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World Bank Group Donor Forum 2011
May 18th, Paris
The G20 Global Partnership
on Financial Inclusion
2
Presentation of the Global Partnership for Financial inclusion
The three GPFI workstreams
Main expected outcomes for the Cannes summit
3
The G20 Financial inclusion pillar addresses two fundamental
challenges of the „access to finance‟ agenda
…
Individuals
Microfinance
Micro entreprises
…
SMEs
Corporate finance
Corporations
> 2 Bn adults lack
access to basic
financial services
> 70 % of SMEs in
developing markets
lack access to credit
4
Origin of the Global Partnership for Financial Inclusion
September 2009, Pittsburgh
Launch of the G20 Finance Inclusion Expert Group with two subgroups to
adress the two identified issues.
November 2010, Seoul
Launch of the Global Partnership for Financial Inclusion, a dedicated,
inclusive, longer-term partnership.
The GPFI will (i) facilitate an efficient and effective information sharing mechanism;
(ii) coordinate the various financial inclusion efforts (iii) provide systematic
monitoring of progress over time (iv) mobilize financial support for activities as
needed, and (v) launch and coordinate taskforces to address specific financial
inclusion issues (e.g. financial inclusion data).
Seoul Multi-Year Action Plan on Development
5
The Global Partnership for Financial inclusion
Key implementing
partners
Co-chairs:
the G20 troïka
+Any other interested
non-G20 country
(government or central
bank)
+Any other interested stakeholder
(international organization,
foundation, …)
6
Financial inclusion is both an item of the G20 Finance agenda and
one of the nine G20 development “pillars”
G20 Leaders
G20 Development
Working group
Infrastructure
Human Resource Development
Trade
Private Investment and Job Creation
Food Security
Growth withResilience
Financial Inclusion
Domestic Resource Mobilization
Knowledge Sharing
G20 Finance Ministers and Central Bank Governors
GPFI includes three subgroups
• Diffusion/implementation of financial inclusion (FI) Principles
• Integration of FI goals in financial regulations
Principles and link with the Standard
Setting Bodies
• Identification of successful SME finance models
• Scaling up of successful SME finance models
SME Finance
• Measurement of the state of financial inclusion
• Targets definition
Data and Measurement
Achievements so far
• 9 Principles for innovative financial inclusion, elaborated and accepted by all in Toronto
• Partnership with the main SSBs: FATF, BCBS, CPSS, IAIS, IADI + OECD, FSB
Principles and link with the Standard
Setting Bodies
• 2010 stocktaking report “Scaling-up SME access to financial services in the developing world”
• 14 winning proposals of the SME Finance Challenge
SME Finance
• New subgroup, which will build upon important work already completed on data by some countries/institutions
Data and Measurement
General axis for 2011-2012 work
• G20 members to commit to the implementation of Principles
• Assist countries in devising national financial inclusion plans
• Embed consideration of financial inclusion in the work of the SSBs, within the scope of their mandates
Principles and link with the Standard
Setting Bodies
• Set up a global Financing framework to scale-up successful SME finance models
• Additional focus on women entrepreneurship, SMEs in the agricultural sector and in less developed countries
SME Finance
• Survey on existing data sources, initiatives and methodology
• Elaboration of common framework, and steps toward national and global targets
Data and Measurement
Mid-July
Finance Ministers Deputies meeting,
Paris
October 1st
GPFI Forum,
Riviera Maya, Mexico
October
Finance Ministers meeting,
Paris
November 3rd-4th
G20 Leaders Cannes Summit
The road to the Cannes Summit