Search Site

Trends banner

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

UAE takes part in financial inclusion meet under India G20 Presidency

The UAE team stressed on the importance of deploying digital infrastructure to enhance financial inclusion. (WAM)
  • The meeting was held to discuss the Global Partnership for Financial Inclusion work plan for 2023.
  • G20 members, invited countries, GPFI members, and international organizations such as the World Bank and OECD attended the meeting.

ABU DHABI, UAE –  The UAE participated in the Global Partnership for Financial Inclusion (GPFI) meeting in the Finance Track of the G20 for 2023 which was held under India’s 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.

The meeting was held in Kolkata, India from January 9 to 11.

The UAE delegation included Mariam Al Hajri, 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 Organization 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 emphasized the importance of promoting financial consumer protection and financial literacy through continued collaboration and coordination with international organizations.

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.

The team showcased UAE’s experience in the provision of digital services, such as the UAE Pass (the national digital identity).

The UAE team also reiterated the importance of ensuring a balanced representation of regional organizations 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.