News
Nov 29, 2023 |
GPFI News
The Fourth G20 Global Partnership for Financial Inclusion (GPFI) Meeting was held in Mumbai from September 14-16, 2023. The three-day meeting saw G20 GPFI delegates engaging in thought-provoking discussions on energizing growth for MSMEs, empowering consumers through digital financial literacy and consumer protection, as well as key priority areas of GPFI, namely, digital financial inclusion and SME Finance. The GPFI Plenary Meeting saw discussions on GPFI work regarding the implementation of G20 GPFI High-Level Principles for Digital Financial Inclusion, Update of National Remittance Plans and SME best practices and innovative instruments to overcome common constraints in SME financing.
Nov 29, 2023 |
GPFI News
On the sidelines of the fourth GPFI meeting, the G20 India Presidency organized a symposium on 14 September 2023, involving international experts engaging around two key themes: “Energizing MSMEs for Higher Economic Growth through Digital Public Infrastructure” and “Credit Guarantees and SME ecosystems.” The Symposium on energizing MSMEs was addressed by Shri Ajay Seth, Secretary (Economic Affairs), Ministry of Finance; Shri T. Rabi Sankar, Deputy Governor (RBI); Mr. Mohamed Gouled, Vice President (International Finance Corporation) and Dr. Arjun Kumar Karki, Global Coordinator-LDC Watch and Former Ambassador of Nepal to USA. Through two panel discussions, global panelists deliberated upon approaches to bridge the challenges faced by MSMEs through innovative measures like DPI for bridging the credit gap, promoting transparency, enhancing affordability, and driving innovations and productivity gains.
Nov 29, 2023 |
GPFI News
The G20 India Presidency organized a symposium on 16 September 2023 on the theme “Advancing Financial Inclusion through Digital Public Infrastructure: Empowering Consumers through Digital and Financial Literacy and Consumer Protection.” The Symposium was addressed by Shri Harsh Vardhan Shringla, Chief Coordinator (G20, India), Dr. V. Anantha Nageswaran (Chief Economic Advisor, Ministry of Finance, Government of India), Shri K.V. Shaji Kumar (Chairman, NABARAD) and saw engaging discussions on building digital ecosystems which enable digitally and financially empowered individuals and enterprises.
Sep 20, 2023 |
GPFI News
On 9-10 September 2023 the G20 Leaders in New Delhi endorsed the following GPFI documents prepared under the G20 Indian Presidency:
Sep 13, 2023 |
GPFI News
The Third GPFI Plenary under the G20 Indian presidency was held on 25-26 June 2023 in Bali, Indonesia. The focus of the two-day meeting was to discuss, agree and finalize the (i) GPFI Presidency annual priority paper: “G20 Policy Recommendations for Advancing Financial Inclusion and Productivity Gains through Digital Public Infrastructure”; (ii) The G20 Financial Inclusion Action Plan (FIAP) 2023 (iii) Updated GPFI Terms of References (ToR) 2023; (iv) Regulatory Toolkit for Enhanced Digital Financial Inclusion of Micro, Small and Medium Enterprises; and (v) 2023 Update to Leaders on Progress towards the G20 Remittance Target. In addition, the progress of the other GPFI deliverables was also discussed, namely, (i) Report on progress in implementing the G20 GPFI High-Level Principles on Digital Financial Inclusion.
Sep 13, 2023 |
GPFI News
On 24 June 2023, the G20 Indian Presidency organized an International Symposium on ‘Experience Sharing on Digital Public Infrastructure for Advancing Financial Inclusion and Productivity Gains towards attaining Sustainable Development Goals (SDGs)’ on the sidelines of the third GPFI meeting. Brazil, Indonesia, Saudi Arabia, and Türkiye shared their insightful and productive experiences accelerating financial Inclusion in their respective countries by leveraging Digital Public Infrastructure (DPI). Further, the discussions emphasized the significant role of DPI in promoting inclusive economic growth and achieving sustainable development.
Sep 13, 2023 |
GPFI News
The document reviews the more recent evolution of remittances transfer costs as well as the progresses accomplished by G20 countries in the realization of their respective National Remittances Plans.
Sep 13, 2023 |
GPFI News
In compliance with the provisions set out in the 2020 Financial Inclusion Action Plan and the Terms of Reference the reports summarise the progresses achieved by the GPFI throughout 2023 under the Indian G20 Presidency and over the 3-year period 2021-23.
May 3, 2023 |
GPFI News
On 6-7 March 2023 the GPFI met in Hyderabad for the Second Plenary Meeting under Indian G20 Presidency. Among other agenda items, discussions were held on the deliverable under the Presidency’s GPFI annual priority, “Leveraging Digital Public Infrastructure for Financial Inclusion and Productivity Gains” as well as on the new Financial Inclusion Action Plan (FIAP) (2023-26). The plenary agenda also focussed on other GPFI priorities: (i) Assessing Progress in the Implementation of the HLPs on DFI: (ii) New Deliverables on Digital Remittances; (iii) the Regulatory Toolkit; (iv) the Report on Digital and Innovative Products and Services for MSMEs; and (v) Data Harmonization.
May 3, 2023 |
GPFI News
On 4-6 March 2023, on the side-lines of the Second Plenary Meeting of the GPFI, the Indian G20 Presidency, with the support of Better Than Cash Alliance (BTCA), organised a “Knowledge and Experience Exchange Programme” on “Advancing Financial Inclusion through Digital Public Infrastructure (DPI) for the Emerging Economies of the Global South” in Hyderabad. The event brought together representatives from 17 countries and many regional organisations of the Global South. The programme saw a fruitful engagement with these countries by providing them a platform to exchange their development experiences in financial inclusion. Also, it gave valuable insights into their expectations and aspirations for the financial inclusion work being undertaken by the GPFI.
