Global Partnership for Financial Inclusion: UPSC Daily Important Topic | 14 January 2023

Global Partnership for Financial Inclusion

The first ‘Global Partnership for Financial Inclusion’ meeting of the G20 will begin in Kolkata.

The 3-day meeting will focus on the principles of digital financial inclusion, remittance costs and SME finance availability.

Twelve international speakers will attend this G20 meeting, including senior officials from the World Bank, Monetary Authority of Singapore, France and Estonia.

The Global Partnership for Financial Inclusion (GPFI) was officially launched on 10 December 2010 in Seoul.

The GPFI is an inclusive platform for all G20 countries, interested non-G20 countries and relevant stakeholders to carry forward work on financial inclusion.

The GPFI also carry forward the implementation of the G20 Financial Inclusion Action Plan, endorsed at the G20 Summit in Seoul.