GS Advance Program for UPSC Mains 2025, Cohort - 1 Starts from 24th October 2024 Click Here for more information
Source: The post is based on the article “Fourth G20 Global Partnership For Financial Inclusion Meeting is scheduled to be held in Mumbai” published in PIB on 14th September 2023
What is the News?
The Fourth G20 Global Partnership for Financial Inclusion (GPFI) Meeting is being held in Mumbai
What is Global Partnership for Financial Inclusion(GPFI)?
Global Partnership for Financial Inclusion(GPFI) was officially launched in 2010 in Seoul,South Korea.
It is an inclusive platform for all G20 countries, interested non-G20 countries and relevant stakeholders.
Purpose: To carry forward work on financial inclusion, including implementation of the G20 Financial Inclusion Action Plan, endorsed at the G20 Summit in Seoul.
GPFI’s efforts include helping countries put into practice the G20 Principles for Innovative Financial Inclusion, strengthening data for measuring financial inclusion, and developing methodologies for countries wishing to set targets.
The first G20 Global Partnership for Financial Inclusion (GPFI) meeting under India’s G20 Presidency was held in 2023 in Kolkata,West Bengal.
