Potential of digital finance highlighted in new reportAugust 27, 2020
A new report, “People’s Money: Harnessing Digitalization to Finance a Sustainable Future”, by the UN Secretary-General’s Task Force on Digital Finance sets out an ambitious, practical Action Agenda. It spells out how digital finance can be harnessed in ways that empower citizens as tax-payers and investors in envisaging a digital transformation at scale that better aligns people’s money with their needs, collectively expressed by the Sustainable Development Goals (SDGs).
The report highlights how billions of people around the world are responding to the COVID-19 pandemic using digital tools to work, spend and socialize. It argues there is an historic opportunity to harness digitalization in placing citizens, the ultimate owners of the world’s financial resources, in control of finance to ensure that it meets their needs, today and in the future.
MAVA’s partner Green Digital Finance Alliance has in particular helped advance this important agenda. This issue is one of MAVA’s funding priorities with the final aim of reversing the widescale destruction of biodiversity by driving financing both out of activities that destroy biodiversity and into those that help preserve it.
Download the report here or watch the video about the report: