2017 gpfi sme finance sg work plan final · set of sme finance related action areas and indicators...

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GPFI SME Finance Subgroup: 2017 Work Plan Objective of the Subgroup: Germany commenced its term as President of the G20 under the motto: "Shaping an interconnected world". As outlined in "G20 Germany 2017: Priorities of the 2017 Summit", Germany will structure leaders´ discussion around the key themes of 1) Building Resilience; 2) Improving Sustainability; and 3) Assuming Responsibility. Important priority areas of the German G20 Presidency in the GPFI are: 1. Review and Update of the Financial Inclusion Action Plan: 2030 Agenda and Digitisation 2. Implementation of the High Level Principles for Digital Financial Inclusion: Opportunities and Risks of Digital Financial Inclusion 3. Implementation of the G20 Action Plan on SME Financing 4. Financial Inclusion of Vulnerable Groups: Forcibly Displaced Persons Within the GPFI, the SME Finance Sub-group will work on the implementation of the following priorities in 2017: a. Review and update of the G20 Financial Inclusion Action Plan; b. Roll out of the G20 Implementation Framework on SME financing; c. Financial Services for SMEs in Sustainable Global Value Chains; d. Climate smart financing for rural MSMEs - enabling policy frameworks; e. Implementation of the High Level Principles for Digital Financial Inclusion: Alternative Data and SME Finance; and f. Data Harmonisation. The Sub-group will also continue to work on its continued working agenda under the former Presidencies’ specifically on the following themes: innovation - new instruments and the potential of digital solutions, also taking into account the risks of digitization; women’s economic empowerment; financial inclusion of youth/ young entrepreneurship; data and indicators against the agreed SME finance indicators; engagement with the private sector; agricultural finance; and

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Page 1: 2017 GPFI SME Finance SG Work Plan final · set of SME Finance related action areas and indicators to be included in the 2017 FIAP. The action areas will serve as the guiding principles

GPFISMEFinanceSubgroup:2017WorkPlan

ObjectiveoftheSubgroup:

GermanycommenceditstermasPresidentoftheG20underthemotto:"Shapingan interconnected world". As outlined in "G20 Germany 2017: Priorities of the2017Summit",Germanywillstructureleaders´discussionaroundthekeythemesof 1) Building Resilience; 2) Improving Sustainability; and 3) AssumingResponsibility.

ImportantpriorityareasoftheGermanG20PresidencyintheGPFIare:

1. Review andUpdate of the Financial Inclusion Action Plan: 2030 Agenda andDigitisation

2. Implementation of the High Level Principles for Digital Financial Inclusion:OpportunitiesandRisksofDigitalFinancialInclusion

3. ImplementationoftheG20ActionPlanonSMEFinancing

4. FinancialInclusionofVulnerableGroups:ForciblyDisplacedPersons

Within theGPFI, theSMEFinanceSub-groupwillworkonthe implementationofthefollowingprioritiesin2017:

a. ReviewandupdateoftheG20FinancialInclusionActionPlan;

b. RolloutoftheG20ImplementationFrameworkonSMEfinancing;

c. FinancialServicesforSMEsinSustainableGlobalValueChains;

d. ClimatesmartfinancingforruralMSMEs-enablingpolicyframeworks;

e. ImplementationoftheHighLevelPrinciplesforDigitalFinancialInclusion:AlternativeDataandSMEFinance;and

f. DataHarmonisation.

TheSub-groupwillalsocontinuetoworkon itscontinuedworkingagendaundertheformerPresidencies’specificallyonthefollowingthemes:

• innovation - new instruments and the potential of digital solutions, alsotakingintoaccounttherisksofdigitization;

• women’seconomicempowerment;

• financialinclusionofyouth/youngentrepreneurship;

• dataandindicatorsagainsttheagreedSMEfinanceindicators;

• engagementwiththeprivatesector;

• agriculturalfinance;and

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• outreachandpromotion.

Further, the Sub-group will strengthen the collaboration with other G20workstreams to support the overall effort to avoid duplication and to enhanceefficiencyandeffectiveness.

Moreover, the Subgroup is going to ensure an effective dialogue with the G20outreach groups such as B20, W20, T20, Y20, L20 and C20, by taking intoconsideration their important role to inform the GPFI on the views of variousstakeholdersandhenceenrichanddeepenourdiscussions.

