Can Harnessing Blue and Thematic Bonds Build a Sustainable, Regenerative Ocean Economy?

On Wednesday, June 29, at 1pm ET, join the NGO Committee on Financing for Development for an official virtual side event of the 2022 UN Ocean Conference!

A multilateral expert panel will discuss what blue and thematic bonds are, how they’re working in practice, and how to optimize them as building blocks toward a regenerative, sustainable ocean economy.

Register here: us02web.zoom.us/meeting/register/tZEvc–%20%20prD4sG9eXXTtidrPei5J2Xe3tQPb8

Speakers:

H.E. Mr. Ian Dereck Joseph Madeleine, Ambassador, Permanent Mission of Seychelles to the United Nations
Mr. Stephen M. Liberatore, Head of ESG/Impact – Global Fixed Income for Nuveen, a private investor in the Seychelles blue bond
Mr. Greg Fisk, Global Lead – Climate Risk and Resilience, Senior Principal Consultant, BMT
Mr. Nicola Mercusa, Sustainable Finance Hub, Debt and Bond issuance expert advisor, UNDP H.E. Leon Kaulahao Siu, Minister of Foreign Affairs, Kingdom of the Hawaiian Islands
Dr. Megan Davis, Ph.D., Research Professor, Florida Atlantic University, Harbor Branch Oceanographic Institute/ Queen Conch Lab
Additional NGO speakers to be confirmed

Moderator:

Ms. Anita Thomas, Chair, NGO Committee on Financing for Development; Representative to the UN, Women First International Fund (formerly Virginia Gildersleeve International Fund)

Co-organizers: General Board of Church and Society of The United Methodist Church, PEAC Institute, ManUp Campaign, United Religions Initiative, Dominican Leadership Conference, Africa Development Interchange Network, Conference of NGOs in Consultative Relationship with the United Nations (CoNGO), Temple of Understanding

__________________________________________________________________________________________

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. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org.

Can Harnessing Blue and Thematic Bonds Build a Sustainable, Regenerative Ocean Economy?

On Wednesday, June 29, at 1pm ET, join the NGO Committee on Financing for Development for an official virtual side event of the 2022 UN Ocean Conference!

A multilateral expert panel will discuss what blue and thematic bonds are, how they’re working in practice, and how to optimize them as building blocks toward a regenerative, sustainable ocean economy.

Register here: us02web.zoom.us/meeting/register/tZEvc–%20%20prD4sG9eXXTtidrPei5J2Xe3tQPb8

Speakers:

H.E. Mr. Ian Dereck Joseph Madeleine, Ambassador, Permanent Mission of Seychelles to the United Nations
Mr. Stephen M. Liberatore, Head of ESG/Impact – Global Fixed Income for Nuveen, a private investor in the Seychelles blue bond
Mr. Greg Fisk, Global Lead – Climate Risk and Resilience, Senior Principal Consultant, BMT
Mr. Nicola Mercusa, Sustainable Finance Hub, Debt and Bond issuance expert advisor, UNDP H.E. Leon Kaulahao Siu, Minister of Foreign Affairs, Kingdom of the Hawaiian Islands
Dr. Megan Davis, Ph.D., Research Professor, Florida Atlantic University, Harbor Branch Oceanographic Institute/ Queen Conch Lab
Additional NGO speakers to be confirmed

Moderator:

Ms. Anita Thomas, Chair, NGO Committee on Financing for Development; Representative to the UN, Women First International Fund (formerly Virginia Gildersleeve International Fund)

Co-organizers: General Board of Church and Society of The United Methodist Church, PEAC Institute, ManUp Campaign, United Religions Initiative, Dominican Leadership Conference, Africa Development Interchange Network, Conference of NGOs in Consultative Relationship with the United Nations (CoNGO), Temple of Understanding

__________________________________________________________________________________________

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. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org.

Implementing the CSW66 Agreed Conclusions: The Case for Widows, Women’s Land Ownership, and Inheritance

Don’t miss NGO CSW/NY‘s last monthly meeting until September!

Meeting discussion will center on advocacy for the implementation of the CSW66 Agreed Conclusions with a focus on widows, women’s land ownership, and inheritance.

Register here!

Please note that this meeting will be in English. However, the recording will be available with subtitles in the 6 UN languages on our Youtube channel.

__________________________________________________________________________________________

CoNGO Notes: The NGO Committee on the Status of Women-NY 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 the Status of Women-Vienna, please visit ngocswvienna.org. For more information on the NGO Committee on the Status of Women-Geneva, please visit ngocsw-geneva.ch. For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org.

