The G20's GPFI invites public comments on the White Paper, Global Standard-Setting Bodies and Financial Inclusion: The Evolving Landscape, released as a Consultation Document at the end of the recent G20 Summit in Antalya, Turkey.
In their Antalya Summit communique, the G20 Leaders welcomed the work of the GPFI, including a recommendation calling upon the Financial Stability Board and the relevant standard-setting bodies to continue their engagement with the GPFI in finalizing the document.
Since the publication of the first GPFI White Paper in 2011, Global Standard-Setting Bodies and Financial Inclusion for the Poor - Toward Proportionate Standards and Guidance, global standard-setting bodies (SSBs) have taken fundamental steps on financial inclusion, acting on most of the observations and recommendations in the first edition.
This second edition of the White Paper takes into account the considerable evolution of the financial inclusion landscape since 2011, concluding with observations and recommendations for further action. The White Paper aims to raise awareness of the changing landscape, to inform ongoing work by the SSBs and other global bodies, and to integrate financial inclusion objectives into standards and guidance that can be applied effectively at the country level. It takes into consideration the important role that digitization of financial services plays in reaching financially excluded and underserved customers, and the implications of this development for the SSBs.
CGAP is an Implementing Partner of the GPFI. Learn more about the GPFI here.