CEO Ecocash appointed into UN Secretary General’s Advisory Team

CEO Ecocash appointed into UN Secretary General’s Advisory Team

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United Nations Secretary-General António Guterres, has appointed Natalie Jabangwe, Ecocash chief executive, into the inaugural Task Force on Digital Financing.

The taskforce will propose strategies to control the potential of financial technology in advancing the Sustainable Development Goals.

It will be co-chaired by ABSA chief executive, Maria Ramos and United Nations Administrator Achim Steiner.

Guterres said the impact of technology in achieving financial inclusion cannot be underestimated.

“We have already seen how technology has helped expand financial inclusion -itself an important goal – by 1.2 billion people in just six years.

“But we have only just begun to tap the potential of digital finance and investment to meet the broader agenda set forth in the Sustainable Development Goals and the Paris Agreement on climate change,” he said.

Taskforce co-chair Achim Steiner pointed to promising examples of fintech-driven solutions that advance sustainability, from channeling personal savings into long-term investment vehicles such as government bonds to using blockchain and tokenization to support renewable energy developments.

“Domestic savings in most countries are still not channeled effectively into the larger-scale financing needed for sustainable development. We need to understand how to harness digitalization to direct the flows of capital to vital work linked to the SDGs, including areas from biodiversity to connecting rural economies with global market opportunities and which, to date, remain largely untouched by the fintech revolution,” he said.

The Task Force on Digital Financing will meet in Davos in January and is expected to present its preliminary report of recommendations to the Secretary-General in September.

 

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