#ffd

Exploring Digital Finance’s Real Promises and Challenges for Development

Exploring Digital Finance’s Real Promises and Challenges for Development

Join the NGO Committee on Financing for Development on Wednesday, 27 April 2022, 8:00 a.m. – 9:30 a.m. EDT for this official side event to the 2022 ECOSOC Financing for Development Forum.

Register here: https://us02web.zoom.us/meeting/register/tZ0qc-6orjsuGdFhyWHfljp7ZNxV526Onoc7

Speakers:

  • Ms. Cina Lawson, Minister of Digital Economy and Transformation of the Republic of Togo (TBC)
  • Dr. Purva Khera, Economist, International Monetary Fund
  • Mr. Johannes Ehrentraud, Senior Advisor, Financial Stability Institute, Bank for International Settlements
  • Ms. Sofie Blakstad, CEO of hiveonline and author of Fintech Revolution: Universal Inclusion in the New Financial Ecosystem
  • Ms. Anneleen Vos, Seionr Economic Policy Officer, International Rescue Committee
  • Mr. Prabhat Labh, CEO, Grameen Foundation India
  • Ms. Mercy Buku, Program Leader, Toronto Center

Moderator: Mx. Anita Thomas, Chair, NGO Committee on FfD, Representative to the UN, Women First International Fund

Co-sponsors: ManUp Campaign, Change Management Solutions, Sisters of Charity Foundation, African Development Interchange Network, IBVM

Background:

The UN Secretary General’s task force on digital finance in its report titled “People’s Money: Harnessing Digitalization to Finance a Sustainable Future,” spells out the transformational impact digital finance can have on sustainable development. Providing relief for millions around the world, supporting businesses, and protecting jobs and livelihoods, digital finance served as a lifeline during the COVID-19 pandemic. A World Bank tally of policy responses to the pandemic finds that at least 58 governments in developing countries used digital payments to deliver COVID-19 relief, of which 36 countries made payments into fully transactional accounts that were being used for saving beyond simply withdrawing cash. According to the GSMA, international remittances processed via mobile money increased by 65 percent in 2020.

Proponents of digital finance highlight its strong capabilities to reduce transaction costs, the potential of Artificial Intelligence to provide fair and equitable treatment of credit applicants, and the scalability of cloud technology, through the use of blockchain technology, to allow consumers to transact remotely and seamlessly across multiple platforms.

While the experience of COVID-19 has proven that digitalization can transform economies and lives, it needs to be shaped with both its advantages and potential risks in mind in order to bring everyone into the digital age. For technology to benefit everyone, private sector innovation must be supported by the appropriate public goods such as the public provision of foundational infrastructure, access to electricity, mobile and internet coverage.

As in the case of any disruptive technology, without combining technological advances with sound policy measures, digital technology cannot deliver on its potential to meaningfully advance financial inclusion for everyone, including the more than 2 billion unbanked people globally. Delivering on promises to advance financial inclusion can only be considered meaningful when the account holder has a fully functional account that they utilize to save, make payments, obtain manageable credit, and mitigate economic risks and is simply not utilized to withdraw cash from cash transfers from the government, which is overwhelmingly the case at this time.

By examining successful strategies that maximize digital finance’s potential while minimizing risks to the financial sector, government revenues, and at-risk populations, attendees will gain a better understanding of how digital finance can sustainably advance development objectives.

_______________________________________________________________________________________

CoNGO Notes: The NGO Committee on Financing for Development is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations.

Exploring Digital Finance’s Real Promises and Challenges for Development

Exploring Digital Finance’s Real Promises and Challenges for Development

Join the NGO Committee on Financing for Development on Wednesday, 27 April 2022, 8:00 a.m. – 9:30 a.m. EDT for this official side event to the 2022 ECOSOC Financing for Development Forum.

Register here: https://us02web.zoom.us/meeting/register/tZ0qc-6orjsuGdFhyWHfljp7ZNxV526Onoc7

Speakers:

  • Ms. Cina Lawson, Minister of Digital Economy and Transformation of the Republic of Togo (TBC)
  • Dr. Purva Khera, Economist, International Monetary Fund
  • Mr. Johannes Ehrentraud, Senior Advisor, Financial Stability Institute, Bank for International Settlements
  • Ms. Sofie Blakstad, CEO of hiveonline and author of Fintech Revolution: Universal Inclusion in the New Financial Ecosystem
  • Ms. Anneleen Vos, Seionr Economic Policy Officer, International Rescue Committee
  • Mr. Prabhat Labh, CEO, Grameen Foundation India
  • Ms. Mercy Buku, Program Leader, Toronto Center

