Today: 5 July 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

BRICS must break the digital chains

BRICS nations need to build consensus, balance innovation and social justice by reinforcing the digital sovereignty of Global South, including evenly distribution of benefits through AI, writes Baidya Bikash Basu BRICS, the

G42 AI tool boosts procurement by 40%

Abu Dhabi’s tech giant leads the charge in AI-driven operational transformation with (In)Business Procurement platform. Abu Dhabi-based global technology powerhouse G42 has taken a major leap in enterprise digital transformation with the

ADX, banks launch region’s first digital bond

Abu Dhabi Securities Exchange (ADX) has launched the pricing phase for the region’s first distributed ledger technology (DLT)-based bond, setting a new benchmark in financial innovation and blockchain integration. The bond, issued

Saudi, Indonesia seal $27bn in deals

Saudi Arabia and Indonesia deepen ties with $27bn in agreements, boosting trade, energy, defence and pilgrimage cooperation, signalling a new chapter in strategic partnership. Saudi Arabia and Indonesia inked a raft of

UN urges investments in Syria

Rebuilding Syria requires not only emergency relief but sustained investment in basic services, economic recovery, and stability, says UN Office in Syria. A high-level United Nations delegation has called for increased international
Go toTop

Don't Miss

UAE commits to lead disruptive growth of key industrial sectors

The event will also run a six-day manufacturing and advanced

American biz group lauds US, UAE ties in future jobs creation

American companies are creating a framework for future jobs, which