THE Bank of Tanzania (BoT) has clinched two awards from the Alliance for Financial Inclusion (AFI) for outstanding work in promoting financial inclusion.
Bank of Tanzania Deputy Governor (Economic and Financial Policies), Dr Natu Mwamba, received the two awards. AFI is the world’s leading organization network on financial inclusion policy and regulations.
It is a member-owned network that promotes and develops evidence-based policy solutions that improve the lives of the poor through the power of financial inclusion.
AFI, successfully held its first Annual General Meeting (AGM) as an independent organization with the unanimous adoption of the AFI Articles of Association, which included updates that will strengthen governance and enhance operational efficiency to better meet the needs of members.
The AFI Executive Team provided highlights of AFI’s strategy and performance over the past year, covering results and challenges, key performance indicators, membership and fee status, budget and finance, funding and the proposed strategic outlook for the new financial year.
A special session on adopting innovative regulatory approaches to financial technology (fintech) and regulatory technology (regtech) featured experiences from the Philippines, Malaysia, Brazil and the United States, and members supported a proposal for AFI to provide peer learning support in this area
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