Moderator: Mx. Anita Thomas, Chair, NGO Committee on FfD, Representative to the UN, Women First International Fund

Co-sponsors: ManUp Campaign, Change Management Solutions, Sisters of Charity Foundation, African Development Interchange Network, IBVM

Background:

The UN Secretary General’s task force on digital finance in its report titled “People’s Money: Harnessing Digitalization to Finance a Sustainable Future,” spells out the transformational impact digital finance can have on sustainable development. Providing relief for millions around the world, supporting businesses, and protecting jobs and livelihoods, digital finance served as a lifeline during the COVID-19 pandemic. A World Bank tally of policy responses to the pandemic finds that at least 58 governments in developing countries used digital payments to deliver COVID-19 relief, of which 36 countries made payments into fully transactional accounts that were being used for saving beyond simply withdrawing cash. According to the GSMA, international remittances processed via mobile money increased by 65 percent in 2020.

Proponents of digital finance highlight its strong capabilities to reduce transaction costs, the potential of Artificial Intelligence to provide fair and equitable treatment of credit applicants, and the scalability of cloud technology, through the use of blockchain technology, to allow consumers to transact remotely and seamlessly across multiple platforms.

While the experience of COVID-19 has proven that digitalization can transform economies and lives, it needs to be shaped with both its advantages and potential risks in mind in order to bring everyone into the digital age. For technology to benefit everyone, private sector innovation must be supported by the appropriate public goods such as the public provision of foundational infrastructure, access to electricity, mobile and internet coverage.

As in the case of any disruptive technology, without combining technological advances with sound policy measures, digital technology cannot deliver on its potential to meaningfully advance financial inclusion for everyone, including the more than 2 billion unbanked people globally. Delivering on promises to advance financial inclusion can only be considered meaningful when the account holder has a fully functional account that they utilize to save, make payments, obtain manageable credit, and mitigate economic risks and is simply not utilized to withdraw cash from cash transfers from the government, which is overwhelmingly the case at this time.

By examining successful strategies that maximize digital finance’s potential while minimizing risks to the financial sector, government revenues, and at-risk populations, attendees will gain a better understanding of how digital finance can sustainably advance development objectives.

_______________________________________________________________________________________

CoNGO Notes: The NGO Committee on Financing for Development is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations.

NGO Committee on Financing for Development monthly meeting

Dear NGO Committee on FfD members & interested NGO colleagues,

The next  NGO Committee on Financing for Development meeting will take place by Zoom on December 8 from 1:00 – 3:00 pm EST.  The agenda and minutes of the meeting are posted to the meeting folder, which can be accessed here. Additional documents will be posted over the weekend. Kindly review the documents before the meeting
The Zoom invitation is included below. After registering, you will receive a confirmation email containing information about joining the meeting.
___________________________________________________________________________________________
CoNGO Notes: The NGO Committee on Financing for Development is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations. Likewise, for more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com.

NGO Committee on Financing for Development monthly meeting

Dear NGO Committee on FfD members & interested NGO colleagues,

The next  NGO Committee on Financing for Development meeting will take place by Zoom on December 8 from 1:00 – 3:00 pm EST.  The agenda and minutes of the meeting are posted to the meeting folder, which can be accessed here. Additional documents will be posted over the weekend. Kindly review the documents before the meeting
The Zoom invitation is included below. After registering, you will receive a confirmation email containing information about joining the meeting.
___________________________________________________________________________________________
CoNGO Notes: The NGO Committee on Financing for Development is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations. Likewise, for more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com.

The Climate Emergency: Does Religion Matter?

You are invited to “The Climate Emergency: Does Religion Matter?”, the latest installment of the Temple of Understanding’s ECO JUSTICE FOR ALL Dialogues. These are special intimate discussions about the climate emergency with international ChangeMakers.

ECO JUSTICE FOR ALL interviews and dialogues are ongoing programs presented by the Temple of Understanding, incorporating our outreach in the area of environmental awareness and advocacy. We present a diverse range of perspectives, from scientific to spiritual views, on the climate emergency and offer a variety of solutions that we can all do easily and effectively in our everyday lives. World religious and spiritual visionaries, Indigenous leaders, scientists and social scientists, environmental activists, artists, musicians and writers, youth and elders, local and global people, all come together to address the urgency of the climate crisis through these ongoing interviews and dialogues.

Register here!

