Hyd-G20 meeting on financial inclusion ends

HYDERABAD: India has reiterated that as president of the G20 this year, it was committed to advancing financial inclusion globally, and bringing to the forefront voices of emerging economies.

At the end of the four-day G20 Global Partnership for Financial Inclusion Meeting and Knowledge and Experience Exchange Programme for Global South here on Tuesday, India said the successful initiatives, challenges, and development needs of emerging economies were useful takeaways from the event.

The second meeting of the Global Partnership for Financial Inclusion (GPFI) under India’s G20 presidency announced that India and Italy would be the GPFI co-chairs for three years with their term beginning in 2024.

Among those who took part in the meeting were officials from the Union ministry of finance, and central bank representatives from Bangladesh, Bhutan, Egypt, Ethiopia, Ghana, Jordan, Malawi, Maldives, Nepal, Oman, the Philippines, Poland, Senegal, Sierra Leone, Sri Lanka, Thailand, and Vietnam.

Also taking part were representatives from the Asian Development Bank, the African Union Commission, the African Continental Free Trade Area, the Arab Monetary Fund, the Eastern Caribbean Central Bank, the Gates Foundation, the Organisation of Eastern Caribbean States and Smart Africa, according to an official release.