Today: 22 June 2025
13 January 2023
1 min read

​UAE takes part in GPFI meeting under India G20 Presidency

The meeting was held to discuss the GPFI work plan for 2023 and agree on the financial inclusion action areas in line with the priorities of the Indian Presidency…reports Asian Lite News

The UAE recently participated in the Global Partnership for Financial Inclusion (GPFI) meeting in the Finance Track of the G20 for 2023, which was held in person under India’s G20 Presidency from 9th until 11th January, 2023 in Kolkata, India.

The meeting was held to discuss the GPFI work plan for 2023 and agree on the financial inclusion action areas in line with the priorities of the Indian Presidency.

The UAE delegation included Mariam AlHajri, Deputy Director of the General Budget Department at the Ministry of Finance; and Faiza Al-Awadi, Head of Financial Consumer Protection at the Central Bank of the UAE. G20 members, invited countries, GPFI members, and international organizations such as the World Bank and the Organisation for Economic Co-operation and Development (OECD) also attended the meeting.

A financial inclusion symposium was also held on the sidelines of the meeting where members shared views on the proposed work plan for the GPFI.

Members also discussed opportunities and challenges to Digital Financial Inclusion, as well as best practices and innovative instruments to overcome challenges with SME financing.

Members also emphasised the importance of promoting financial consumer protection and financial literacy through continued collaboration and coordination with international organisations.

During the meeting, the Ministry of Finance team expressed its appreciation for the invitation by the Indian presidency to participate in the G20 in 2023 and stressed the importance of deploying digital infrastructure to enhance financial inclusion, where the team showcased UAE’s experience in the provision of digital services, such as the UAE Pass (the national digital identity).

The ministry’s team also reiterated the importance of ensuring a balanced representation of regional organisations in the development process in planning for the upcoming Financial Inclusion Action Plan.

The GPFI next meeting is expected to take place in March 2023, during which the members will review and evaluate the group’s progress.

ALSO READ: UAE, Israel hold first financial dialogue

Previous Story

AI Mazrouei: UAE well poised to host solutions-oriented COP28

Next Story

Iran seeks to explore economic ties with UAE

Latest from -Top News

US committed great crime: Iran

Iran has now called for an emergency meeting of the UN Security Council and demanded the IAEA Board of Governors address the situation….reports Asian Lite News Iran has strongly condemned the United

Strike Iran, Face Us, Houthis warn US

The Yemen-based Houthi group, which controls much of northern Yemen, has been targeting Israel since November 2023…reports Asian Lite News Yemen’s Houthi group issued a stark warning on Sunday, declaring they would

Tehran Hits Back After US Strikes

The missiles struck several locations across central Israel. Notably, one hit Haifa without any prior warning sirens, raising alarm over possible gaps in the missile alert system….reports Asian Lite News Iran fired

Trump Dares Iran Again

This comes as Trump announced that America had bombed three nuclear sites in Iran and warned Tehran of further precision strikes…reports Asian Lite News US President Donald Trump declared that no other
Go toTop

Don't Miss

Winners of School Librarian 2022 announced at Emirates Airline Festival of Literature

The School Librarian of the Year award is part of

Sheikh Mohammed approves Dh1.6b housing loans for Emiratis

The Sheikh Zayed Housing Programme was established in 1999 to