News

News

Mar 27, 2017 |
G20 Finance Ministers and Central Bank Governors gathered in Baden-Baden, Germany, on 17 and 18 March, committed to advance financial inclusion worldwide while supporting and recognizing the work of the Global Partnership for Financial Inclusion (GPFI). A special focus was given to facilitating financial services among vulnerable groups and Small and Medium-sized Enterprises’ (SMEs) in the G20 Communiqué so as to advance and encourage SME participation in sustainable global value chains.
A woman in Bangladesh laying leather out to dry
Mar 3, 2017 |
The German Presidency hosted the GPFI Workshop "Climate smart financing for rural MSMEs – enabling policy frameworks" on 23 February in Frankfurt. Members of the Global Partnership for Financial Inclusion (GPFI) and representatives of international and other organizations met to discuss the question of how to design policies and regulations that help MSMEs to adapt to and strive in a context of a changing climate. Participants in the GPFI Workshop Participants were introduced to case studies from Mexico, India and Zambia before discussing ways to approach the drafting of policy options to promote investment in climate-smart MSMEs. In an open discussion the participants shared their views on the draft policy paper including policy options as well as experiences from their work. Photo credit: German Presidency
SME in Azerbaijan
Feb 28, 2017 |
Hosted by the German Presidency on February 24, the G20 workshop “Helping SMEs Go Global - Moving Forward in SME Finance“, brought together more than 150 experts from G20 countries, development finance institutions, and the private sector to discuss issues related to advancing financial inclusion for small and medium-sized enterprises (SMEs). Organized jointly by the German G20 Presidency, the German Development Bank (KFW) and the SME Finance Forum, several approaches to improve SME participation in sustainable global value chains were highlighted, including the role of innovative digital financial solutions (fintechs) in SME development, and the role of development banks in enabling SME access to finance.
Feb 8, 2017 |
The first GPFI meetings under the German G20 Presidency were held in Wiesbaden, Germany on 23-24 January 2017. Participants in the GPFI Meeting A one-day workshop advanced the preparation of the revision of the 2014 G20 Financial Inclusion Action Plan (FIAP) through analysis and discussion of related survey results and an exploration of cross-cutting and overarching issues, including the 2030 Agenda and wider G20 accountability processes.
Feb 8, 2017 |
High-level central bankers and government officials, fintech industry, G20 and non-G20 country representatives, along with delegates from international institutions, met in Wiesbaden on 25-26 January to explore developments in the domain of digital financial services. Conference sessions put a spotlight on recent fintech developments, market opportunities and risks, and how to address the emerging risks. Speakers and discussants raised issues of the relationship of fintech to traditional banking institutions, the most important risks, and current and possible regulatory responses.
Jan 11, 2017 |
  Germany in December released its Global Partnership for Financial Inclusion German 2017 Priorities Paper.  Priorities outlined in this key GPFI document include: (a) review and update of the GPFI Financial Inclusion Action Plan (FIAP): 2030 Agenda and digitization; (b) implementation of the G20 High Level Principles for Digital Financial Inclusion: opportunities and risks; (c) implementation of the G20 Action Plan on SME Financing; and (d) development of a work stream on financial inclusion of vulnerable groups: forcibly displaced persons.  
GPFI launches mobile version
Dec 2, 2016 |
After several months of development, GPFI has launched a mobile version optimized for smartphones and tablets in an effort towards improving a responsive and interactive version of GPFI.org website. The use of mobiles and tablets is rapidly increasing with almost 25% of visits coming from mobile devices, and we want our visitors to have the best possible experience when visiting GPFI.org through handheld devices. Find out more about the new features and give us your feedback.  
Woman with mobile phone
Oct 26, 2016 |
Innovative digital technologies play a key role in advancing financial inclusion worldwide, and the rapid growth of ‘mobile money’ is an entry point for providing broader financial services to many low-income families. These opportunities and the new regulatory challenges were the theme of the Third GPFI/FSI Conference on Standard-Setting Bodies and Innovative Financial Inclusion, held in Basel, in 26-27 October. Hosted by the Financial Stability Institute of the Bank for International Settlements, the conference brought together governments, regulators, supervisors and overseers, and global standard-setting bodies with the timely theme “New Frontiers in the Supervision and Oversight of Digital Financial Services.” Over two-days, participants examined ways to foster financial inclusion through innovation in digital finance while protecting consumers and financial stability.
Woman at a silk weaving workshop. Photo credit: World Bank
Sep 28, 2016 |
At the Global SME Finance Forum that took place in September 19-21, in Beijing, China, leaders from banks, fintech companies and development finance institutions discussed innovations to unlock new opportunities in small business finance following the recently endorsed G20 Action Plan on SME Financing Implementation Framework. During a three-day conference, four hundred representatives of leading banks and financial technology firms from 50 countries gathered in Beijing discussed how to leverage technology, big data, bitcoin and artificial intelligence towards transforming small business finance.  Participants in the SME Finance Forum. Photo credit: SME Finance Forum 
Participants in the G20 Hangzhou Summit
Sep 13, 2016 |
G20 Leaders committed to taking “concrete actions” to accelerate access to finance globally, “particularly in the area of digital financial inclusion”. Participants in the G20 Hangzhou Summit. Photo credit: OECD