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Digital Finance Is the Key to Post-Pandemic Development

After decades of rising inequality and unsustainable investment, we have the tools and knowhow to achieve inclusive, sustainable development. We must use them to leverage new digital-finance technology to build a financial system that works for people and the planet.

NAIROBI – “We are experiencing the sharpest decline in per capita income since 1870,” United Nations Secretary-General (UNSG) António Guterres pointed out in a recent speech, warning that the COVID-19 crisis has put 70-100 million people at risk of being pushed into extreme poverty. Preventing that outcome will require concerted and comprehensive action to reboot and rebuild the global economy in a sustainable, inclusive way. Technology – in particular, new digital-finance tools – can play an important role in this process.

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