Responsible Finance Forum

Global Partnership for Financial Inclusion Forum

The Global Partnership for Inclusion (GPFI) Forum has become an annual cornerstone of the GPFI’s activities. At the Forum, the GPFI presents its work to a broader audience, going beyond its members. Usually taking place back-to-back to the GPFI’s plenary meeting, the forum offers a unique opportunity for reaching out and networking. In 2017, the GPFI Forum was hosted on 2-3 May in Berlin by the German G20 Presidency, paving the way to the G20 summit on 7-8 July 2017 in Hamburg, Germany.
The meeting provided a space for exchange and dialogue and attracted around 270 participants from more than 60 countries. In 12 sessions, experts from many different backgrounds reflected on the GPFI’s current priorities. Important stakeholders from G20 and non-G20 countries, from the private sector, from financial service providers and Fintechs, from government agencies and central banks, regulators and development experts gave important inputs that already have affected and will continue to influence GPFI’s scope of work.
The GPFI was created by G20 leaders at the Seoul Summit in 2010. The Partnership is committed to advancing financial inclusion globally by increasing access to and usage of sustainable formal financial services, thereby expanding opportunities to underserved and excluded households and enterprises. Despite a 20 percent increase 2011-2014 in the number of adults with access to formal financial services worldwide, there are still two billion people – more than half of the adult population – and 300 million businesses that are excluded from the formal financial system.
In 2017, the GPFI reviewed and updated its strategy. The 2017 G20 Financial Inclusion Action Plan (FIAP) aligns the work of the GPFI with the 2030 Agenda and the Addis Ababa Action Agenda and addresses the opportunities and challenges for financial inclusion through advances in digitization. These two central themes guided us through the two-day GPFI Forum. Financial Inclusion is a prerequisite for achieving many of the Sustainable Development Goals (SDGs) outlined in the 2030 Agenda. It is about “leaving no one behind”, it contributes to eradication of poverty and inequality, to gender equality and many other SDGs. The new FIAP puts a special emphasis on vulnerable and underserved groups, a focus we reflected on in the sessions dedicated to financial inclusion of youth, people in rural areas, and forcibly displaced persons – gender being a crosscutting theme in several of the discussions. We further wanted to show how financial inclusion contributes to the G20 Partnership with Africa. We were overwhelmed and humbled by the huge interest and great response and by the positive feedback we received from many participants at the forum. Our intention with this brochure is to summarize the main takeaways from the official panel sessions so that subsequent presidencies can refer to and build on the event.