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BSP Governor Tetangco Leads the G-24/AFI Policymakers' Roundtable in Lima

10.12.2015

The Intergovernmental Group of Twenty Four (G-24) and the Alliance for Financial Inclusion (AFI) jointly hosted a roundtable on financial inclusion during the IMF/World Bank Group Annual Meetings held on 7 October 2015 in Lima, Peru. The meeting focused on stemming the tide of de-risking whereby global banks are terminating or severely restricting relationships with certain clients such as money transfer operators/remittance companies.  Governor Amando M. Tetangco, Jr. (right) chaired the roundtable discussion on understanding the extent, drivers and impact of de-risking and the on-going initiatives of international organizations to better understand this phenomenon.  G-24/AFI members shared the negative impact of de-risking in their respective jurisdictions and agreed that a concerted international effort should be pursued to address this alarming trend.

 

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