Discussions for next G20 Financial Inclusion Action Plan kicked off

The members will decide on the final priorities, but Sarkar said, the major ongoing priorities were digital financial inclusion and making finances more accessible to SMEs

A new G20 Financial Inclusion Action (FIA) Plan is in the works. Initial discussions have started, said Chanchal Sarkar, Economic Advisor, Ministry of Finance.

Sarkar chaired the first G20 Global Partnership for Financial Inclusion (GPFI) meeting in Kolkata, which concluded on Wednesday.

The G20 FIA, which sets the agenda for advancing and managing the GPFI is a three-year document. “The current FIA is still on and is going to end in 2023. This year happens to be the year when the new FIA for 2024-2026 needs to be prepared for which discussions have started about the process,” Sarkar said.

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