G20 Development Working Group Submissions
Baseline Commitment
FINANCIAL INCLUSION
Implementation Notes
Status
Action 1. Establish the Global Partnership for Financial Inclusion
33. "Launch the Global
Partnership for Financial Inclusion
(GPFI) to provide a systematic
structure for implementing the
G20 Financial Inclusion Action
Plan in close collaboration
with the Alliance for Financial
Inclusion (AFI), the Consultative
Group to Assist the Poor (CGAP),
and the International Finance
Corporation (IFC). The GPFI
will coordinate its work with
the APEC initiative and other
financial inclusion initiatives"
(2010 MYAP).
November 2012: progress report to G20
finance ministers.
November 2011 and June 2012:
progress reports to G20 leaders.
December 2010: 1st GPFI meeting;
3 GPFI subgroups are established (Principles
for Innovative Financial Inclusion and SSBs
Engagement, SME Finance, Data and
Measurement).
A GPFI website is launched, providing
access to all GPFI reports and resources on financial
inclusion.
2011 in Mexico, 2012 in South Africa:
The Annual GPFI Forum enables outreach to non
G20 countries and other stakeholders. Significant
funding mobilized.
Action 2: SME Finance Challenge and Finance Framework for Financial Inclusion
34. "Announce the 14 winning
proposals of the SME Finance
Challenge that offer innovative
models for catalyzing private
capital for SME finance" (2010
MYAP).
35. "Pledge to establish a
finance framework that mobilizes
grant and risk capital for winning
proposals from the SME Finance
Challenge and for scaling up
successful SME financing models.
The framework will use existing
funding mechanisms and the
SME Finance Innovation Fund"
(2010 MYAP).
Saint Petersburg Accountability Report on G20 Development Commitments
46
November 2010: 14 winners of the
SME Finance Challenge are announced from 356
entries.
Continues in 2013: A progress report on
the winning proposals of the Challenge and their
impact at the country level.
April 2012: the SME Finance Initiative is
launched as a catalytic investment and technical
assistance platform with US$215 million.
By February 2013: US$77 million are
committed to financing the winning proposals of the
SME Finance Challenge.
March 2011: the SME Finance Framework
is established; Global SME Finance Innovation Trust
Fund is established with US$30 million.
Chapter 2
Implementation of G20 Commitments
on Development
✓ Completed
Timeline (T):
November,
2010 (establish
the GPFI);
November,
2011 (report)
✓ Completed
T: November,
2011
✓ CompletedView entire presentation