2nd Global Partnership Fro Financial Inclusion Meeting : G20
The second Meeting of the Global Partnership for Financial Inclusion GPFI under G20 India Presidency concluded today in Hyderabad.
The meeting held from March 6-7, 2023 was led by GPFI Co-Chair and G20 India Presidency and saw participation from Ministry of Finance and Central Bank representatives from G20 and non-G20 countries and International Organisations including GPFI Implementing Partners and Affiliated Partners.
DISCUSSIONS
- During the Plenary, the GPFI members discussed and agreed on the way forward for important deliverables for the year including those on Digital Financial Inclusion, SME Finance.
- A dedicated workshop was also organised for the development of GPFI Financial Inclusion Action Plan FIAP 2023 which will guide the financial inclusion work under G20 for 2024-26.
- A Symposium on Digital Innovations in Payments and Remittances was also organised on March 6, 2023 on the side lines of the GPFI meeting for both G20 and non-G20 countries.
- The Symposium hosted a Panel Discussion on Harnessing Digital Innovations in Payments Systems for Financial Inclusion, Resilience, Productivity Gains, and Inclusive Growth moderated.
- The GPFI Meeting was preceded by a Knowledge and Experience Exchange Programme for the Emerging Economies of the Global South held from March 4-6, 2023.
- This engagement with the global south is in line with the overall theme of G20 India Presidency i. e. One Earth, One Family, One Future.
- The Exchange Programme was addressed by Shri. Harsh Vardhan Shringla, Chief Coordinator, G20 India Shri. Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance Shri. Jayesh Ranjan, Principal Secretary, Department of Industries Commerce IC and Department of Information Technology IT, Government of Telangana along with other experts from India and international participants.
PARTICIPANTS
Ministry of Finance and Central Bank representatives from Bangladesh, Bhutan, Egypt, Ethiopia, Ghana, Jordan, Malawi, Maldives, Nepal, Oman, Philippines, Poland, Senegal, Sierra Leone, Sri Lanka, Thailand, Vietnam as well as from Regional Organizations, namely, the Asian Development Bank, the African Union Commission, the African Continental Free Trade Area (AfCFTA), the Arab Monetary Fund, the Eastern Caribbean Central Bank, the Gates Foundation, the Organisation of Eastern Caribbean States and Smart Africa actively participated in the deliberations.
KEY POINTS OF THE MEETING
- Key learnings emerged from the Exchange Programme on the priorities and ideas of EMEs for advancing financial inclusion.
- G20 India Presidency is committed to advancing financial inclusion globally and to bring to fore the voice of emerging economies to the G20 discourse.
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