Speakers:

Rabbi Ellen Bernstein is an eco-theologian, spiritual leader, writer and creative. She founded Shomrei Adamah, Keepers of the Earth, the first national Jewish environmental organization in 1988. Her books include Let the Earth Teach You Torah, Ecology and the Jewish Spirit, and The Splendor of Creation. Ellen also created the first ecologically-centered Tu B’Sh’vat (Jewish New Year of theTrees) seder in 1988 and popularized Tu B’Sh’vat as a community-wide inter-spiritual ecological arts celebration for all peoples. Her most recent book, The Promise of the Land, A Passover Haggadah is the first comprehensive, ecological haggadah (guidebook) for Passover (Behrman House, 2020). In 2020 during the pandemic, Ellen launched the Earth Seder movement, helping to organize several dozen world-wide Earth Seders on Zoom. Ellen continues to write and teach on the ecology of the Hebrew Bible, and serves on the advisory board of the Yale Forum on Religion and Ecology. To learn more please visit ellenbernstein.org and thepromiseoftheland.com.

Theodore Hiebert writes about biblical perspectives on the environment and about biblical views of identity and difference. His book The Yahwist’s Landscape: Nature and Religion in Early Israel challenges claims that the Bible privileges humans and separates them from nature, and it shows how biblical religion is grounded in the natural world. He has made contributions about biblical perspectives on nature to such works as The New Interpreter’s Dictionary of the Bible, The Oxford Companion to the Bible, Earth and Word: Classic Sermons on Saving the Planet, and Interpretation. He is the author of the article on Genesis for the forthcoming Oxford Handbook of the Bible and Ecology. Ted was the lead translator of the Book of Genesis and one of the editors for the recent English translation, the Common English Bible (CEB). He wrote the notes to Genesis for the CEB Study Bible and for the New Interpreter’s Study Bible, based on the New Revised Standard Version. He is the Old Testament editor for Abingdon Press’s Covenant Bible Study. Ted also writes about biblical views of identity and difference. His book The Beginning of Difference: Discovering Identity in God’s Diverse World challenges exclusivist cultural interpretations of the book of Genesis and reveals a text that embraces and celebrates ethnic identities and differences. It contains a reinterpretation of the story of Babel as positive account of the origin of the world’s cultures. God’s Big Plan, which he co-authored with Elizabeth Caldwell, is a children’s story of Babel based on this new interpretation. Ted is currently at work on a study of the book of Genesis as migration literature. Ted is a member of the Mennonite Church and has served as pastor of the Boston Mennonite Congregation. He is a frequent lecturer and teacher in adult education programs in churches in the Chicago area. He is Francis A. McGaw Professor of Old Testament and Dean of the Faculty Emeritus at McCormick Theological Seminary in Chicago and lives in Homewood, IL.

___________________________________________________________________________________________

CoNGO Notes: For more information on the Committee of Religious NGOs at the United Nations, please visit rngos.wordpress.com. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com.

The Climate Emergency: Does Religion Matter?

You are invited to “The Climate Emergency: Does Religion Matter?”, the latest installment of the Temple of Understanding’s ECO JUSTICE FOR ALL Dialogues. These are special intimate discussions about the climate emergency with international ChangeMakers.

ECO JUSTICE FOR ALL interviews and dialogues are ongoing programs presented by the Temple of Understanding, incorporating our outreach in the area of environmental awareness and advocacy. We present a diverse range of perspectives, from scientific to spiritual views, on the climate emergency and offer a variety of solutions that we can all do easily and effectively in our everyday lives. World religious and spiritual visionaries, Indigenous leaders, scientists and social scientists, environmental activists, artists, musicians and writers, youth and elders, local and global people, all come together to address the urgency of the climate crisis through these ongoing interviews and dialogues.

Register here!

Speakers:

Rabbi Ellen Bernstein is an eco-theologian, spiritual leader, writer and creative. She founded Shomrei Adamah, Keepers of the Earth, the first national Jewish environmental organization in 1988. Her books include Let the Earth Teach You Torah, Ecology and the Jewish Spirit, and The Splendor of Creation. Ellen also created the first ecologically-centered Tu B’Sh’vat (Jewish New Year of theTrees) seder in 1988 and popularized Tu B’Sh’vat as a community-wide inter-spiritual ecological arts celebration for all peoples. Her most recent book, The Promise of the Land, A Passover Haggadah is the first comprehensive, ecological haggadah (guidebook) for Passover (Behrman House, 2020). In 2020 during the pandemic, Ellen launched the Earth Seder movement, helping to organize several dozen world-wide Earth Seders on Zoom. Ellen continues to write and teach on the ecology of the Hebrew Bible, and serves on the advisory board of the Yale Forum on Religion and Ecology. To learn more please visit ellenbernstein.org and thepromiseoftheland.com.

