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