78. Recognizing that 2.5 billion people and millions of Small and Medium Enterprises (SMEs) throughout the world lack access to formal financial services, and the crucial importance for developing countries to overcome this challenge, we launched in Seoul an ambitious Global Partnership for Financial Inclusion (GPFI). We commend the ongoing work by the GPFI to foster the development of SME finance and to include financial inclusion principles in international financial standards. We endorse the five recommendations put forward in its report, annexed to this Declaration, and commit to pursue our efforts under the Mexican Presidency.
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- also under G20 Cannes Summit Final Declaration: “Building our Common Future: Renewed Collective Action for the Benefit of All"
- Comments and Footnotes
With a #tagcoding hashtag per article, anyone can tag content relevant to its status and implementation, and share it via social media as explained in the #tagcoding Handbook or the video #tags in support of easy information retrieval (YouTube).
Tag for/and Target under #SDG08 (Goal 8):
#SDT0810 (8.10) strengthen the capacity of domestic financial institutions to encourage and to expand access to banking, insurance and financial services for all
Jan Goossenaerts
@collaboratewiki