The note gives the rationale for financial inclusion target-setting, provides an overview of the main approaches to target-setting and sketches the global context in which target-setting is being discussed. The conclusion is reached that target-setting and monitoring should be undertaken at the national (country) level, with global aspirational goals being helpful to prioritise financial inclusion efforts. The note was accepted by the GPFI at the Plenary meeting in St. Petersburg and represents the view of the group on the most appropriate way in which to pursue this very important aspect of financial inclusion.