Let me end today’s speech with another Goethe quote, then: “Enough words have been exchanged; now at last let me see some deeds!” Thank you for your attention. 1 www.un.org/sustainabledevelopment/blog/2019/09/unite-in-science-report/ 2 ESG stands for environmental, social and governance. 3 “The IMF is gearing up very rapidly to integrate climate risks in our surveillance work.” 4 www.un.org/en/climatechange/assets/pdf/CAS_main_release.pdf 5 See Deutsche Bundesbank, Monthly Report, October 2019.
I look forward to seeing the positive impact of such digital financial inclusion on poverty reduction and economic growth in the near future. Financial inclusion has implications for the institutional foundations of banking and finance. To introduce new financial services, or to permit new entities to provide traditional services, the relevant financial business laws would need to be updated appropriately.