AFI and its member institutions were recognized for their critical role in the creation of strong, sustainable and balanced economic growth in the Meeting of G20 Finance Ministers and Central Bank Governors’ official communiqué published at the conclusion of the two-day conference on 16 February 2013 in Moscow, Russia.

Participants also gathered to discuss current global economic challenges as well as further implementation of the IFA’s reform and financial regulation reforms. It marked the first instance G20 finance ministers and central bank governors met under the Russian presidency.

“We expect the (Global Partnership for Financial Inclusion) to expand the G20 Basic Set of Financial Inclusion Indicators to cover innovative approaches, quality of products, financial literacy and consumer protection with support from the Alliance for Financial Inclusion, CGAP, IFC, OECD and the World Bank by our meeting in July 2013,” the finance ministers and central bank governors stated in the communiqué.