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Innovative Financial Inclusion
May 2010, Access through Innovation Sub-Group
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Principles and report from the Access through Innovation Sub-Group of the G20 Financial Inclusion Experts Group

At the Pittsburgh Summit in September 2009, G20 Leaders committed to improving access to financial services for poor people, through supporting the safe and sound spread of new modes of financial service delivery capable of reaching the poor.

This report provides guidance for policy and regulatory approaches to innovative financial inclusion that will: (i) foster the safe and sound adoption of innovative, adequate, low-cost financial service delivery models; (ii) help provide a framework of incentives for the various bank, insurance, and non-bank actors involved, while ensuring fair conditions of competition between all financial service player; and (iii) foster affordable financial services that reposnd to customer’s needs in both quality and range.

Endorsement of the attached Principles represents a first step towards building a framework to improve access to a full range of financial services for poor people. This work will be considered by Leaders at the next Summit in Seoul, Korea in November 2010.


29 Jun 2010
 
 
 
Rafael Mantilla
Universidad Santo Tomás
Colombia


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