The Sub-group will continue to inform the various stakeholders includinginterested non-G20 countries and invite them to the meetings and workshopsorganizedin2017.

SubgroupStructure

• Co-chairs(countries):Germany,Turkey.

• Countries participating in subgroup work (non-G20 and G20): Argentina, Brazil,Canada,Indonesia,Italy,Netherlands,Switzerland,USA.

• Subgroup Implementing partners: Alliance for Financial Inclusion (AFI), IFAD,OECD,SMEFinanceForum,WorldBank/InternationalFinanceCooperation(WBG).

• Affiliated Partners: Women’s World Banking (WWB), Global Banking Alliance forWomen(GBA),ChildandYouthFinanceInternational(CYFI),MicroinsuranceNetwork.

I. CURRENTPRIORITYAREASOFTHEGPFISMEFINANCESUBGROUPUnder theGerman Presidencywewill continueworking on the implementation of theG20ActionPlanonSMEFinancing.OneimportantcornerstonewillbetheG20Workshop“HelpingSMEs Go Global – Moving Forward in SME Finance”. During this workshop, policy makers,private sector actors, DFIs, Fintechs, etc. will discuss in four different sessions on how tobridgetheSMEfinancinggap.

a. ReviewandupdateoftheG20FinancialInclusionActionPlan

In 2017, a process to update and review the Financial Inclusion Action Plan (FIAP)will takeplace.Thesubgroupwillprovideinputonthestocktakingofthe2014FIAPandwillworkonasetofSMEFinance relatedactionareasand indicators tobe included in the2017FIAP.TheactionareaswillserveastheguidingprinciplesfortheSMEFinanceSubgroupforthenext3-5years.

b. RolloutoftheG20ImplementationFrameworkonSMEfinancing:

UndertheGermanPresidency,thefirstbaselinereportbasedontheG20SMEFinanceActionPlan Implementation Framework will be delivered. This is a self-assessment by all G20countries regarding the status of their credit infrastructure compared to internationalstandards in three areas. These areas are: a) improving framework conditions for creditreportingforSMEs;b)reformmeasuresmeanttofacilitateborrowingbybroadeningtherange

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of acceptable collateral to include movable assets; c) reforming the legal framework forinsolvency.TheImplementationFrameworkoftheG20ActionPlanonSMEFinancingadoptedatthe2016HangzhouSummitwillberolledout in2017.TheWBGas IPwillconsolidatethecountryself-assessments inonebaselinereportanddeliver itunder theGermanPresidency.This reportwillbeupdatedevery twoyearsandwill showprogresson the reformmeasuresimplementedbytheG20countries.ThepromotionofimplementingtheActionPlaninwillingnonG20countrieswillalsobeexplored.

c. FinancialServicesforSMEsinSustainableGlobalValueChains

AttheG20SummitinHangzhoutheG20representativesreaffirmedthatpromotingSMEsandintegratingthemintoglobalsupplychainsisanimportantdriverforsustainabledevelopmentandthereforeenjoysahighpriority.Thiscanbeachievednotonlythroughcostefficiency,butalso through the improvement of social and environmental conditions in the productionprocesses of SMEs. However, the improvement of and shift towards sustainable productionprocesses requires additional funding. The lack of sufficient financial services in mostdeveloping and emergingmarketswas identified as oneof themain challenges for SMEs toovercome.AccordingtotheIFCanditsEnterpriseFinanceGapDatabase,formalandinformalSMEsindevelopingcountriesfaceanestimatedfinancinggapofUSD2.1to2.6trillion.

Althoughseveralnewfinancingmodelsandinitiativeshavebeendevelopedinrecentyearstoexpand SME financing for more sustainable GVCs (e.g. governments and public sectorinitiatives, lending andadvisoryprograms, innovative financingplatforms), it is not yet clearwhichofthemaremostconducivetoenablingSMEstotakepartinsustainableGVCs.

