News

News

Jun 13, 2024 |
The report “Promoting financial inclusion through digitalization of remittances”, produced by IFAD with contributions by the World Bank, seeks to provide a compendium of best practices, showcasing the benefits of digital solutions in enhancing financial inclusion and reducing remittance costs. This collection of knowledge is intended to inform G20 member states, policymakers, and stakeholders about successful strategies in digital remittance adoption, serving as a valuable resource for guiding future endeavours in leveraging digitalization for remittance efficiency and accessibility.
May 14, 2024 |
On 15-16 March 2024, the Global Partnership for Financial Inclusion (GPFI) met in Brasilia, Brazil, for the first in-person Plenary Meeting under Brazil G20 Presidency. The plenary agenda focussed upon the GPFI priorities for 2024, which are: (i) policy options for improving “last mile” access and quality inclusion for individuals and MSMEs through digital infrastructure, including Digital Public Infrastructure (DPI), Consumer Protection and other FIAP objectives; (ii) New G20 Action Plan for MSME Financing and (iii) a conceptual framework and measurement tools of financial well-being (Presidency priority).  
May 14, 2024 |
On 14 March 2024, the G20 Brazilian Presidency organized an International Seminar on ‘Powering Growth – Unlocking MSME Finance Through Policies, Innovation and Partnerships’ on the sidelines of the first GPFI meeting. The event was the result of a partnership between the Banco Central do Brasil, Sebrae (the Brazilian Micro and Small Business Support Service) and SME Finance Forum and brought together experts from Brazil and from different parts of the world.
Mar 4, 2024 |
The progress report on the implementation of the HLPs globally is one of the key deliverables under the 2020 FIAP. The report is based on the responses of a survey that was circulated among G20 and non-G20 countries, and it has been complemented by desk research and data collected through global financial inclusion surveys.  
Mar 4, 2024 |
In coherence with the provisions contained in the G20 2023 Financial Inclusion Action Plan (FIAP), in 2024 the GPFI will accomplish the deliverables provided for in the 2024 Annual Plan.
Nov 29, 2023 |
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 |
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 |
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 |
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 |
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.