G20 Foundation Publications Russia 2013 | Page 88

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The right to self-determination : The Maya Declaration recognises that each country case is unique , and externallyimposed , top-down targets and solutions rarely work . Consequently , institutions have the freedom to determine their own bottom-up targets based on individual circumstances and policy priorities .
A collaborative approach based on new forms of cooperation : The Maya Declaration capitalises on the collective strength of the AFI Network in two main ways . First , it supports the exchange of financial inclusion insights through AFI ’ s peer-to-peer knowledge sharing platform . Second , it fosters and promotes new forms of cooperation , including partnerships with the private sector .
To support member institutions in the upcoming months and years , AFI will offer services ranging from peer review and peer advice to providing advocacy support toward the full achievement of institutional commitments made under the Maya Declaration . AFI will also regularly monitor and publicly report on the progress member institutions experience pertaining to their commitments . In fact , the 2012 GPF held
in Cape Town , South Africa , featured the release of the Maya Declaration Progress Report : ‘ Commitments You Can Bank On ’, which showcased the remarkable progress achieved by pioneering institutional commitments announced at the previous forum . AFI member institutions demonstrated how selfdetermined commitments , monitored through a network of peers , are proving to be catalysts in driving policy and regulatory changes that have an impact on the ground .
For financial inclusion to reach its full potential , it has to be truly inclusive , bringing together the complementary expertise of a broad cross-section of partners . The Maya Declaration might provide the tipping point for financial inclusion but it will require a coordinated global effort to truly make a positive and sustainable impact on the word ’ s poor .