Implementing the CSW66 Agreed Conclusions: The Case for Widows, Women’s Land Ownership, and Inheritance

Don’t miss NGO CSW/NY‘s last monthly meeting until September!

Meeting discussion will center on advocacy for the implementation of the CSW66 Agreed Conclusions with a focus on widows, women’s land ownership, and inheritance.

Register here!

Please note that this meeting will be in English. However, the recording will be available with subtitles in the 6 UN languages on our Youtube channel.

__________________________________________________________________________________________

CoNGO Notes: The NGO Committee on the Status of Women-NY 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 the Status of Women-Vienna, please visit ngocswvienna.org. For more information on the NGO Committee on the Status of Women-Geneva, please visit ngocsw-geneva.ch. For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org.

High-Level Sessions of WSIS Forum 2022

Following the Opening Ceremony, join WSIS for three more high-level sessions

10:30–10:40 Remarks by the Chairman of the WSIS Forum 2022 and Announcement of the High-level Track Facilitators

Mr. Houlin Zhao, Secretary-General, ITU
Chairman Elect: H.E. Mr. Isa Ali Ibrahim, Minister of Communications and Digital Economy of the Federal Republic of Nigeria, Federal Ministry of Communications and Digital Economy, Nigeria

– Mr. Antonio Vitorino, Director General, IOM (video message)

– Ms. Maimunah Mohd Sharif, Executive Director, UN Habitat (video message)

– Ms. Sima Bahous, Executive Director, UN Women (video message)

10:40-11:40 High-level Strategic Dialogue with Partners: ICTs for Well-Being, Inclusion and Resilience: WSIS Cooperation for Accelerating Progress on the SDGs

Mr. Malcolm Johnson, Deputy Secretary-General, ITU (Moderator)
Ms. Mashael Ali Yousef Al Hammadi, Acting Assistant Undersecretary of Government Information Technology Affairs, Ministry of Communications and Information Technology, Qatar (Gold Partner)
Mr. Yoichi Kanda, Director, Global Strategy Division, Global Strategy Bureau, Japan – Partner for Specific Activities
Mr. Alpesh Shah, Senior Director of Global Business Strategy & Intelligence Institute of Electrical and Electronics Engineers (IEEE) – Partner for Specific Activities
Dr. Zhong Luo, Chair, ITU-T SG16 VP, Standards & Industry Development, Huawei Technologies Co., Ltd., China, Partner for Specific Activities
Ms. Janet Umutesi, Senior Manager, Quality Assurance – RURA & ITU Direct Focal Point, Rwanda – Contributing Partner
TBC, Confederation of Switzerland – Contributing Partner
Ms. Constance Bommelaer de Leusse, Vice President, Institutional Relations and Empowerment, Internet Society (ISOC) – Contributing Partner
EY – Contributing Partner (TBC)

– Ms. Olga Algayerova, Executive Secretary, UN ECE (video message)

– Ms. Armida Alisjahbana, Executive Secretary, UN ESCAP (video message)

– Mr. Nikhil Seth, Executive Director, UNITAR (video message)

11:40-12:40 High-Level Strategic Dialogue – WSIS+20: Multistakeholder Digital Cooperation for global development (WSIS Action Lines to achieve the SDGs)

Mr. Mario Maniewicz, BR Director (Moderator)
Ms. Maria-Francesca Spatolisano, Acting Envoy on Technology, Office of the Secretary-General’s Envoy on Technology UN Tech Envoy (video message)
H.E. Mr. Chris Philp, Minister for Technology and the Digital Economy, United Kingdom – Supporting Partner (video message)
H.E. Mr. Kwame McCoy, MP, Minister, Within Office of the Prime Minister of Guyana, Guyana
Mrs. Maitseo Ratladi, Director Broadband & Universal Access and Services, Botswana Communications Regulatory Authority (BOCRA)
Mr. Mansour Al-Qurashi, Chair, CSTD (TBC)
Mr. Michael Hodin, GCOA – Supporting Partner
Ms. Moira de Roche, Vice President, IFIP – Supporting Partner

______________________________________________________________________________________

CoNGO Notes: 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. For more information on the NGO Committee on Education, Learning and Literacy, please visit facebook.com/NGOCELLatUN. For more information on the NGO Committee on Language and Languages, please email the co-chairs at tonkin@hartford.edu or fmhult@umbc.edu.

