News

News

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:
Nov 18, 2021 |
In compliance with the provisions set out in the 2020 Financial Inclusion Action Plan and the Terms of Reference – as approved in October 2020 under the Saudi Arabia G20 Presidency – the Co-Chairs Magda Bianco and Anna Zelentsova have drawn up the first edition of the Report. Its aim is to summarise the progresses achieved by the GPFI throughout 2021 under the Italian G20 Presidency.
Nov 18, 2021 |
On 30-31 October 2021 the G20 Leaders met in Rome to address the most pressing global challenges and to converge upon common efforts to recover better from the COVID-19 crisis and enable sustainable and inclusive growth.
Aug 9, 2021 |
The first day of the meeting was dedicated to remittances. Important objectives have been achieved in this area, especially in reducing the average cost of transfers. However, it appears to be necessary to continue to monitor the market at an international level to continue on a path of ever-greater efficiency. The offer conditions and service levels are not yet satisfactory, especially for some corridors and for some countries. These activities are even more critical if one consider that, despite the difficulties posed by the pandemic, the flows of remittances have remained substantially stable, confirming that they are a necessary and irreplaceable source of funding for recipient families in the poorest countries.
Apr 6, 2021 |
During the meeting, which was divided into four sessions, the Group members discussed the GPFI work programme for the upcoming year, based on the priorities established by the Presidency and the commitments in the GPFI's Financial Inclusion Action Plan (FIAP).  The focus of the meeting was on the best strategies to increase citizens' and businesses' awareness of digital finance opportunities and of the safeguards aimed at protecting them from the risks of financial exclusion. The GPFI also addressed the issue of migrants' remittances. Click here to read the plenary agenda. Click here to read the co-chairs' summary of the plenary.
Nov 30, 2020 |
  In the G20 Riyadh Summit Leaders’ Declaration, the G20 Leaders have stated the following “We also endorse the G20 High-level Policy Guidelines on Digital Financial Inclusion for Youth, Women, and SMEs prepared by the Global Partnership for Financial Inclusion (GPFI). We welcome the 2020 G20 Financial Inclusion Action Plan, which will guide the work of the GPFI for the next three years.”