Under the German Presidency of the G20, the GPFI SME Finance SubGroupwill conduct astocktakingstudyto identify,mapandanalyseexisting financingmodels,goodpracticesandpoliciesandpartnershipswithregardtoSMEintegrationintosustainableGVCs.Itwillhighlightmodelswhichhavedemonstratedsuccessandhavepotentialforreplication.Itisforeseenthatthestudywillofferoptionsand recommendations for thedifferent stakeholders:G20policymakers,IFIsandDFIsaswellasforotherglobalvaluechainactors.

d. ClimatesmartfinancingforruralMSMEs-enablingpolicyframeworks

Climate Smart ruralmicro, small andmediumenterprises (MSMEs) investment is needed toadaptandbuildresilienceofruralcommunitiesandfoodsecuritysystemsaswellastoreducegreenhouse gas emissions from rural areas. TheMSMEs, individually and collectively faceincreasing asset loss risks due to more frequent extreme weather disasters. The systemiceffects of climate are felt across communities and producers andwithin the affected valuechains.At the same time,newcost savingopportunities andbusinessmodels arise for ruralMSMEs thanks to more and more accessible renewable energy sources and technologicaladvancesintheadaptationarea(suchaswaterrecyclingandirrigationsystems).MSMEsneedtoacquiretheseefficienttechnologiesandriskreducingpracticesandproductsthat increasethe resilience of their assets and livelihoods to climate change.G20 policymakers face thechallenge of designing policies and regulations that helpMSMEs to adapt to and strive in acontextofachangingclimate,andaccessthefinancingrequiredtoadaptbusinessmodelsandmaketheirbusinessesmoreresilient.Inordertoprovideassistanceforpolicymakers,theGPFISME Finance Subgroup supports the development of a policy paper that will providerecommendationsforevidencebasedclimatesmartMSMEpolicyoptions.Thepaperreviewsexistingpolicies incentivizingandregulating ruralMSMEclimatesmart financingandanalyzeevidenceregardingperformanceandresultsofthesepolicies.Basedonthisanalysis,evidence

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fromcasestudiesandthemodelingofclimatesmartMSMEs,thepolicypaperwillelaboratepolicyoptionsforG20policymakers.

e. AlternativeDataandSMEFinance

EverytimeSMEsandtheircustomersusecloud-basedservices,conductbankingtransactions,makeoracceptdigitalpayments,browsetheinternet,usetheirmobilephones,engageinsocialmedia,buyorsellelectronically,shippackages,ormanagetheirreceivables,payables,andrecordkeepingonline,theycreatedigitalfootprints.Thisreal-time,andverifieddatacanbeminedtodeterminebothcapacityandwillingnesstorepayloans.

Arapidlygrowingcropoftechnology-focusedSMElendersareputtingtheuseofSMEdigitaldata,customerneeds,andadvancedanalyticsatthecenteroftheirbusinessmodels,settingforthnewblueprintsfordisruptingtheSMElendingstatusquo.Theyoffermoretrusted,faster,easier,andbetter-fittedfinancingsolutionstoday’sincreasinglytech-savvySMEsseek.

Thesubgroupwillconductareviewofnewpracticeswhichwillinclude:

• Astocktakingofthetypesofinstitutionsusingnew,digital-orientedapproachestoSMElending.

• Areviewofthetypesofdatatheycollect,fromwhichmarketsegments,identifyingpatternsandtrends.

• Aconsiderationoftheopportunitiesandrisksaswellasnewpolicyissuesraised,withreferencetotheG20HighLevelPrinciplesforDigitalFinancialInclusion.

ThereviewwillresultinastocktakingreportwhichwillbepresentedtotheGPFIleadership,withthemainfindingsharedwiththepublicduringtheGPFIForuminMay.TheSMEFinanceForumwillundertakeadditionaldisseminationofthesefindings.

f. DataHarmonisation

At both the national and financial institution levels, there are a number of data collectionexercises on SME finance that would benefit from better coordination, with a view to aprocessofharmonizationofdefinitionsandmethodologiesatthenationalandDFIlevels.Asafirst step in this effort, the subgroup could provide an overview/stocktaking of existing andplanned multilateral initiatives in data collection on SME finance. This stocktaking exercisewouldincludeinformationonthepurpose,objectivesandscopeofeachinitiative,inadditiontomethodological aspects. Thisexercisewould serve to informadiscussionamong relevantstakeholderswiththeaimofreducingredundancies, improvingthecompatibilityofdifferentstatistical initiatives and lightening the administrative burden on reporting countries. Thiseffortaimstopavethewayforbetterdataharmonisationacrosscountries.

