Speakers at a seminar during the recent spring meetings of the Bretton Woods institutions (IMF and World Bank) shared thoughts on how nations can advance their economic and digital transformation ambitions by building inclusive digital public infrastructure (DPI). The forum, which took place on 14 April, was dubbed ‘Digital Public Infrastructure: Stacking up the benefits,’ and moderated by CNN Business Anchor Julia Chatterley. It had contributions from IMF Director General Kristalina Georgieva, India’s Minister of Finance and Cooperate Affairs Nirmala Sitharaman, Co-chair of the Gates Foundation Melinda Gates, Co-founder of Infosys Nandan Nilekani , President and CEO of PayPal Dan Schulman, the UN Secretary General’s special advocate for inclusive finance Queen Maxima of the Netherlands. The panelists discussed the various factors favorable for building DPIs, and also stressed the need for what the IMF boss called “unwavering political commitment” which can “open up tremendous opportunities.” They stressed the importance of digital ID systems as well as other factors such as internet which can enhance digital connectivity. “I think of a world in which the power of connectivity is accessible to everyone because when you have this power, then you influence future political decisions. So, you are actually democratizing society […]
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