FINANCE TRACK

As part of the G20 process, a particular place is reserved for the “Finance Track”, which includes the meetings held among Finance and Economy Ministers, Central Bank Governors, Vice Ministers and Sherpas (negotiators) designated by the respective economic ministries, mainly focuses on economic, financial, monetary and tax issues.


  • Framework Working Group
  • International Financial Architecture
  • Infrastructure Working Group
  • Sustainable Finance Working Group
  • Joint Finance and Health Task Force (FHTF)
  • Global Partnership for Financial Inclusion

FRAMEWORK WORKING GROUP

The Framework Working Group (FWG) monitors the evolution of the global economic outlook, while coordinating policies aimed at underpinning a strong, sustainable, balanced, and inclusive growth. In the wake of the crisis caused by the pandemic, the primary goal of the FWG is to advance economic policy proposals to sustain global recovery. To this end, the FWG contributes to updating the G20 Action Plan and monitoring progress in implementation.

INTERNATIONAL FINANCIAL ARCHITECTURE

The International Financial Architecture (IFA) Working Group works to enhance the stability and cohesion of the international financial system. It addresses the challenges related to debt sustainability and transparency, strengthening global financial safety nets, volatile capital flows and associated risks, financing for development in low-income countries; coordination between international financial institutions, including multilateral development banks.

INFRASTRUCTURE WORKING GROUP

The Infrastructure Working Group (IWG) advises on policies to improve preparation, financing and management of quality infrastructure investments to secure the provision of inclusive, sustainable and resilient basic infrastructure services to all. The Group aims to tackle the persistent gap in infrastructure investment, also by promoting them as an asset class as to stimulate private sector involvement.

SUSTAINABLE FINANCE WORKING GROUP

The Sustainable Finance Working Group (SFWG) aims to mobilize sustainable finance as a way of ensuring global growth and stability and promoting the transitions towards greener, more resilient and inclusive societies and economies. The Group is tasked to identify institutional and market barriers to sustainable finance and to develop options to overcome such barriers, and contribute to a better alignment of the international financial system to the objectives of the 2030 Agenda and the Paris Agreement.

Joint Finance and Health Task Force (FHTF)

 

GLOBAL PARTNERSHIP FOR FINANCIAL INCLUSION

In 2010, the Global Partnership for Financial Inclusion was created to advance financial inclusion globally as a means of increasing well-being and achieving sustainable and inclusive growth. The focus of its action is to enhance the access to, and the use of, responsible formal financial services – also through digital means – for families and businesses. It also helps to promote adequate financial education and to strengthen financial consumer protection.

For more information: www.gpfi.org