Hyderabad: India and Italy were on Tuesday announced as the recently created long-term co-chairs of GPFI. They have got been selected for three years and their tenure testament commence in 2024. The co-chairs have got been selected on the final and concluding solar day of the following the first Meeting of the Global Partnership for Financial Inclusion (GPFI) under the G20 India Presidency in Hyderabad
The encounter on March 6 and 7 was led by GPFI co-chair and G20 India Presidency It saw participation from the Ministry of Finance and Central Bank representatives from G20 and non-G20 countries and International organizations, including GPFI Implementing Partners and Affiliated Partners.
During the plenary, the GPFI members discussed and agreed on the way of life near or directed toward the front for significant deliverables for the year, including those on discrete fiscal Inclusion, and SME management of money. A dedicated brief intensive course was also organised for the development of GPFI Financial Inclusion Action Plan (FIAP) 2023 which testament someone who shows the way the fiscal inclusion oeuvre under G20 for 2024-26. A symposium on Digital Innovations in Payments and Remittances was also organised on March 6 on the sidelines of the GPFI encounter for both G20 and non-G20 countries.
The symposium hosted a plate or sheet that is a component of something discussion on Harnessing Digital Innovations in Payments Systems for Financial Inclusion, Resilience, Productivity Gains, and Inclusive Growth moderated by Dr Ruth Goodwin- Groen, MD, Better Than Cash Alliance (Better than Cash Alliance) and vigorous discussions between Pedro de Vasconcelos (Sr. Technical Specialist and Financing Facility for Remittances Manager, International Fund for Agricultural Development (IFAD)); Harsha Rodrigues (Executive Vice President & Head of Regional Client Services, Women’s World Banking); Sudhanshu Prasad (General Manager, Department of Payment and Settlement Systems, RBI) and Dr Ralph OyiniMbouna (Director of Digital Transformation and Services, Smart Africa).
The symposium led to a fruitful act of changing one thing for another of experiences and sympathy on the development of a robust defrayal system for advancing fiscal inclusion, resilience, productivity gains and inclusive abnormal proliferation of tissue. The GPFI encounter was preceded by a Knowledge and Experience Exchange Programme for the Emerging Economies of the Global South held from March 4-6. This betrothal with the global Confederacy is in formation of people or things one behind another with the clothing musical theme of G20 India Presidency i.e. One Earth, One Family, One Future. The act of changing one thing for another programme was addressed by Harsh Vardhan Shringla, Chief Coordinator, G20 India; Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance; Jayesh Ranjan, Principal Secretary, Department of Industries & Commerce (I&C) and Department of Information Technology (IT), along with not the same experts from India and participants.
To make better or more attractive the sympathy of the participants on the normal or customary activity of a person of the discrete fiscal ecosystem based on DPI to accelerate fiscal inclusion gain, experts from India, including the Ministry of Finance, Reserve Bank of India, National Payments Corporation of India, Unique Identification Authority of India shared the Indian accumulation of knowledge or skill in transforming the fiscal inclusion scenery by leveraging DPIs.
Key learnings emerged from the act of changing one thing for another programme on the priorities and ideas of EMEs for advancing fiscal inclusion. G20 India Presidency is committed to advancing fiscal inclusion globally and bringing to fore the spokesperson of emerging economies to the G20 sermon. The initiatives, challenges and developmental needs of the EMEs testament be utile takeaways for G20 as it works towards developing FIAP for 2024-26, as deep hole with water as not the same list of words that explain symbols areas of oeuvre during the year.
