The GPFI held its 3rd Meeting under the German G20 Presidency on 12 October 2017 in Washington D.C. The German Presidency presented the relevant financial inclusion results of the G20 Hamburg Summit and the incoming Argentine Presidency introduced planned GPFI priorities for 2018 and discussed these with GPFI members. Furthermore, the stocktaking study “Financing for SMEs in Sustainable Global Value Chains” was launched at the GPFI Meeting.
GPFI members agreed on renewing and confirming the mandate of the Temporary Steering Committee (TSC) on “Financial Inclusion of Forcibly Displaced Persons”. The TSC will lead the process of developing a roadmap for ‘sustainable and responsible financial inclusion of forcibly displaced persons’ by 2018 as requested by the G20 leaders in the G20 Hamburg Action Plan.
Data protection in digital financial services was another key topic addressed during the GPFI Meeting. The GPFI members discussed financial consumer protection and data privacy in the light of the G20 High-Level Principles for Digital Financial Inclusion and the results of the 2017 Responsible Finance Forum.
The Subgroups also discussed how to reflect the Argentine priorities in their work and took concrete steps to finalize the GPFI Subgroup Terms of Reference.
Photo credit: SME Finance Forum (Family photo).