• UGI USER
  • Dec 27, 2023
  • 28 Likes
  • 0 Comments

PASSING OF THE G20 BATON

Focus:

  • India handed over the G20 presidency to Brazil in 2024, marking Brazil’s first leadership of this influential group focusing on economic cooperation among major economies.
  • Brazil’s G20 presidency presents an opportunity to lay the groundwork for global digital innovation in Digital Public Infrastructure (DPI).
Source: Boundaryless

Challenges in DPI Implementation:

  • Challenges related to DPI, including regulatory safeguards, privacy measures, and cybersecurity.
  • Streamlining DPI development, avoiding redundancy and optimizing resources across different sectors.

G20’s Role in DPI Development:

Guidance:

  • Develop international DPI design principles for inclusivity, interoperability, cybersecurity, and privacy.
  • Collaborate with stakeholders like the UN, IMF, and World Bank to establish clear guidelines.

Technology Sharing:

  • Encourage countries with successful DPI implementations to share expertise.
  • Support open-source code libraries like MOSIP, Mojaloop, and the Global DPI Repository.

Financing:

  • Set a target, inspired by the “50-in-5” campaign, to help 50 more countries build high-quality DPI in the next five years.
  • Mobilize funding through initiatives such as the Gates Foundation’s call for a $500 million investment worldwide.

The proven solution lies in Digital Public Infrastructure (DPI), exemplified by India’s success with the “India Stack.”