The third meeting of the Task Force was at the offices of the World Economic Forum. The Task Force met to review progress and discuss its findings and recommendations. The Task Force made the case that all money is people’s money.
Alignment of digital finance to people’s goals will not happen automatically, there are barriers such as lack of access, weak capabilities, challenges in accessing relevant data, and resistance of some incumbents to change. Digitalization also creates new risks, such as biases in algorithms, market concentration, short-termism, consumer protection, socially undesirable transactions, illicit flows and energy impacts. Also, robust people-centric digital foundations and ecosystems, steered with smart policies and robust governance arrangements, will be necessary to harness digitalization for financing of the SDGs. Task Force members carefully reviewed the proposed Pathfinder Initiatives, in keeping with the mandate given by the UN Secretary General to recommend and catalyze ways in which digitalization can accelerate financing of the SDGs.
The third meeting of the Task Force was at the offices of the World Economic Forum. The Task Force met to review progress and discuss its findings and recommendations. The Task Force made the case that all money is people’s money.
Alignment of digital finance to people’s goals will not happen automatically, there are barriers such as lack of access, weak capabilities, challenges in accessing relevant data, and resistance of some incumbents to change. Digitalization also creates new risks, such as biases in algorithms, market concentration, short-termism, consumer protection, socially undesirable transactions, illicit flows and energy impacts. Also, robust people-centric digital foundations and ecosystems, steered with smart policies and robust governance arrangements, will be necessary to harness digitalization for financing of the SDGs. Task Force members carefully reviewed the proposed Pathfinder Initiatives, in keeping with the mandate given by the UN Secretary General to recommend and catalyze ways in which digitalization can accelerate financing of the SDGs.