Based on the results of the stocktaking, the G20, led by its Global Partnership for FinancialInclusion,willproduceanActionPlanforreviewandapprovalduringtheArgentinepresidency,similar to thatdeveloped forSMEFinancing, topromotedatacoordination/harmonizationatboththemacro-andmicro-levels.

AstheOECDScoreboardonSMEfinanceandsimilarexercisesillustrate,therearewidecross-country differences in how SME finance indicators are defined, collected and categorised.Improvingcomparabilityofdatawill increase itsusefulness inguidingpolicydiscussions.Thesubgroupwill examinehowgender, youthandother key cross-cutting factors canbebetterappreciatedthroughdatacoordinationandharmonization.

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II. ON-GOINGACTIVITIESOFTHEGPFISMEFINANCESUBGROUP:

i. SMEFinanceCompact

InanefforttopromoteSMEfinancepoliciesandapproachesthatspureconomicgrowth,theG20 GPFI announced the SME Finance Compact in 2012 to promote the development ofinnovativemodelsandapproachestoaddressthespecificchallengesandconstraintsfacedbylowincomedevelopingcountries(LIDCs)withregardtoSMEfinance.

The implementationoftheSMEFinanceCompact isongoing inpartnershipwiththeAllianceforFinancialInclusionandtheWorldBankGrouptosupportpeerlearningamongstregulators,identify regulatory and policy challenges, develop data indicators for SME finance anddocument successful policy approaches, as an important initial step and to support furtheractivities under the SME Finance Initiative and the Financial Inclusion Support Framework(FISF).

InSeptember2015attheGlobalPolicyForumoftheAllianceforFinancialInclusion,membersof the Network adopted the “Maputo Accord” formally recognizing the importance of SMEFinanceasacriticalcomponentofoverallnationalfinancial inclusionstrategies.Additionally,morethan30developingandemergingcountrieswithintheAFInetworksignalledtheirintenttodevelopspecificcommitmentsandestablishquantifiabletargetsforSMEFinanceundertheframeworkoftheMayaDeclaration,andinfurtheranceofthegoalsoftheG20SMEFinance.Individualcountrycommitments,andprogressagainsttargetscanbeaccessedintheAFIDataPortal,www.afi-dataportal.org,whichwaspubliclylaunchedattheSeptember2016AFIGlobalPolicy Forum in Fiji. AFI is creating a strategy to increase the level of reporting and datacollection.Also,AFI’sSMEFinanceWorkingGrouphaspublishedasurveythatsetstheroleoffinancial regulators in promoting access to financing for MSMEs. Additional surveys withinformationabout the roleof regulatoron fosteringaccess to finance forMSMEsownedbywomen and women entrepreneurs along with a case study on Bangladesh are currentlyworked.

TheFinancialInclusionSupportFramework(FISF),aflagshipinitiativeoftheWorldBankGroup(WBG), aims to accelerate and increase the effectiveness of reforms and other country-ledactionstoachievenationalfinancialinclusiongoals.LaunchedinApril2013andwelcomedbythe G20 FinanceMinisters and the Alliance for Financial Inclusion, FISF helps scale up andleveragetheWBG’spolicydialogue,analyticalworkandfinancingforfinancialinclusion.

FISF has two main components: country support programs (CSPs) and global knowledgeactivities.TechnicalassistanceprovidedundertheCSPsbuildonandcontributetopublicandprivatesectorcommitmenttofinancialinclusion.Theysupportthedesignandimplementationof key policy and regulatory reforms, financial infrastructure development, the increasedeffectiveness of programs in strategic areas such as Government-to-Person payments, andhelp improve the financial capability of key population segments. FISF currently has eightactive Country Support Programs (CSPs) in implementation in Rwanda, Indonesia,Mozambique, Ethiopia, Zambia, Pakistan, Cote d’Ivoire, and Vietnam. All of the eight FISFcountry programs include actions to support country priorities for SME finance. Theknowledge component supports analysis, synthesis, and knowledge sharing in keyunderserved areas, such as the financial inclusion of women and individuals engaged inagriculture, and efforts to leverage digital payments to provide access to a broader set offinancialservicesincludingtoSMEs.

