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G20 South Africa YouTubeG20 South Africa YouTube22/11/2022
NEUTRAL

Press Conference on 4th Global Partnership for Financial Inclusion Meeting in Mumbai

Video Summary

The G20 Global Financial Inclusion meeting concluded in Mumbai under India's presidency, featuring symposia on energizing SMEs through digital public infrastructure (DPI) and advancing consumer protection via digital literacy. Discussions covered the wrap-up of the 2021-2023 Financial Inclusion Action Plan, progress on reducing remittance costs, SME best practices like frictionless credit, and Brazil's priorities for quality financial inclusion. Key outcomes included endorsement of G20 policy recommendations on DPI and a new action plan for 2024-2026, with India's models drawing strong interest from Global South nations. These efforts aim to integrate 1.4 billion unbanked individuals, fostering sustainable development and employment.