Mastercard: How To Spark a Revolution in Inclusion - Seite 2

They got the license.

Today the Mann Deshi Bank, which Sinha founded, offers financial services and affordable credit to hundreds of thousands of women. "These people, they have a vision. It's a matter of us listening to them and providing the solution," she said. "Listen to them, and nobody will be left behind."

In a separate panel, philanthropist Melinda French Gates led a discussion with Dawson on how to close the $160 trillion women's wealth gap. "With the speed and the scale, if we capitalize women and if we open up their entrepreneurial nature and their possibility, we're going to have an amazing compounding affect around the world," Gates said.

Dawson is the co-founder of Studio 189, a sustainable fashion brand and social enterprise that features African artisans. "Our whole motto is work, not charity. It's very much about knowing that investing in women has an absolutely cumulative effect … It's not just access to capital, it's the resources, it's the network, it's the community. It's the encouragement."

02
Global financial systems must flex to meet both inclusion and climate goals.

Mia Amor Mottley, the prime minister of Barbados and co-chair of the U.N. Sustainable Development Goals Advocates group, underscored the challenges facing nations like hers, simultaneously struggling to pay down debt, strengthen health care and education and build up coastal infrastructure to avoid climate migration.

Restructuring debt is imperative, particularly for small island nations being battered by both climate change and economic instability. Without that, she said, "We may save the planet but lose the people."

Mechanisms like early warning signs can reduce debt vulnerability, said V. Anantha Nageswaran, the chief economic adviser to the government of India, which held the G20 presidency in 2023. Low-income countries could also benefit from the scaling of blended finance - the combination of development finance and commercial capital for sustainable development projects, said José Viñals, group chairperson for the bank Standard Chartered.

And the relationship between donor countries and beneficiaries may need to be reconsidered. Lisa Nandy, the shadow secretary of state for international development for the U.K., called for a rebrand of what the world has traditionally termed aid: "We call it long-term economic growth … Countries around the world, particularly across the Global South, have left us in no doubt that they don't want Western partners to come in and save them. They want Western partners who come in and walk alongside them as genuine partners for the long term to help them achieve their own ambitions, not imposed on them."

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