High-Level Sessions of WSIS Forum 2022

Following the Opening Ceremony, join WSIS for three more high-level sessions

10:30–10:40 Remarks by the Chairman of the WSIS Forum 2022 and Announcement of the High-level Track Facilitators

Mr. Houlin Zhao, Secretary-General, ITU
Chairman Elect: H.E. Mr. Isa Ali Ibrahim, Minister of Communications and Digital Economy of the Federal Republic of Nigeria, Federal Ministry of Communications and Digital Economy, Nigeria

– Mr. Antonio Vitorino, Director General, IOM (video message)

– Ms. Maimunah Mohd Sharif, Executive Director, UN Habitat (video message)

– Ms. Sima Bahous, Executive Director, UN Women (video message)

10:40-11:40 High-level Strategic Dialogue with Partners: ICTs for Well-Being, Inclusion and Resilience: WSIS Cooperation for Accelerating Progress on the SDGs

Mr. Malcolm Johnson, Deputy Secretary-General, ITU (Moderator)
Ms. Mashael Ali Yousef Al Hammadi, Acting Assistant Undersecretary of Government Information Technology Affairs, Ministry of Communications and Information Technology, Qatar (Gold Partner)
Mr. Yoichi Kanda, Director, Global Strategy Division, Global Strategy Bureau, Japan – Partner for Specific Activities
Mr. Alpesh Shah, Senior Director of Global Business Strategy & Intelligence Institute of Electrical and Electronics Engineers (IEEE) – Partner for Specific Activities
Dr. Zhong Luo, Chair, ITU-T SG16 VP, Standards & Industry Development, Huawei Technologies Co., Ltd., China, Partner for Specific Activities
Ms. Janet Umutesi, Senior Manager, Quality Assurance – RURA & ITU Direct Focal Point, Rwanda – Contributing Partner
TBC, Confederation of Switzerland – Contributing Partner
Ms. Constance Bommelaer de Leusse, Vice President, Institutional Relations and Empowerment, Internet Society (ISOC) – Contributing Partner
EY – Contributing Partner (TBC)

– Ms. Olga Algayerova, Executive Secretary, UN ECE (video message)

– Ms. Armida Alisjahbana, Executive Secretary, UN ESCAP (video message)

– Mr. Nikhil Seth, Executive Director, UNITAR (video message)

11:40-12:40 High-Level Strategic Dialogue – WSIS+20: Multistakeholder Digital Cooperation for global development (WSIS Action Lines to achieve the SDGs)

Mr. Mario Maniewicz, BR Director (Moderator)
Ms. Maria-Francesca Spatolisano, Acting Envoy on Technology, Office of the Secretary-General’s Envoy on Technology UN Tech Envoy (video message)
H.E. Mr. Chris Philp, Minister for Technology and the Digital Economy, United Kingdom – Supporting Partner (video message)
H.E. Mr. Kwame McCoy, MP, Minister, Within Office of the Prime Minister of Guyana, Guyana
Mrs. Maitseo Ratladi, Director Broadband & Universal Access and Services, Botswana Communications Regulatory Authority (BOCRA)
Mr. Mansour Al-Qurashi, Chair, CSTD (TBC)
Mr. Michael Hodin, GCOA – Supporting Partner
Ms. Moira de Roche, Vice President, IFIP – Supporting Partner

______________________________________________________________________________________

CoNGO Notes: 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. For more information on the NGO Committee on Education, Learning and Literacy, please visit facebook.com/NGOCELLatUN. For more information on the NGO Committee on Language and Languages, please email the co-chairs at tonkin@hartford.edu or fmhult@umbc.edu.

Financing for Universal and Crisis-Responsive Social Protection and Decent Work: Proposals of 2021 UN Inter-Agency Working Group

Join the NGO Committee on Financing for Development on Tuesday, April 26, from 8 – 9:30am EST for an official side event of the 2022 ECOSOC Financing for Development Forum on Financing for Universal and Crisis-Responsive Social Protection and Decent Work: Proposals of 2021 UN Inter-Agency Working Group

Speakers:

H.E. Mr. Phillippe Kridelka, Ambassador, Permanent Representative of Belgium to the United Nations
Mr. Helmut Schwarzner, Senior Social Security Specialist for the Americas, Social Protection Department, ILO Geneva
Mr. David Stewart, Chief of Child Strategy and Social Protection, UNICEF
Dr. Santosh Mehrotra, Research Fellow, IZA Institute of Labor Economics, Bonn, Germany
Ms. Tikhala Itaye, Director, Global Movement Building, Women in Global Health

Moderator: Dr. Barry Herman, Member Advisory Board, Social Justice in Global Development

