Alliance for Financial Inclusion (AFI), the global network of financial regulators, has chosen Bangladesh Bank as co-chair of its SME Finance working group on Wednesday, says a press release. 
This is in recognition of the breakthrough policy intervention by Bangladesh Bank to improve access to finance to the MSMEs and women entrepreneurs as well as its contribution and leadership towards knowledge exchange and mutual learning in the area of MSME and women entrepreneurs lending, the statement said. The AFI network members in the SME Finance working group elected Bangladesh Bank as its co-chair for the next two years. Bangladesh Bank will take the position of Chair of the working group in 2016. Bangladesh Bank was chosen by the network members over India, Kenya, Peru and Philippines, the four other candidates. 
Bangladesh bank representative in the SME Finance working group Md Ashraful Alam, deputy general manager, SME and Special Programmes Department, welcomed this move by the AFI and its members.