The Fourth G20 Global Partnership for Financial Inclusion (GPFI) Meeting began in Mumbai today.  A Symposium on Digital Public Infrastructure for energizing MSMEs was held today. Secretary, of Economic Affairs, Ministry of Finance, Ajay Seth, Deputy Governor of  Reserve Bank of India, T. Rabi Sankar, and Vice President of the International Finance Corporation Mohamed Gouled and others addressed the symposium.

The Symposium saw panel discussions involving international experts around two key themes “Energising MSMEs for Higher Economic Growth through Digital Public Infrastructure” and “Credit Guarantees and SME ecosystems”.  The second panel discussion was on credit guarantees and SME ecosystems.

The World Bank also presented the G20 Policy Recommendations for Advancing Financial Inclusion and Productivity Gains through Digital Public Infrastructure developed under G20 India Presidency which were recently endorsed by the G20 Leaders in the G20 Summit held in New Delhi.

Over the course of the next two days, the GPFI members will discuss GPFI work regarding the implementation of G20 GPFI High-Level Principles for Digital Financial Inclusion, Update of National Remittance Plans and SME best practices and innovative instruments to overcome common constraints in SME financing.

Speaking to Akashvani News, Economic Advisor, Department of Economic Affairs, Ministry of Finance, Chanchal Sarkar, stated that a high level of discussions took place in today's symposium and eminent personalities participated in the symposium. He added that the main plenary will take place tomorrow and the day after tomorrow.