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Aamir Rehman United Nations Development Programme IFSB Summit - - PowerPoint PPT Presentation
Aamir Rehman United Nations Development Programme IFSB Summit - - PowerPoint PPT Presentation
Aamir Rehman United Nations Development Programme IFSB Summit Jakarta November 14, 2019 2 of the worlds available data was created in the last two years alone! Source: Harnessing Digitization in the Financing of the SDGs, Task Force on
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- f the world’s available
data was created in the last two years alone!
Source: Harnessing Digitization in the Financing of the SDGs, Task Force on Digital Financing of the SDGs, June 2019
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- UN Secretary-General launched the Task Force of Digital
Financing of the SDGs in November 2018
- Task force has 17 members from public sector, private
sector, and the UN system
- UNDP’s Administrator serves as C—Chair of the Task Force
- The body seeks “to understand and anticipate how the
profound changes at the intersection of finance, technology, and sustainability are going to determine the action of both governments and market actors.”
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Information
Empowerment through better, cheaper, and more accessible information
Platforms
The rise of new platforms that draw on digital data and opportunities
Control
Greater control by citizens of their financial lives
Source: Harnessing Digitization in the Financing of the SDGs, Task Force on Digital Financing of the SDGs, June 2019
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1. Identifying major areas of opportunity 2. Supporting governance innovations 3. Building national and regional capabilities 4. Pinpointing needs and occasions for international cooperation 5. Measuring progress
Source: Harnessing Digitization in the Financing of the SDGs, Task Force on Digital Financing of the SDGs, June 2019
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7 Digital Finance SDG Priority Application to Islamic Finance Stakeholders UNDP Tools (partial list) Identifying major areas of
- pportunity
Commercial finance: digital banking, micro-savings, microfinance, crowd funding, micro-takaful, etc. Social finance: Zakat, Awqaf, Sadaqah UNDP Innovative Fianance initiatives; AltFin Labs; Global Islamic Finance and Impact Investing Platform (GIFIIP) Supporting governance innovations IFSB National governance bodies Zakat and Waqf governance Engagement with IFSB Support of BAZNAS MoU with World Zakat Forum Building national and regional capabilities Central banks, capital markets authorities, Zakat agencies, Waqf authorities, etc. Technical assistance and policy support Pinpointing needs and
- ccasions for international
cooperation Collaboration on specific projects and industry bodies like IFSB UNDP partnership with IsDB; MoU with World Zakat Forum; event with CIBAFI Measuring progress Opportunity for national actors and industry bodies to identify and track metrics UNDP SDG Impact capabilities
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