Fiji’s central bank has been honored with The Nestor Espenilla Jr Financial Inclusion Innovation Award at the 2024 Alliance for Financial Inclusion (AFI) Awards ceremony. This prestigious event, held annually during the AFI Global Policy Forum, recognizes outstanding initiatives by regulatory bodies that enhance financial inclusion.
Ariff Ali, the governor of the Reserve Bank of Fiji (RBF), expressed that this award symbolizes excellence and highlights their steadfast dedication to promoting inclusive finance and improving access to financial services for everyone. During a celebratory gathering at the GPH in Suva, Mr. Ali remarked on the significant advancements made in financial inclusion, attributing this success to the resilience, innovation, and collaborative nature of the Fijian people.
He emphasized that the award reflects a collective commitment to creating a more inclusive financial ecosystem, utilizing digital solutions to empower every Fijian and support their development. Mr. Ali acknowledged the essential contributions of various stakeholders, including development partners, financial institutions, government agencies, the private sector, and local communities, in striving for a more inclusive financial future for Fiji.
Dr. Eliki Boletawa, AFI’s Director for Policy Programs and Implementation, commended the RBF’s outstanding efforts in advancing financial inclusion, particularly through digital and financial technology innovations. He noted that their work has significantly transformed Fiji’s financial landscape and serves as an inspiration for other countries seeking to improve financial inclusion. Dr. Boletawa highlighted the RBF’s persistent efforts to close the financial inclusion gap, particularly for underserved groups such as women, youth, and rural communities.