Register here: https://us02web.zoom.us/meeting/register/tZYsfuqqrjwiHtLVutntuRo0xgsa9K_vEKxP

Co-sponsors: Vivat International, Women First International Fund, Salesian Missions, International Labour Organization, World Vision, Social Justice in Global Development

Background: Social protection refers to assuring a basic income floor and access to basic healthcare throughout the life cycle. It should be provided universally to all people in need, but that is far from current practice. While decent jobs, including self-employment, are mainly in the private economy, meeting the qualifications for most jobs usually requires education and good health, which are primarily public service functions. Thus, programs to promote social protection and decent jobs entail adequate, effective, and fair national systems of taxation, complemented by international assistance, often in the form of technical assistance but also sometimes in aid-financed budget support, as for low-income countries.

The experience of the pandemic laid bare inadequate systems to deliver cash transfers to compensate for the economic costs of the crisis and inadequate public health systems to deliver vaccines, tests, and protective equipment, along with the very limited capacity, especially in developing countries, to maintain employment during the crisis-induced economic contraction. The pandemic experience requires us to think about preparing better “shock responsive” social protection and health systems and stronger counter-cyclical policies. Preparation, in turn, requires consideration of ways to mobilize the necessary domestic and international financial resources on an ongoing basis and with the capacity to meet the higher expenditure needs at times of crisis.

While the inter-agency report concluded with 21 separate proposals, speakers in the side event will be asked to discuss one or more of the proposals. There is no expectation that all 21 proposals would be covered, nor is that necessary. What is necessary is to bring the attention of the FfD Follow-up Forum for consideration by policymakers the work of the 16 cooperating agencies in the task force and the civil society, labor, employer, and youth stakeholders that were consulted in preparing the report.

______________________________________________________________________________________

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.

Financing for Universal and Crisis-Responsive Social Protection and Decent Work: Proposals of 2021 UN Inter-Agency Working Group

Join the NGO Committee on Financing for Development on Tuesday, April 26, from 8 – 9:30am EST for an official side event of the 2022 ECOSOC Financing for Development Forum on Financing for Universal and Crisis-Responsive Social Protection and Decent Work: Proposals of 2021 UN Inter-Agency Working Group

Speakers:

H.E. Mr. Phillippe Kridelka, Ambassador, Permanent Representative of Belgium to the United Nations
Mr. Helmut Schwarzner, Senior Social Security Specialist for the Americas, Social Protection Department, ILO Geneva
Mr. David Stewart, Chief of Child Strategy and Social Protection, UNICEF
Dr. Santosh Mehrotra, Research Fellow, IZA Institute of Labor Economics, Bonn, Germany
Ms. Tikhala Itaye, Director, Global Movement Building, Women in Global Health

Moderator: Dr. Barry Herman, Member Advisory Board, Social Justice in Global Development

Register here: https://us02web.zoom.us/meeting/register/tZYsfuqqrjwiHtLVutntuRo0xgsa9K_vEKxP

Co-sponsors: Vivat International, Women First International Fund, Salesian Missions, International Labour Organization, World Vision, Social Justice in Global Development

Background: Social protection refers to assuring a basic income floor and access to basic healthcare throughout the life cycle. It should be provided universally to all people in need, but that is far from current practice. While decent jobs, including self-employment, are mainly in the private economy, meeting the qualifications for most jobs usually requires education and good health, which are primarily public service functions. Thus, programs to promote social protection and decent jobs entail adequate, effective, and fair national systems of taxation, complemented by international assistance, often in the form of technical assistance but also sometimes in aid-financed budget support, as for low-income countries.

The experience of the pandemic laid bare inadequate systems to deliver cash transfers to compensate for the economic costs of the crisis and inadequate public health systems to deliver vaccines, tests, and protective equipment, along with the very limited capacity, especially in developing countries, to maintain employment during the crisis-induced economic contraction. The pandemic experience requires us to think about preparing better “shock responsive” social protection and health systems and stronger counter-cyclical policies. Preparation, in turn, requires consideration of ways to mobilize the necessary domestic and international financial resources on an ongoing basis and with the capacity to meet the higher expenditure needs at times of crisis.

While the inter-agency report concluded with 21 separate proposals, speakers in the side event will be asked to discuss one or more of the proposals. There is no expectation that all 21 proposals would be covered, nor is that necessary. What is necessary is to bring the attention of the FfD Follow-up Forum for consideration by policymakers the work of the 16 cooperating agencies in the task force and the civil society, labor, employer, and youth stakeholders that were consulted in preparing the report.

______________________________________________________________________________________

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.

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.

financial inclusion

Recent Posts