Publications
Report | Nov 24, 2015
This report summarizes GPFI activities throughout the end of 2014 and nine months of 2015, presents the main achievements under the Turkish Presidency and describes the outlook for the rest of 2015 and into the start of the Chinese Presidency.
Report | Nov 19, 2015
The report, Inclusive Growth and Development: 2015 Antalya Development Roadmap, highlights the work of the G20 Development Working Group (DWG) in 2015 and looks ahead to 2016.
In 2015, the DWG and the Global Partnership for Financial Inclusion (GPFI) collaborated with the Investment and Infrastructure Working Group (IIWG) on the G20 Joint Action Plan on SME Financing. The new GPFI private sector engagement strategy and the SME Finance Forum, which will evolve into a global membership body for private and public financial institutions, will be central instruments for the private sector engagement, the report says.
In addition, the GPFI worked on uncovering innovative ways to finance the agricultural sector in developing countries, in order to mainstream food security in financial inclusion, the report states, and developed a Consultation Document for the 2nd edition of the GPFI White Paper “Global Standard-Setting Bodies and Financial Inclusion for the Poor- The Evolving Landscape,” to be released with the active participation of the standard-setting bodies’ secretariats.
Report | Nov 19, 2015
G20 Leaders, in the Antalya Action Plan, said they "are taking collective actions to promote financing for SMEs, especially in emerging economies, by improving systems for credit reporting, lending against movable collateral, and insolvency reforms." In addition, they weclomed the launch of the SME Finance Forum’s global membership network, as well as the progress made in scaling-up support to SME finance in low income developing countries through new partnerships under the SME Finance Compact.
The Antalya Action Plan sets out the G20’s plan for decisive actions to strengthen the global economic recovery and foster strong, sustainable and balanced growth. Read the full report.
Report | Nov 19, 2015
The GPFI Markets and Payment Systems Subgroup requested the World Bank Group, the Better Than Cash Alliance and the Alliance for Financial Inclusion to provide an overview of those areas in the payments value chain where recent digital and business model innovations are opening up new possibilities, particularly in developing countries where the need for financial inclusion is the most acute. An analytical framework is suggested in the report, enabling the structured assessment of payment innovations supporting further supporting financial inclusion.
Report | Nov 19, 2015
Under the Turkish Presidency, the GPFI through its implementing partners, the World Bank Group in collaboration with the Alliance for Financial Inclusion, organized a one-day workshop in Antalya, September 2015 on SME Finance. This report highlights challenges, solutions and recommendations that emerged from the workshop.
In an effort to promote SME finance policies and approaches that spur economic growth, the G20 GPFI announced the SME Finance Compact in 2012. The GPFI announced an SME Finance Compact in 2012, to promote the development of innovative models and approaches to address the specific challenges and constraints faced by low income developing countries (LIDCs) with regard to SME finance.
Report | Nov 19, 2015
This report summarizes GPFI activities throughout the end of 2014 and nine months of 2015, presents the main achievements under the Turkish Presidency and describes the outlook for the rest of 2015 and into the start of the Chinese Presidency.
Report | Nov 19, 2015
At the request of the GPFI Markets and Payment Systems Subgroup, the International Fund for Agricultural Development, supported by the World Bank Group, provided an overview of the nexus between remittances and financial inclusion. The report, endorsed by G20 Leaders in November 2015 in Antalya, categorizes the trends in leveraging remittances to enhance financial inclusion and stresses the importance of maximising the economic impact of remittances on sustainable development.
Report | Nov 19, 2015
The GPFI requested the World Bank Group to undertake a survey amongst G20 countries on the effect of banks’ de-risking actions on the scale and scope of account closures of money transfer operators. The relatively low response rate from the private sector participants impaired some generalised observations, but the de-risking phenomenon was confirmed, although more evident in some jurisdictions than in others. The report, endorsed by G20 Leaders in November 2015 in Antalya, examines the impact on remittance service providers and provides a set of recommendations to deal with the situation.
Report | Nov 19, 2015
This OECD International Network on Financial Education (INFE) progress report on financial education for micro, small and medium-sized enterprises (MSMEs) and potential entrepreneurs provides an update on the main activities of the OECD/INFE in relation to financial education for MSMEs, including an Issue Note highlighting the importance of the INFE work-stream on MSMEs and its intended direction of work, as agreed by OECD/INFE members. This report was endorsed by G20 Leaders in November 2015 in Antalya.
Report | Nov 19, 2015
There are an estimated 215 million international migrants working in a globalised economy, the majority of whom are remitting money to their home country. The OECD, G20 and GPFI recognise the importance of such remittances in contributing to the financial resources of many countries.
Remittances are also a vital component of household income for families, reducing poverty and creating opportunities for investment in education and enterprise. Well designed, low-cost remittance products can help to maximise the benefit of money sent abroad whilst also providing a valuable stepping stone towards increased financial inclusion in both the home and host country.
