News

News

Mar 24, 2022 |
The Indonesia G20 Presidency held an International Seminar on Digital Financial Inclusion on 2 February 2022, back to back with the First Plenary Meeting. The objective of the seminar was to showcase policy and program to expand the use of digital financial services in supporting economic and financial inclusion. The seminar also shared best practices of the use of affordable and responsible digital financial services from policy makers, regulators, industries, and other relevant stakeholders to boost financial inclusion.
Mar 24, 2022 |
On 3-4 February 2022, the GPFI met virtually for the first time under the Indonesian G20 Presidency. Group members discussed the GPFI work programme for 2022, based on the priorities established by the Presidency and the commitments in the GPFI's Financial Inclusion Action Plan (FIAP). The Plenary agenda focused on three topics: (i) Digital Financial Inclusion; (ii) SME Finance; and (iii) the OECD review of the G20 High-Level Principles on Financial Consumer Protection.
Mar 24, 2022 |
Under the Indonesia G20 Presidency, the Global Partnership for Financial Inclusion (GPFI) in collaboration with the SME Finance Forum organized a G20 Workshop on 'Digital and Innovative Financial Products and Services for MSMEs Beyond Credit'. The aim was to encourage the participation of GPFI members and the public to contribute to the preparation of a living database that will contain examples of successful financial products and services for “beyond credit” MSMEs. The workshop was opened by Chairman of Fiscal Policy Agency, Indonesia Ministry of Finance, Febrio Kacaribu.
Mar 24, 2022 |
In January 2022, Indonesia G20 Presidency released its GPFI Presidency’s Priorities Paper 2022. The GPFI under Indonesia Presidency will focus on digital financial inclusion and SME Finance. This focus is coherent with the G20 2020 Financial Inclusion Action Plan (FIAP) and is aligned with the Indonesia Presidency theme, which is “Recover Together, Recover Stronger”.
Mar 24, 2022 |
In coherence with the provisions contained in the G20 2020 Financial Inclusion Action Plan (FIAP), in 2022 the GPFI led by the Co-Chairs together with the Indonesian G20 Presidency and the Troika will accomplish four deliverables:
Nov 18, 2021 |
On 4-5 October 2021, the Italian G20 Presidency hosted in the premises of the Bank of Italy in Rome the G20 GPFI High-Level International Symposium 'Coping with new (and old) vulnerabilities in the post-pandemic world'. The aim of the Symposium was to present to the international community the work carried out by the GPFI in 2021 and to hear from high-level academic and institutional experts on how to leverage on digitalization to leap forward in terms of financial inclusion, while limiting the risks of exclusion related to digitalization itself. Specialists shared their insights and knowledge on the impact of digital finance on financial inclusion of individuals and SMEs, including by gender, and the role that financial education and consumer protection can play in overcoming knowledge barriers, build trust and guide innovation towards more customer-oriented and responsible digital financial products.
Nov 18, 2021 |
Informed by the main results stemming from four of the six Reports produced by GPFI implementing partners (link to the other news), the GPFI under the Italian G20 Presidency delivered the G20 Menu of Policy Options for digital financial literacy and financial consumer and MSME protection “Enhancing digital financial inclusion beyond the COVID-19 crisis”.  The Policy Options contained in the Menu are grouped into three pillars: (i)           addressing the impact of the crisis and thinking ahead;
Nov 18, 2021 |
On 6 October 2021, the GPFI hosted the Third Plenary Meeting with the objective to provide an overview of the deliverables that have been accomplished under the Italian G20 Presidency and obtain the final approval by GPFI members. The Meeting represented also an occasion to start discussing some relevant issues that will need to be addressed by the GPFI going forward, in particular the issue of data collection for SME financing. The incoming Indonesian G20 Presidency has outlined the main features of the program they intend to pursue in 2022. Under the general headings “Recover together, recover stronger”, the efforts of the GPFI community will be directed towards a continued promotion of financial inclusion through digitalization, with the aim to increase productivity and support a sustainable and inclusive recovery.
Nov 18, 2021 |
The document reviews the more recent evolution of remittances transfer costs as well as the progresses accomplished by G20 countries in the realisation of their respective 2019 National Remittances Plans.
Nov 18, 2021 |
Under the Italian G20 Presidency, the GPFI took stock of countries’ strategies to tackle the challenges and seize the opportunities for financial inclusion posed by the pandemic. In line with the objectives of the G20 2020 Financial Inclusion Action Plan, and building upon the far-reaching work done during past G20 Presidencies, GPFI implementing partners have produced six reports, which present the policy responses and innovative approaches that have proved effective in mitigating the impact of the crisis and could guide policymakers in designing the recovery phase with a view to the future: