Report | Feb 1, 2018
This Policy Paper is the result of an ongoing stakeholder dialogue and research effort launched under our German G20 Presidency, involving G20 and non-G20 countries, humanitarian and development organizations, private and financial sector actors, as well as NGOs and academia. It describes the potential of financial inclusion allowing FDPs to live up their (economic) potential and thereby contribute to host societies. It summarizes common challenges related to the financial inclusion of the vulnerable and very heterogeneous target group of FDPs in different contexts and stages of displacement.The Policy Paper calls on all stakeholders to engage in the implementation of the identified priority action areas toward enabling their financial inclusion:DIALOGUE AND COOPERATION: improve
Report | Nov 9, 2017
This annual report, published by the Honorary Patron of the GPFI, Queen Máxima of the Netherlands —UN Secretary-General's Special Advocate for Inclusive Finance for Development— lays out three priorities for action that could accelerate financial inclusion: ensuring development impact, promoting supportive policies for digital financial inclusion, and reaching neglected populations such as farmers, women, and small businesspeople.Financial inclusion is now firmly established as a powerful tool to improve lives and strengthen development. Great progress has been made. But with the Sustainable Development Goals on the horizon and inequality growing globally, the stakes are high.
Report | Jul 24, 2017
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; andIncreased focus, underpinned
Report | Nov 28, 2017
In 2017, G20 countries are updating National Remittance Plans to encompass key G20 commitments since the finalization of the plans under Turkey’s 2015 G20 Presidency. This will include alignment with the 2030 Agenda and Addis Ababa Action Agenda, consideration of the impact of ‘de-risking’ activities on remittance flows and costs, and application of the 2016 G20 High-Level Principles for Digital Financial Inclusion. The updated National Remittance Plans will be finalized by the end of the German G20 Presidency. Non-G20 GPFI countries being a large source of remittance outflows worldwide will be encouraged to share information on their national remittance measures to enable cross-border remittance flows.Moving forward, G20 countries should continue to focus on cost reduction objectives,
Report | Apr 12, 2018
The 2017 G20 FIAP, a revision of the earlier 2010 and 2014 editions, reaffirms the G20 Leaders' commitment to advance financial inclusion benefiting all countries and all people, including in particular underserved groups (such as the poor, women, youth, and people living in remote rural areas) and vulnerable groups (which include elderly people, migrants, forcibly displaced persons).Under this revised G20 FIAP, the GPFI identifies four key drivers that will set the stage for continuing the progress in achieving financial inclusion: (1) recognition of the 2030 Agenda for Sustainable Development as the overarching framework for sustainable development globally; (2) the rapid development and penetration of digital innovations; (3) increased attention to the importance of responsible access
Report | Jul 18, 2017
This report takes stock of the work of the G20 GPFI under the 2014 G20 Financial Inclusion Action Plan (FIAP). The 2014 FIAP contains 10 action areas and a results framework, which defines a set of five cross-cutting issues that are relevant for the work of the GPFI as such and all Subgroups. The 2014 FIAP was put into practice mainly by the four Subgroups of the GPFI and their Implementing Partners. The GPFI produced numerous outputs since 20141. Several of those had and continue to have a direct effect on the implementation of (inter)national policies and regulations, as well as private sector activities that facilitate financial inclusion. Further, the GPFI has responded to additional financial inclusion commitments made by the Leaders since the adoption of the FIAP through its work.
G20/OECD INFE REPORT Ensuring financial education and consumer protection for all in the digital age
Report | Jul 18, 2017
Prepared by the OECD International Network on Financial Education (OECD/INFE) through an iterative consultation process between 2015 and 2017, this report supports Principle 6 of the High-Level Principles for Digital Financial Inclusion and contributes to G20 and GPFI efforts to prioritise their implementation. It discusses the implications of the digitalisation of finance for financial education and relevant consumer protection issues and provides an overview of digital financial services around the world. It also explores the challenges and opportunities resulting from today’s digital revolution for consumers, small businesses and particularly disadvantaged groups; and illustrates the use of digital tools to deliver financial education, while addressing the role of public, private and
Report | Jul 18, 2017
Small and Medium-Sized enterprises (SMEs) make up a large majority of businesses globally and play a crucial role in global economic development through job creation, economic growth, and innovation. For the health of the global economy, it is imperative that they have access to the needed credit to grow and expand. Credit infrastructure (CI) remains an important element in ensuring that SMEs (and others) have access to credit when needed and at the lowest possible cost.The G20 countries have committed to implementing reform in the three CI areas based on this baseline report and to monitor progress every two years. Aimed at capturing the strengths and areas of improvement for the G20 countries in each of the areas of credit infrastructure (CI), this report is expected to be used as the
Report | Jun 15, 2017
The world’s stock of digital data will double every two years through 2020, fueled by the phenomenal intersection of and growth in mobile, cloud, big data and electronic payments. This G20 report takes stock of the range of data, and the range of institutions using the data. It considers the opportunities alternative data presents to narrow the financing gap for SMEs. It also notes the new issues and potential risks raised by this massive increase and diversification of data supply to financial sector stability, and to consumer protection.
| Apr 20, 2017
This is the 2017 Work Plan for the GPFI Markets and Payment Systems Subgroup.The overall goal of the Subgroup is to advance utilisation of payment systems including remittances in the pursuit of increased and sustainable financial inclusion. The Subgroup will focus on emerging technologies and business models and will incorporate strong links to market based approaches through engagement with financial service providers. The Subgroup responds to the call in the G20’s St. Petersburg Development Outlook for the GPFI to explore in 2014 “targeted actions to harness emerging mechanisms such as electronic payments and mobile technology that can significantly improve access”.