Theodore Hiebert writes about biblical perspectives on the environment and about biblical views of identity and difference. His book The Yahwist’s Landscape: Nature and Religion in Early Israel challenges claims that the Bible privileges humans and separates them from nature, and it shows how biblical religion is grounded in the natural world. He has made contributions about biblical perspectives on nature to such works as The New Interpreter’s Dictionary of the Bible, The Oxford Companion to the Bible, Earth and Word: Classic Sermons on Saving the Planet, and Interpretation. He is the author of the article on Genesis for the forthcoming Oxford Handbook of the Bible and Ecology. Ted was the lead translator of the Book of Genesis and one of the editors for the recent English translation, the Common English Bible (CEB). He wrote the notes to Genesis for the CEB Study Bible and for the New Interpreter’s Study Bible, based on the New Revised Standard Version. He is the Old Testament editor for Abingdon Press’s Covenant Bible Study. Ted also writes about biblical views of identity and difference. His book The Beginning of Difference: Discovering Identity in God’s Diverse World challenges exclusivist cultural interpretations of the book of Genesis and reveals a text that embraces and celebrates ethnic identities and differences. It contains a reinterpretation of the story of Babel as positive account of the origin of the world’s cultures. God’s Big Plan, which he co-authored with Elizabeth Caldwell, is a children’s story of Babel based on this new interpretation. Ted is currently at work on a study of the book of Genesis as migration literature. Ted is a member of the Mennonite Church and has served as pastor of the Boston Mennonite Congregation. He is a frequent lecturer and teacher in adult education programs in churches in the Chicago area. He is Francis A. McGaw Professor of Old Testament and Dean of the Faculty Emeritus at McCormick Theological Seminary in Chicago and lives in Homewood, IL.

___________________________________________________________________________________________

CoNGO Notes: For more information on the Committee of Religious NGOs at the United Nations, please visit rngos.wordpress.com. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com.

Revisiting Financing for Development

In preparing to mark the 20th  anniversary of the first United Nations International Conference on Financing for Development held in Monterrey, Mexico in March 2002, a process that promised so much, it is only prudent to reflect on the history of the Financing for Development (FfD) processes, especially considering the negative impact of the COVID-19 pandemic on efforts to curb the widening of the gap between the rich and poor, both within and among countries. During these trying times, the poor and the most vulnerable are left at the mercy of ineffective regional and global policies. We are also witnessing the erosion of personal freedoms, even within the so-called bastions of democracy. Individual and corporate greed seems to be dictating the direction of these financial policies.

In light of the pandemic and a looming global recession, the UN Secretary-General Antonio Guterres sounded the alarm: “We must act quickly and decisively to protect people and strengthen societies in the face of this shock, which comes on top of a global climate emergency, soaring inequality and growing discontent with the economic and social order in general.”

The premise of the FfD process has been to eradicate poverty, achieve sustained economic growth and promote sustainable development in an inclusive and equitable global economic system. There needs to be a systemic transformation of the global financial architecture and global division of labor towards achieving a just, green, equitable and gender-sensitive recovery in the current and post-COVID-19 scenario.

Financial regulations that turn a blind eye toward tax-havens are indicators of the extent to which the privatization of wealth has generated today’s culture of shortsightedness. Morality is not arbitrary. The well-being of our planet and its 7.5 billion human inhabitants require a readjustment of perspective that justly distributes wealth, recognizing that shared prosperity sustains life.

As civil society organizations, we have the moral obligation, the responsibility and needed insights, and opportunities to join in advocating to change this narrative. This moment calls for a greater vision of the world that ought to be, than the empty promises of our current global social compact.  This is the time to join forces to remove the malignant growth of addiction to individual/private gain/profit and promote communal gains and wellbeing by advocating for financial structures that support collaboration, transparency, and accountability.

We, as civil society, have the ability and insight to change the narrative. Let us start by reviewing our individual and collective roles and the prospects of the FfD process to invigorate our plan of action to bring about the change for which we have been clamoring.

Register here!

__________________________________________________________________________________________

CoNGO Notes: For more information on the NGO Committee on Financing for Development, an official Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations, please visit ngosonffd.org. Likewise, for more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com

Revisiting Financing for Development

In preparing to mark the 20th  anniversary of the first United Nations International Conference on Financing for Development held in Monterrey, Mexico in March 2002, a process that promised so much, it is only prudent to reflect on the history of the Financing for Development (FfD) processes, especially considering the negative impact of the COVID-19 pandemic on efforts to curb the widening of the gap between the rich and poor, both within and among countries. During these trying times, the poor and the most vulnerable are left at the mercy of ineffective regional and global policies. We are also witnessing the erosion of personal freedoms, even within the so-called bastions of democracy. Individual and corporate greed seems to be dictating the direction of these financial policies.

