Financial Inclusion

The Asia-Pacific Forum on Financial Inclusion has been hosted annually, following the successful holding of a Forum in Sapporo, Japan and the endorsement of its regular convening by the APEC Finance Ministers at their 2010 annual meeting in Kyoto. The Forum is a policy initiative under the APEC Finance Ministers' Process that is entrusted to the APEC Business Advisory Council (ABAC). Each Forum is organized by ABAC in partnership with the Foundation for Development Cooperation (FDC) and has been hosted by several key financial inclusion stakeholders in the region including the Asian Development Bank Institute (ADBI), the Asia-Pacific Finance and Development Institute (AFDI), the Indonesian Ministry of Finance and the Philippines Department of Finance.Financial support for the Forum has been provided by Citi Foundation.

Over the years the Forum has been supported by experts representing several important financial inclusion stakeholder groups including the Asian Development Bank (ADB), GE Capital, the International Finance Corporation (IFC), the Consultative Group to Assist the Poor (CGAP), the Japan International Cooperation Agency (JICA), the Policy and Economic Research Council (PERC), the Banking with the Poor Network (BWTP), the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), the Asia-Pacific Credit Coalition (APCC), the China Association of Microfinance (CAM), the Institute for International Monetary Affairs (IIMA), the Organization for Economic Co-operation and Development (OECD), Barnert Global, Ltd., the Australian APEC Study Centre, the World Savings and Retail Banking Institute (WSBI), Citi and TRPC.

 

Participants of the Forum include a wide range of stakeholders from the public and private sectors, including financial regulators and policy makers, multilateral institutions, financial institutions and related market players, microfinance institutions, financial inclusion experts, industry organizations and private foundations. The Forum provides an opportunity for stakeholders to review the current trends, recent achievements, ongoing challenges and opportunities relative to financial inclusion in the region. By providing this platform for high-level dialogue amongst policy makers and regulators across the region, the Forum aims to strengthen their capacity as well as provide priority recommendations for policy related issues impacting financial inclusion.

 

Forums have been hosted in Tokyo, Japan (2011 and 2016), Shanghai, China (2012 and 2014), Batam Island, Indonesia (2013) and Tagaytay City, The Philippines (2015). Reports summarizing the discussions and policy recommendations from each Forum can be downloaded from the list below.


In 2015, ABAC conducted a review of its Financial Inclusion Initiative and published its findings in a report. This report looks back on the past five years of the Asia-Pacific Forum on Financial Inclusion, to evaluate the progress and impact of ABAC?s financial inclusion initiative and its objective to strengthen policy and regulation within APEC member economies in support of greater financial inclusion. The review includes an assessment of the extent to which recommendations produced by the annual Forum have been adopted and implemented within APEC member economies.