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ii. FinancialInclusionandYouth

The SME Finance Subgroup, together with its Affiliated Partner Child and Youth FinanceInternational (CYFI) launched a Global Platform for young entrepreneurs called Global Ye!CommunityinSeptember2015.

TheSub-groupwillcontinuetopromotethenewfocusonyouthentrepreneurshipbyfocusingon:

i) the growth of a global community for young entrepreneurs and practitionersthroughtheonlineYe!community;

ii) Hold Global Inclusion awards including Ye! youth entrepreneurship award tohighlightexemplaryyouthentrepreneurs

iii) models for the implementation of a national platform for coordinating youthentrepreneurshipnationally;

iv) creating opportunities for capacity building and non-financial support incollaborationwiththeWorldSMEForum;

v) datacollection tomap thestateof the field, collectbestpractices,andevaluateeffectiveness of policies, financial products and programs related to you youthentrepreneurship.

In July 2017,CYFI plans topreparea short reportwhich contains amappingof someof thedifferenttypesoffinancialproductswhichareavailabletoyouthentrepreneurstohelpthemfinance their SMEs. This will include recommendations, based on feedback from youngentrepreneurs,onwhichdifferenttypesofproductsshouldbefurtherdevelopedorprovided.

iii. ImplementationofPrivatesectorengagementstrategy

In order to better harness the potential investment, capacity and reach of financial serviceproviders, the SME Finance Sub-group, led by its implementing partner the SME FinanceForum, in coordinationwith the other sub-groups and the B20 FinancingGrowth and SMEsand Entrepreneurship working groups, developed a private sector engagement strategytogether with its implementing and affiliated partners as a part of the GPFI Private SectorEngagementStrategyendorsedbytheLeadersin2015.

TheGPFIPrivateSectorEngagementStrategyaimstoadvanceandshowcasetherighttypeofdialogueat theglobal level.TheStrategy seeks tomaximize thepositivecontributionof theprivatesectortoadvancefinancialinclusion.

Sustaining strong public-private collaboration in SME finance requires strong, sustainedcommunications between three key groups: regulators/policymakers, financial servicesprovidersandtheentrepreneursthemselves.GPFIanditsimplementingpartnerstodatehaveestablished two platforms related to SME finance which facilitate such exchange andcooperation:theSMEFinanceForum,andtheAFIPublicPrivateDialogue(PPD)platform.

SME Finance Forum members (financial institutions, fintechs and development banks) willbecome key partners for the GPFI in identifying priorities, collecting/analyzing information,and advocating for reforms to unblock obstacles andopenupnewopportunities to expandSMEfinanceandclosethefinancegap.TheSMEFinanceForumhashelpedpromoteprivatesectorparticipationinGPFIworkshops,itsannualForum,andtheResponsibleFinanceForum.This year it is helping attract key private sector opinion leaders to the G20’s SME Financeworkshop in Frankfurt in February, and to the GPFI Forum 2-3May. It will host its annualGlobalSMEFinanceForuminBerlin30-31October,whichwillinvolvepresentations,debates,

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demonstrationsandamarketplace for investorsand firms.Themeetingwillbe immediatelyprecededby study tours of innovative financial institutions and fintechs from the area. Lastyear’s event in Beijing attracted over 400 registrants from the industry and policymakinginstitutionsfrommorethan50countries,anditishopedthatthisyear’smeetingwillbeevenlarger. The meeting also will debut the annual SME Finance Awards program, which willshowcaseoutstandinginstitutionsworkinginthefield.

TheSMEFinanceForumalsohasbeenhelpingbuildbridgesforthesubgrouptotheregulatorsinAFI’sSMEFinanceWorkingGroup,totheSMEassociationstobemobilisedthroughthenewWorldSMEForum(WSF),andtotheB20’sSMEandFinancingGrowthandInfrastructureTaskForces. AFI through its Public Private Dialogue platform has opened a new channel forconsultationbetweennationalregulatorsandtheglobal financialservices industry. In2017,dialoguewiththeB20willcontinue,withB20representativesinvitedtoallmajorGPFIevents.

