Digitizing Financial Solutions to Advance Women’s Economic Participation
We recognize that greater participation by women in national economies can drive economic growth and stability, but how do we increase this participation? Digital financial services present an innovative way to improve women's economic participation. With digital infrastructure providing increased access to relevant financial services, women are gaining greater control over resources, improving the performance of their enterprises and participating more in market opportunities.
This month we will discuss how national governments, the private sector and the donor community converge around digital financial solutions to advance women’s economic participation and expand innovative financial inclusion.
The presenters will share insights from the recent report to the G20 Partnership for Financial Inclusion: Digital Financial Solutions to Advance Women’s Participation, written by the World Bank Development Research Group, the Better Than Cash Alliance, the Bill & Melinda Gates Foundation and Women’s World Banking. The presenters will also discuss how these insights apply to strengthening market systems to achieve global development goals.
Ruth Goodwin-Groen is the Managing Director of the UN-housed Better Than Cash Alliance, leading its efforts to accelerate the global shift from cash to digital payments. She represents Better Than Cash Alliance at the G20 Global Partnership for Financial Inclusion, is a member of the World Economic Forum Financial Inclusion Steering Committee and a member of the Reference Group of the United Nations Secretary General’s Special Advocate for Inclusive Finance for Development. Goodwin-Groen previously was the Australian Co-Chair of the G20’s Global Partnership for Financial Inclusion and the Financial Services for the Poor Adviser at AusAID. She has advised many leading organizations in the field of financial inclusion. Goodwin-Groen holds a Ph.D. from the University of Bath, an M.B.A. from Harvard Business School, and a B.Sc. from the University of Western Australia.
Leora Klapper is a Lead Economist in the Finance and Private Sector Research Team of the Development Research Group at the World Bank. Her publications focus on corporate and consumer finance, entrepreneurship and risk management. Her current research studies the impact of digital financial services, especially for women. She is a founder of the Global Findex database, which measures how adults around the world save, borrow, make payments and manage risk. Previously, she has worked at the Board of Governors of the Federal Reserve System, the Bank of Israel and Salomon Smith Barney. She holds a Ph.D. in Financial Economics from New York University’s Stern School of Business.