G20 Global Partnership for Financial Inclusion - Action Plan for Micro, Small, and Medium Enterprise Financing

Join us on May 29^th, 2025, at 8:00 AM EST for an insightful discussion of the G20 Global Partnership for Financial Inclusion (GPFI) Action Plan for Micro, Small, and Medium Enterprise Financing, recently released.

The Action Plan

The G20/GPFI for MSME Financing Action Plan is a call to action for G20 and non G20 countries to intensify their efforts to close the MSME financing gap given the potential impact on productivity, job creation and achieving the sustainable development goals. The credit gap alone for formal MSMEs has been estimated at 19% GDP as of 2019, for emerging markets and developing economies.  Countries worldwide can use this Action Plan voluntarily as a framework for policy prioritization, design, and implementation.

The Action Plan calls for policymakers to prioritize improvements in the enabling environment for MSME financing, as these actions carry limited fiscal costs but could bring sizable benefits. Policymakers should build the core enabling environment that can support the expansion of debt financing, including alternative lenders, as well as equity financing, and the use of financial technology, while mitigating additional risks. In addition, the Action Plan calls for policymakers to improve the effectiveness of the targeted financial interventions they deploy to support MSME financing, by adopting an evidence driven approach for their design and implementation and embedding private capital mobilization as a key objective.

In both cases, the Action Plan proposes a common set of voluntary policy actions that governments in developed and developing countries can use to identify key areas for reform, while mindful of their own country context. The Plan highlights where a differentiated approach might be needed considering the level of development of the countries, or the size of the firms.

Why attend

• Gain insights on the set of actions identified in the Action Plan to improve the enabling environment for MSME finance, as well as the effectiveness of financial support programs.
• Learn how countries are implementing reforms in developed and developing economies countries through a differentiated approach based on country context.
• Learn about the type of support that the implementing partners provide to close the MSME finance gap.

This G20 GPFI Action Plan has been prepared, under the G20 Brazil Presidency, by the following Implementing Partners: World Bank Group, here comprising International Finance Corporation (IFC) and World Bank; with contribution from the Organization for Economic Cooperation and Development (OECD) and the SME Finance Forum (SMEFF), managed by IFC. The action plan development benefitted from the financial support of the Swiss State Secretariat for Economic Affairs (SECO).

Agenda: 

• Introduction by Moderator
• G20 Global Partnership for Financial Inclusion - Action Plan for Micro, Small, and Medium Enterprise Financing
• Country cases from G20 members to illustrate some policy actions: Brazil, India, Italy and South Africa 
• Discussants: WB, IFC, OECD