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Stakeholders examine benefits of digital public infrastructure at IMF meeting. India example discussed. The IMF boss called “unwavering political commitment.”
Apr 21, 2023, 8:07 am EDT | Ayang Macdonald Biometric Update
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 by giving people the avenue to the high corridors of power which didn’t exist,” says Georgieva.
In all of these, trust, the panelists agreed, is something which those building DPI must keep in mind and which must not be compromised in anyway whatsoever.
“I think as we digitize more and more, our data and our information are out in the world. There is no question about that. We need to put in place a set of rules and regulations and responsible innovations that protect the privacy of either customers or citizens, and that it is used in ways that are beneficial as possible to our political systems,” says Schulman.
Melinda Gates talked about how these systems can be financed.
India finance minister explains country’s DPI strides
India’s Union Finance Minister Nirmala Sitharaman, who made a presentation as a guest speaker, emphasized that DPI with inclusion in focus can accelerate economic transformation.
Using her country’s example, Sitharaman said DPI can contribute to social and economic growth in different ways, mentioning how the country’s DPI foundational blocks such as its Aadhaar digital ID and the digital payments system (UPI) have streamlined the delivery of government services, improved the business climate, and facilitated the living conditions of citizens.
The Minister said in maximizing the potential of its digital ID and digital payment platforms, India has been able to ramp up its financial inclusion push by building the world’s largest direct benefit transfer system with $322 billion transferred to the direct accounts of around 615 million people.
She also mentioned interoperability, openness, low-cost and transparency as some of the features of India’s inclusive DPI system which has helped them respond to different problems.
India, current chair of the G20, has made the DPI discourse one of its priorities and is pushing for global action for especially developing nations to build such systems which facilitate socio-economic development.
Philippines seek DPI partnership with US, India
In the meantime, the speaker of the Philippines parliament Ferdinand Martin G. Romualdez, who attended the meeting, suggested that a partnership with the United States and India would help his country set up its digital public infrastructure.
Romualdez said building DPI is part of the country’s digital transformation drive which, among other objectives, seeks to replace the bureaucracy in government with a digital machinery that will ensure a seamless delivery of services.
As quoted by The Economic Times of India, Romualdez, who also had a chat with Nandan Nilekani on the sidelines of the meeting, said building DPI for the Philippines aligns with the President’s digital transformation vision and will help the country deal with some of the scares left on the economy by the coronavirus pandemic.
But how can they call on him (Jesus Christ) to save them unless they believe in him (Jesus Christ)? And how can they believe in him (Jesus Christ) if they have never heard about him (Jesus Christ)? And how can they hear about him (Jesus Christ) unless someone tells them?” —Romans 10:14
In His Service,
Night Watchman
Paul Rolland
Night Watchman Ministries
Make Your Decision for Christ NOW!!!!!!! Time is Up!!!!!!!
Jesus Christ’s Offer of Salvation:
The ABCs of Salvation through Jesus Christ (the Lamb)
A. Admit/Acknowledge/Accept that you are sinner. Ask God’s forgiveness and repent of your sins.
. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).
. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).
B. Believe Jesus is Lord. Believe that Jesus Christ is who He claimed to be; that He was both fully God and fully man and that we are saved through His death, burial, and resurrection. Put your trust in Him as your only hope of salvation. Become a son or daughter of God by receiving Christ.
. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).
C. Call upon His name, Confess with your heart and with your lips that Jesus is your Lord and Savior.
. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).
. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).
. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).
. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).
. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).
. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).
. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).
. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).
. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).
. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).
. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).
True Church / Bride of Christ Spared from God’s Wrath:
Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”
Romans 12:19. Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.
1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.
1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,
Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?
Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.
Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.