In light of the pandemic and a looming global recession, the UN Secretary-General Antonio Guterres sounded the alarm: “We must act quickly and decisively to protect people and strengthen societies in the face of this shock, which comes on top of a global climate emergency, soaring inequality and growing discontent with the economic and social order in general.”

The premise of the FfD process has been to eradicate poverty, achieve sustained economic growth and promote sustainable development in an inclusive and equitable global economic system. There needs to be a systemic transformation of the global financial architecture and global division of labor towards achieving a just, green, equitable and gender-sensitive recovery in the current and post-COVID-19 scenario.

Financial regulations that turn a blind eye toward tax-havens are indicators of the extent to which the privatization of wealth has generated today’s culture of shortsightedness. Morality is not arbitrary. The well-being of our planet and its 7.5 billion human inhabitants require a readjustment of perspective that justly distributes wealth, recognizing that shared prosperity sustains life.

As civil society organizations, we have the moral obligation, the responsibility and needed insights, and opportunities to join in advocating to change this narrative. This moment calls for a greater vision of the world that ought to be, than the empty promises of our current global social compact.  This is the time to join forces to remove the malignant growth of addiction to individual/private gain/profit and promote communal gains and wellbeing by advocating for financial structures that support collaboration, transparency, and accountability.

We, as civil society, have the ability and insight to change the narrative. Let us start by reviewing our individual and collective roles and the prospects of the FfD process to invigorate our plan of action to bring about the change for which we have been clamoring.

Register here!

__________________________________________________________________________________________

CoNGO Notes: For more information on the NGO Committee on Financing for Development, an official Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations, please visit ngosonffd.org. Likewise, for more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com

Changing narratives about unpaid care work and the economy

The pandemic has shown the critical importance of Care. It also exposed the challenges that women, particularly mothers, face in juggling paid work and unpaid Care responsibilities. At the heart of the problem is our current economic system, which considers unpaid care work – and nature – as endless and free commodities.
The Covid-19 crisis provides a unique opportunity to repurpose our economy, so that it serves the wellbeing of people and our planet. Bringing about such systemic change begins by changing narratives and perspectives on both unpaid care work and the economy.
Programme and list of speakers
Introductions:
  • Anne-Claire de Liedekerke, President, Make Mothers Matter
  • Olivier De Schutter, UN Special Rapporteur on extreme poverty and human rights
Moderator: Susan Himmelweit, Feminist economist, Emeritus professor of economics for the Open University in the UK, member of the UK Women’s Budget Group Commission for a Gender Equal Economy
Presentations:
  • Gary Barker, Founder and CEO, Promundo Global
  • Sonia Malaspina, Human Resources Director, Danone SN Italy
  • Anam Parvez, Research Lead in Evidence and Strategic Learning, Oxfam Great Britain
  • Shahra Razavi, Director, ILO Social Protection Department
Q&A

_____________________________________________________________________________________________

CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the Vienna NGO Committee on the Family, please visit viennafamilycommittee.org. For more information on the NGO Committee on the Family-NY, please visit ngofamilyny.org. For more information on the NGO Committee on Social Development, please visit ngosocdev.org.

Changing narratives about unpaid care work and the economy

The pandemic has shown the critical importance of Care. It also exposed the challenges that women, particularly mothers, face in juggling paid work and unpaid Care responsibilities. At the heart of the problem is our current economic system, which considers unpaid care work – and nature – as endless and free commodities.
The Covid-19 crisis provides a unique opportunity to repurpose our economy, so that it serves the wellbeing of people and our planet. Bringing about such systemic change begins by changing narratives and perspectives on both unpaid care work and the economy.
Programme and list of speakers
Introductions:
  • Anne-Claire de Liedekerke, President, Make Mothers Matter
  • Olivier De Schutter, UN Special Rapporteur on extreme poverty and human rights
Moderator: Susan Himmelweit, Feminist economist, Emeritus professor of economics for the Open University in the UK, member of the UK Women’s Budget Group Commission for a Gender Equal Economy
Presentations:
  • Gary Barker, Founder and CEO, Promundo Global
  • Sonia Malaspina, Human Resources Director, Danone SN Italy
  • Anam Parvez, Research Lead in Evidence and Strategic Learning, Oxfam Great Britain
  • Shahra Razavi, Director, ILO Social Protection Department
Q&A

_____________________________________________________________________________________________

CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the Vienna NGO Committee on the Family, please visit viennafamilycommittee.org. For more information on the NGO Committee on the Family-NY, please visit ngofamilyny.org. For more information on the NGO Committee on Social Development, please visit ngosocdev.org.

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