The Asia-Pacific Financial Inclusion Forum (APFIF) is a multilateral policy initiative of the APEC Finance Ministers’ Process, housed within the APEC Business Advisory Council (ABAC) and entrusted to FDC since the Forum’s inception in 2010. Comprised of multiple programs run over the APEC calendar year, the Forum provides a unique platform for senior government officials, policy makers and industry experts to formulate policy recommendations relevant to achieving inclusive growth and development outcomes. Its focus is to deliver the objectives of the relevant Sustainable Development Goals, and increasing the economic and financial inclusion targets for the APEC economies, and by extension to all economies for whom these issues are vital priorities. The purpose of the work of the Forum throughout the year is the identification of concrete actions policy makers and regulators can take to address inclusion for the region’s circa 1.5-2 billion unbanked and/or financially and economically underserved.
Additional support for the Forum is provided by the Inclusive Growth and Development Caucus whose members represent several prominent industry stakeholders including the Asian Development Bank Institute (ADBI), Bank Mandiri, Bloomberg, EY, Lanka Impact Investing Network (LIIN), MicroSave, and PayPal.
The annual APFIF policy dialogue is convened by FDC in partnership with the ADBI and FDC’s inclusive finance community, Banking with the Poor (BWTP). This annual event is structured as a facilitated discussion amongst delegates, with contributions from development and other industry experts. It provides a platform for all delegates to take an active role in identifying recommendations for policy reform and strengthening and achieving consensus for effective pathways for progress.
As such, the dialogue puts focus on developing viable action plans needed to progress inclusive growth in the region. The policy recommendations developed through the APFIF program of work are distributed through official APEC channels to support the work of the APEC Finance Ministers’ Process and their Financial Inclusion Policy Initiative.