GPFI MEETING WITH GERMANY G20 PRESIDENCY

Global Partnership for Financial Inclusion (GPFI)

The Global Partnership for Financial Inclusion (GPFI) held its 3rd Meeting under the German G20 Presidency on 12 October 2017 in Washington D.C.

The German Presidency presented financial inclusion results of the G20 Hamburg Summit.  A new study was also launched, entitled “Financing for SMEs in Sustainable Global Value Chains”.

The GPFI members confirmed the new mandate of the Temporary Steering Committee (TSC) on “Financial Inclusion of Forcibly Displaced Persons”. The Committee will lead the Roadmap process towards ‘sustainable and responsible financial inclusion of forcibly displaced persons’ by 2018.  The Roadmap was requested by the G20 leaders in the G20 Hamburg Action Plan.

Data protection in digital financial services remained important for members of the meeting. The members expressed a critical need for consumer data protection and privacy, which builds on findings in the report, G20 High-Level Principles for Digital Financial Inclusion.  Likewise, the 2017 theme of  the Responsible Finance Forum in Berlin focused on these same issues.

The incoming Argentine Presidency introduced planned priorities for 2018 with GPFI members.  The Subgroups subsequently addressed the Argentine priorities and took concrete steps to finalize the GPFI Subgroup Terms of Reference.

A Summary of the Proceedings from the 2017 G20 Global Partnership for Financial Inclusion Forum can be found here.

This post was originally published on the GPFI website.