Monday, June 1 2020 12:33

Central Bank of Armenia and the Alliance for Financial Inclusion  (AFI) arrange  the 5th Experts Group on Financial Inclusion Policy  (EGFIP)

Central Bank of Armenia and the Alliance for Financial Inclusion  (AFI) arrange  the 5th Experts Group on Financial Inclusion Policy  (EGFIP)

ArmInfo.Central Bank of Armenia and the Alliance for  Financial Inclusion (AFI) are organizing the 5th Experts Group on  Financial Inclusion Policy (EGFIP) Meeting on 1-3 June 2020, the  first AFI regional initiative to be held virtually given the  magnitude of the global crisis posed by COVID19.

 Financial sector  regulators and policymakers from seven countries represented by  AFI's Eastern Europe & Central Asia Policy Initiative (ECAPI) are  attending the event to exchange knowledge and experiences.  These  include the central banks of Armenia, Belarus, Russia, Tajikistan and  Uzbekistan as well as the Agency for Regulation and Development of  the Financial Market of the Republic of Kazakhstan and Financial  Regulatory Commission of Mongolia. 

 "We are proud to have a long history of productive cooperation with  AFI. Armenia hosted working group meetings and Joint Learning  Programmes and now we host ECAPI-EGFIP virtual meeting. Although we  are unable to meet you in person due to current situation worldwide,  nevertheless we are pleased that the digitized world allows us to  connect people from different countries and at the same time let us  stay at our places safe and healthy. I am more than confident that  effectiveness of our work will not suffer" says Central Bank of  Armenia Deputy Governor Vakhtang Abrahamyan. 

 ECAPI members will also take part in discussions on the implications  of COVID-19 for the Eastern Europe and Central Asia (EECA) region,  alongside the network's global partners and funders. ECAPI will focus  on peer learning opportunities to address specific challenges in  responding to the pandemic, particularly in consumer protection,  financial literacy, digital financial services and financial  technology for financial inclusion. 

 "Financial inclusion is one of the few solutions available that can  immediately address the issues facing hard-hit economies across the  network. With our members in Europe and Central Asia, we are  discussing the AFI COVID-19 Policy Response, which combines quick,  needs-based, highly practical and high-impact interventions that  enable the implementation of rapid response policies and regulations  in highly affected countries that are structured to meet members'  needs in the short and medium term," AFI Executive Director Dr.  Alfred Hannig said.  The three-day meeting will also conduct   developed-developing country dialogue on cybersecurity, followed by  a member training on digital financial literacy. Officials who have  been closely involved in the work related to regulations on DFS with  a focus on cybersecurity and financial literacy would benefit most  from this training. 

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