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HomePoliciesInclusive policiesFinance Ministers G.20 support the financial inclusion and support education programs
Moscow, 15-16 February 2013

Finance Ministers G.20 support the financial inclusion and support education programs

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"We reaffirm our commitment to support the implementation of the G20 Financial Inclusion Peer Learning Program through the GPFI together with its implementing partners and take note of the initiative of the World Bank and development agencies to establish a comprehensive Financial Inclusion Support Framework (FISF)", said the communiqué.

"We expect the GPFI to expand the G20 Basic Set of Financial Inclusion Indicators to cover innovative approaches, quality of products, financial literacy and consumer protection with support from the Alliance for Financial Inclusion, CGAP, IFC, OECD and the World Bank by our meeting in July 2013. We expect the progress report on barriers for women and 5youth to gain access to financial services and financial education, including policy recommendations to be delivered by the GPFI, OECD/INFE and the World Bank by the St Petersburg Summit".

The end communiqué also welcomeb the work that the OECD/INFE and the World Bank are undertaking on the development of practical tools for financial literacy measurement and the evaluation of financial education programs and look forward to the progress report on the National Strategies for Financial Education by our July meeting.

"We look forward to an update report on the work undertaken by the G20/OECD Task Force to support the implementation of the G20 High-Level Principles on Financial Consumer Protection by the St Petersburg Summit. We wait for the FinCoNet Status report on consumer protection supervisory tools and best practices to support supervisory bodies, based on work undertaken by FinCoNet members and on the World Bank Global Survey on Financial Consumer Protection", said

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