6 December 2018

Kenya: CBK Governor Appointed to UN Digital Financing Task Force

Nairobi — Central Bank of Kenya Governor Patrick Njoroge has been appointed to the task force on Digital Financing of the Sustainable Development Goals (SDGs) by the United Nations Secretary-General António Guterres.

The task force launched last month by Secretary-General Guterres, will recommend strategies to harness the potential of digital finance and financial technology to advance the SDGs.

Guterres says technology has helped expand financial inclusion - itself an important goal - by 1.2 billion people in just six years.

"But we have only just begun to tap the potential of digital finance and investment to meet the broader agenda set forth in the Sustainable Development Goals and the Paris Agreement on climate change," he said.

In accepting the appointment, Njoroge said the invitation is an important recognition of Kenya's success in digital finance and financial inclusion, with lessons that have been useful for other countries.

"Digitalization of finance has great potential in facilitating achievement of the SDGs," he noted.

Kenya

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