This report summarizes GPFI activities from October 2016 to July 2017, presents the main achievements under the German Presidency and describes the outlook for the rest of 2017 and into the start of the Argentinean Presidency.
Guided by the three pillars of the German G20 Presidency: ‘building resilience, improving sustainability, and assuming responsibility’, in 2017 the GPFI works towards further strengthening the functioning of the GPFI and pursues the implementation of the 2014 G20 FIAP and subsequent 2017 G20 FIAP. This year, the GPFI puts particular focus on:
- Review and Update of the G20 Financial Inclusion Action Plan;
- Implementation of the G20 High-Level Principles for Digital Financial Inclusion;
- Implementation of the G20 Action Plan on SME Financing; and
- Increased focus, underpinned by policy work, on the financial inclusion of vulnerable groups, i.e. forcibly displaced persons.
These four priorities, plus action areas, cross-cutting issues, and overarching objectives outlined in the 2014 G20 FIAP, and subsequently in the 2017 G20 FIAP, guide the work of the GPFI in 2017. Special attention is paid to the financial inclusion of underserved groups, notably women and youth, and vulnerable groups, including poor people and people living in remote rural areas.