GPFI Plenary Meets in Perth

On 2 September 2014, the G20’s Global Partnership for Financial Inclusion (GPFI) met in Perth, Australia, to discuss progress with and next steps for the G20 in assisting countries to bring financial services to the 2.5 billion people and more than 200 million small and medium sized enterprises (SMEs) currently not being served by the formal financial system.
 
Under the Australian presidency, the GPFI has focused on reviewing progress against the G20 Financial Inclusion Action Plan and updating the Action Plan to address new challenges and opportunities. At the 2 September meeting, delegates discussed and endorsed an updated Financial Inclusion Action Plan that includes a specific focus on the role of emerging technologies in advancing financial inclusion. The Plan contains clear and measurable goals and indicators of success. Delegates also agreed to revised Terms of Reference for the GPFI and a work plan for 2014.