The South Asia Region Financial Inclusion Initiative (SARFII) has been established towards achieving, as the name suggests, financial inclusivity in the region.
The initiative was established by Alliance for Financial Inclusion (AFI) at the AFI Global Policy Forum, currently ongoing at Jordan.
Central bank of the island nation, Maldives Monetary Authority (MMA) will reportedly chair the initiative.
Maldives Governor Ali Hashim, at the forum, highlighted on the importance of collaboration among South Asian countries to collective policy formulation. Staying in line with this vision, SARFII will work towards increasing involvement and endorsement among the region's countries in policies related to finance.
The initiative will also actively assess obstacles for sound financial policies among South Asian countries.
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