(a) Access to financial services
(b) Usage of financial services
|G20 Financial Inclusion Indicators:
• The Indicators were designed to assess the state of financial inclusion and digital financial services, and aim to support countries in achieving their financial inclusion goals. They measure access to, use of, and quality of financial services. The Global Partnership for Financial Inclusion (GPFI) developed the indicators, and they build on the G20 basic set of indicators, endorsed and announced in 2012.
• The Global Partnership for Financial Inclusion (GPFI) is an inclusive platform for all G20 countries, interested non-G20 countries and relevant stakeholders to carry forward work on financial inclusion, including implementation of the G20 Financial Inclusion Action Plan, endorsed at the G20 Summit in Seoul.
• The GPFI is the main implementing mechanism of the endorsed action plan by G20 Leaders during the Seoul Summit and functions as an inclusive platform for G20 countries, non-G20 countries and relevant stakeholders for peer learning, knowledge sharing, policy advocacy and coordination. It contributes to strengthen coordination and collaboration between various national, regional and international stakeholders, as called for in Action Item 6 of the G20 Financial Inclusion Action Plan.
• The G20 was created in 1999 in response to the financial crises in the late 1990s, the growing influence of emerging market economies on the global economy, and their disproportionately modest participation in the decision-making process. G20 Leaders met for the first time in 2008 in Washington D.C. and at that time the G20 was to play a pivotal role in responding to the global economic and financial crisis.
• The G20 is made up of the finance ministers and central bank governors of 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States of America, as well as the European Union, which is represented by the President of the European Council and by Head of the European Central Bank.
• The Presidency of the G20 rotates annually among its members. The Presidency leads a three-member management group of the previous, current and future chairs, referred to as the Troika, the purpose of which is to ensure transparency, fairness, and continuity from one presidency to another. The G20 does not have a secretariat of its own. A temporary secretariat is set up by the country that holds the presidency for the term of chairmanship.
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