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- Published on Thursday, 11 September 2014 10:56
The selection was disclosed during the annual general meeting on the first day of the 2014 Global Policy Forum being held this week in Port of Spain, Trinidad and Tobago.
Bank Negara Malaysia led the bid from Malaysia, which was ultimately chosen from a group of shortlisted candidates that also included strong proposals from Brazil, Mexico and Turkey.
The sub-committee on host country evaluation reviewed a request for proposal from each nation, and provided a recommendation report for the AFI steering committee to make the final decision, the AFI said yesterday.
"Bank Negara is committed to the financial inclusion agenda and is honoured to have the opportunity to collaborate with AFI and its membership in advancing the development and implementation of policies that will increase the access to financial services for the unbanked segment in the world," Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said.
AFI said the announcement of a permanent home for the network is only the latest stage in its evolution from being a preliminary project funded by key donors towards a fully independent institution.
"This is an idea that has always been fundamental to AFI's organisational DNA and promoted by the steering committee since its first meeting in 2009, as well as endorsed by members," the institution added.
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Source : http://www.malaysiandigest.com/business/517989-afi-to-set-up-shop-in-kuala-lumpur.html
