Ageing and Financial Inclusion


G20 Fukuoka Policy Priorities on Aging and Financial Inclusion - 8 Key Steps to Design a Better Future

Date of publication
13 June 2019


Ageing is a global phenomenon. The number, and the proportion as a share of the population, of older people are both growing rapidly in many developed and developing countries. Other countries will experience such growth in years to come.

While definitions and concepts of what constitutes “old” differ around the world, such significant demographic shifts create new challenges for policymakers seeking to achieve sustainable financial inclusion. It is important to address these now, rather than placing unnecessary financial burdens on younger generations or add to inequality.

The G20 placed strategic importance on the financial inclusion of older people under its 2017 Financial Inclusion Action Plan, and through the work of the Global Partnership for Financial Inclusion (GPFI). In 2019, the Japanese G20 Presidency prioritised work to address the challenges faced by ageing populations.

This led to the development of the G20 Fukuoka Policy Priorities for Ageing and Financial Inclusion, jointly prepared by the GPFI and the OECD. The document identifies eight priorities to help policy makers, financial service providers, consumers and other actors in the real economy to identify and address the challenges associated with ageing populations and the global increase in longevity discussed above. They reflect policies and practices to improve the outcomes of both current generations of older people and future generations.

This report was presented at the G20 Finance Ministers and Central Bank Governors Meeting in Fukuoka on 8-9 June 2019

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