This document contains an outcome-based core competencies framework on financial literacy for adults, developed by the OECD International Network on Financial Education (OECD/INFE) in response to a call from G20 Leaders in 2013. This report highlights a range of financial literacy outcomes that may be considered to be universally relevant and important to sustain or improve financial wellbeing in everyday life.
Based on an overview of worldwide trends in the development of digital financial services, this OECD International Network on Financial Education (OECD/INFE) report highlights the use and potential of digital tools to achieve higher levels of financial wellbeing and identifies policy challenges and solutions for enhancing financial consumer protection and education frameworks.
Remittances represent a major source of income for millions of families and businesses globally, and are an important pathway to financial inclusion. This report outlines G20 measures and progress to expand responsible financial inclusion and improve the transparency and consumer protection of remittance transfers.
This report summarizes GPFI activities from December 2015 to July 2016, presents the main achievements under the Chinese Presidency and describes the outlook for the rest of 2016 and into the start of the German Presidency. References to all relevant documentation produced by the different workstreams are provided at the end of this report.
The Hangzhou Action Plan explicitly recognizes the critical importance of financial inclusion to empowering the lives of the poor. Based on the G20 High-level Principles for Digital Financial Inclusion, G20 Leaders commit to taking “concrete actions” recommended by the Global Partnership for Financial Inclusion (GPFI) to promote digital financial inclusion, and help low-income developing countries (LIDCs) to reach the “last mile” of excluded and underserved groups.
In addition, G20 Leaders welcomed “the first country self-assessment about to take place within the G20 Action Plan on SME Financing Implementation Framework”, and supported “the continued work of the GPFI to implement the G20 Financial Inclusion Action Plan (FIAP) and ask the GPFI to review the FIAP in 2017”.
The Hangzhou Action Plan sets out the strategy that will follow in order to foster robust and broader economic growth and generate the rewards that can be shared by all.
Small and medium-sized enterprises (SMEs) play a crucial role for employment, job creation, investment, innovation and economic growth around the world. By endorsing the G20 Action Plan on SME Financing in 2015, the G20 agreed, and encouraged non G20 countries to fully develop credit infrastructure for SMEs, improve SME financial capability through targeted learning and support interventions and enable competition through an enabling regulatory environment.
The updated G20 Financial Inclusion Indicators measure access to digital infrastructure and the quality of regulations, drawing on data provided by the World Bank, IMF, OECD, and Gallup, Inc. These indicators, if considered in conjunction with additional country-specific information, will inform policymakers and enable comprehensive monitoring of financial inclusion developments, both at a national and at a global level.
The 2016 G20 High-Level Principles for Digital Financial Inclusion build on the success of 2010's G20 Principles for Innovative Financial Inclusion by providing a basis for country action plans reflecting country context and national circumstances to leverage the huge potential offered by digital technologies.
This is the 2016 Work Plan for the GPFI SME Finance Subgroup. Consistent with the theme of China’s G20 Presidency in 2016, “Towards the Innovative, Invigorated, Interconnected and Inclusive World Economy”, the GPFI SME Finance Subgroup will work on the implementation of the G20 Financial Inclusion Action Plan.
This is the 2016 Work Plan of the GPFI Regulation and Standard-Setting Bodies (SSBs) Subgroup.
The Subgroup's Work Plan is organized around the Objectives (Activities) and Sub-objectives included in the Subgroup’s May 2014 Terms of Reference. It takes into consideration also the expected results under the GPFI Financial Inclusion Action Plan (FIAP) and the related indicators in the results framework included in the Subgroup’s Terms of Reference. In addition, reference is made throughout to the numbered Recommendations from Part VI of second edition of the GPFI White Paper Global Standard-Setting Bodes and Financial Inclusion – The Evolving Landscape.