort of all those working to champion financial inclusion in Tonga. Your commitment is inspiring, and sends a powerful message far beyond the Pacific.”  

Dr. Hannig and Governor Moeaki discussed opportunities to strengthen their collaboration across a wide range of initiatives. The National Reserve Bank of Tonga already plays an important role in the AFI network, having recently been nominated as vice chair of AFI‘s Pacific Islands Regional Initiative. NRBT is also a key member of the Pacific Regional Regulatory Sandbox, a virtual policy environment where firms can test their financial products under the supervision of regional financial regulators.  

The same day, Dr. Hannig met Mrs. Fekitamoeloa ʻUtoikamanu, Acting Minister of the Ministry of Finance, and Minister for Foreign Affairs, to discuss Tonga’s financial inclusion ambitions and to relay insight from across the AFI global network.