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Screenshot of a breaking news alert e-mail from Q2 2017
The Bank of Russia now has its representative in the Board of Directors of the international association of financial regulators Alliance for Financial Inclusion (АFI).
Viktor V. Chistyukhin, Bank of Russia Deputy Governor, will represent Russia in the AFI Board of Directors, with the appointment upheld by the majority of votes of AFI members.
Membership in the AFI Board of Directors will enable Russia to be more active in the development of international standards in this sphere. A higher level of financial inclusion is a priority in central banks’ activities aimed at solving the task of stable development through accessible proper financial services to small businesses and population.
According to UNO data, more than 2 billion people in the world currently have no access to financial services, which leads to uneven conditions for economic and social development and endangers the financial stability and safety of the financial system.
The Alliance for Financial Inclusion (AFI) is an international association of central banks and other financial regulators which unites over 100 countries (including BRICS members). Headquartered in Kuala Lumpur, Malaysia. AFI is a managing partner of G20 in developing financial inclusion policy.
To view the official press release, click here.