The subgroup’s affiliated partners offer further channels for private sector collaboration.Women’s World Banking and the Global Banking Alliance for Women connect to a largenumberoffinancialinstitutionsworld-wideand,throughtheirmonitoring/researchefforts,totheinstitutions’womenentrepreneurclients.ChildandYouthFinanceInternationalprovidesakeyconnectiontotheimportantconstituencyofyouthentrepreneurs.TheInternationalLaborOrganization provides unique insights into informal sector entrepreneurship through itsregularsurveysandotheractivities.Thenewestpartner,theMicroinsuranceNetwork,hasnotbeeninvolvedtodate,butshouldgrowinimportanceastechnologicalinnovation,particularlysurroundingthe“internetofthings”,makesservingSMEsandsmallfarmersviableforthefirsttimeformuchoftheinsuranceindustry.

iv. Women’sEconomicEmpowerment

Women-ledSMEsrequireavarietyoffinancialandnon-financialservicesinordertobuildandgrowtheirbusiness,aswellassaveforthefuture.Creditisonekeycomponentbutinsurance,savings, non-financial services are what will provide a foundation for greater women’seconomicempowerment.Policyplaysacriticalroleinthisaswell.

- Encourage, through Implementing Partners e.g AFI andWBG FISF, that countrydiagnostics and strategies include gender dimension in their financial inclusionstrategies.

- The Denarau Action Plan for Gender and Women’s Financial Inclusion wasadoptedbytheAFImembershipat the2016AFIGPF inNadi,Fiji,andsetsouta10-point action agenda to contribute to closing and eventually eradicating thefinancial inclusiongendergap.Undertheactionplan,eachworkinggroupofAFI,includingtheSMEFinanceWorkingGroup,hasappointedagenderchampion,tocoordinate production of specific knowledge products on promoting women’sfinancialinclusionrelevanttotheirmandates.ProgressinimplementingtheactionplanisoverseenbytheDeputyGovernorlevelAFIGenderandWomen’sFinancialInclusionCommittee,chairedbytheBankofZambia.

- In support of the Denarau Action plan, in 2016, the AFI SME Finance WorkingGrouphasdevotedeffortstoprioritizinginitspolicyagenda:financialinclusionofwomenMSMEsandwomenentrepreneurs.Inthisregard,thegroupfinalizedtwoknowledgeproducts:(i)acasestudyonBangladeshpoliciestobroadenaccesstofinancing forMSMEs owned bywomen, and (ii) a Survey report on the current

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statusofSMEFinancepoliciestoenhanceaccesstofinanceownedbywomenandwomenentrepreneurs.ThesepapersaregoingtobepublishedandpresentedfortheAFISMEFinanceWGmeetinginSeychellesnextmarch.

- Build consistent and reliable gender disaggregated data sources on womenbusinessandaccesstofinancetomeasuregapandprogressconsistently.

Insurance plays a significant role in the financial inclusion agenda and contributes tonumerousdevelopmentagendassuchassocialprotection,agriculturaldevelopmentandfoodsecurity, disaster risk management and climate change, small and medium enterprisedevelopment,genderandyouthpromotion.Possibleoutputs:

- Acompendiumon“WomeninInclusiveInsurance”,jointlydevelopedbyBMZ/GIZ,Women’sWorldBankingand IFC.Thecompendiumintendstoorientthevariousstakeholders by identifying potential entry points for gender-sensitive insuranceapproaches and proposing ways for implementing those more effectively. Itshouldassessthecurrentstateofgendermainstreamingininsuranceanddevelopa“good-practicetoolbox”includingshortcasestudies.

- GBA is in process of coordinating a gender Insurance working group with itsmembers that will yield substantive insights and best practice in a researchdocument.

Furthermore, theGPFISMEFinanceSubgroupwill reachouttotheW20,who is focusingonfinancial inclusion forwomen in 2017with a focus on “Promoting female entrepreneurshipandaccesstofinanceforwomen”.

v. Support for country level actions to implement the High Level Principles forDigitalFinancialInclusion

The Subgroup will continue to support this work, to ensure that the SME dimensions areconsidered in guiding country-level actions implementing the principles. This will includeexamininggoodpractice lessons inmovingSMEsfromcash-basedtoelectronic transactions,buildingontheworkpresentedduringtheChinesepresidencyonthistopic.Thiswillleadintoconsiderationsofhowdigitalisationofbusinesslifemayrelatetotheformalisationofinformalbusiness activities and firms. In turn, thismay raise questions as to tax and other systemsmight be reformed to reduce barriers to firms’ conversion to digital commerce, requiringcoordinationnotonlywiththeotherGPFIsubgroups,butalsowithotheraspectsoftheG20’swork in the Finance and other tracks. Work on the SME dimensions of digital financialinclusionalsowillincludeidentifyingwhatmaybedifferentinfinancialliteracyandconsumerprotectionconsiderationwhenSMEs,notindividuals,arethecustomersforthenewfinancialproductsandservices.TheSG’sinputswillbeincludedintheoverallproductoftheGPFI.

