1st Expert roundtable of the International Dialogue on Global Digital Finance

The Dialogue on Governance of Global Digital Finance, a Task Force Pathfinder Initiative, held its first (virtual) expert roundtable on May 18. After an opening by the co-Chairs and an address by the Swiss Minister of Foreign Affairs, the roundtable set out to discuss the cross-border effects of Global Digital Finance platforms (BigFinTechs) and ways in which their governance might take greater account of their impacts on sustainable development, especially in least developed markets. The discussions involved representatives from the Swiss Agency for Development and Cooperation experts from the international development community (Consultative Group to Assist the Poor, International Finance Corporation, Asian Development Bank, Alliance for Financial Inclusion), global governance institutions (including the IMF, World Bank and Bank of International Settlements), senior academics, private sector players and task force members, in addition to UNDP and UNCDF representatives, including the High Level Panel for Digital Cooperation. Overall, experts felt compelled by the agenda and identified specific issues, pointed to new areas for further investigation, highlighted latest developments and encouraged the Dialogue platform to pursue ‘its important and very timely work’.

The Dialogue on Governance of Global Digital Finance, a Task Force Pathfinder Initiative, held its first (virtual) expert roundtable on May 18. After an opening by the co-Chairs and an address by the Swiss Minister of Foreign Affairs, the roundtable set out to discuss the cross-border effects of Global Digital Finance platforms (BigFinTechs) and ways in which their governance might take greater account of their impacts on sustainable development, especially in least developed markets. The discussions involved representatives from the Swiss Agency for Development and Cooperation experts from the international development community (Consultative Group to Assist the Poor, International Finance Corporation, Asian Development Bank, Alliance for Financial Inclusion), global governance institutions (including the IMF, World Bank and Bank of International Settlements), senior academics, private sector players and task force members, in addition to UNDP and UNCDF representatives, including the High Level Panel for Digital Cooperation. Overall, experts felt compelled by the agenda and identified specific issues, pointed to new areas for further investigation, highlighted latest developments and encouraged the Dialogue platform to pursue ‘its important and very timely work’.