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AnnexI:TimelineofEvents(asofJanuary2017)

Date Event Location Activities

23January2017 GPFIWorkshop:ReviewandUpdateoftheFinancialInclusionActionPlan

Wiesbaden,Germany

• ReviewandupdateoftheSMEFinancerelevantobjectivesandactivitiesoftheFIAP

24January2017 GPFIMeetingincl.SGMeeting

Wiesbaden,Germany

• DiscussingandfinalisingSMEFinanceSubGroupWorkPlan2017

23February2017 GPFIWorkshop“ClimatesmartfinancingforruralMSMEs”(tbc)

Eschborn,Germany

• DiscussPolicyoptionsonclimatesmartfinancingforruralMSMEs

24February2017 G20Workshop:HelpingSMEsgoglobal–MovingforwardinSMEFinance

Frankfurt,Germany

• FocusonSMEFinance

11-16March2017 8thSMEFinanceWorkingGroupand13thCEMCWGJointMeeting

Victoria,Seychelles

• SMEFinanceMeetingexpectingtodiscussacloserimplementingroleofAFIandtheGPFI.

27-28April2017 ResponsibleFinanceForum:OpportunitiesandRisksinDigitalFinancialServices–HowdowebestprotectConsumersandtheirPrivacy?

Berlin,Germany • DiscussionofFinTechbusinessmodels,alsow.r.toSMEFinance

2-3May2017 GPFIForum Berlin,Germany • PresentationofSMEFinanceSubgroupwork

03May2017 GlobalInclusionAwards

Berlin,Germany • IncludingtheYouthEntrepreneurship(YE!)Award

4May2017 GPFIPlenary Berlin,Germany • PresentingfinaloutcomedocumentstoGPFIsmembersfor

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approval

30-31May2017 IFI/DFIworkingGroupMeetingonSMEFinance

London,UK EmergingtrendsinSMEfinance,exploringpartnershipsandcoordinationwithotherpeerinstitutions,sharinggoodpractices

7-8July2017 G20Leader’sSummit Hamburg,Germany

02-03November(withstudytourson01Nov.)

GlobalSMEFinanceForum

Berlin,Germany

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AnnexII:TimelineofOutputs(asofJanuary2017)

Topic/WorkStream Output Releasedate

ReviewandupdateoftheG20FinancialInclusionActionPlan

• Updated2017FinancialInclusionActionPlan

• StocktakingReport

July2017

ImplementationoftheG20ActionPlanonSMEFinancing

• BaselineStudy• HelpingSMEsGoGlobal–MovingForward

inSMEFinanceG20WorkshopandWorkshopReport

July2017March2017

FinancialServicesforSMEsinSustainableGlobalValueChains

• Session(FosteringSMEFinanceinSustainableGlobalValueChains)ontheG20WorkshopinFrankfurt:HelpingSMEsGoGlobal–MovingForwardinSMEFinance

• StocktakingReport

24.02.2017September2017

ClimatesmartfinancingforruralMSMEs-enablingpolicyframeworks

• WorkshopinEschborn(Frankfurt)todiscussMSMEclimatesmartfinancingconceptanddiscusspolicyoptions

• PolicyPaperon“ClimatesmartfinancingforruralMSMEs”

23.02.2017July2017

AlternativeDataandSMEFinance

• Reportonalternativedatamodelsandpolicyconsiderations

May2017

DataHarmonisation • Stocktakingreport May2017

FinancialInclusionandYouth

• GlobalInclusionAwards,includingYe!Awards(BMZandCYFI)

03.05.2017

Women’sEconomicEmpowerment

• SideEvent“Accesstoinsuranceforwomen”atWBSpringMeeting

• GPFIInputatW20Summit

19.04.201726.04.2017