Dr Oh wrote about financial empowerment and innovative access to finance for the leaders of the G7 member states.
Dr Eun Young (EY) Oh, Senior Lecturer in Economics and Finance, has written a policy brief that was presented at the international G7 (Group of Seven) Summit in Japan last week (19-21 May).
The G7 Summit is an international forum held annually for the leaders of the G7 member states of France, the United States, the United Kingdom, Germany, Japan, Italy, and Canada (in order of rotating presidency), and the European Union (EU).
In the policy brief, ‘The Global South Growing out of Poverty, Inequality, and Exclusiveness - What the G7 Needs to Do’, Dr Oh wrote about financial empowerment and innovative access to finance for Think7 (T7); the G7 official think tank engagement group. The T7 group promotes research-based solutions to unfolding global challenges during Japan’s 2023 G7 presidency and beyond.
We proposed key actions for the G7 to foster financial inclusion to reduce poverty and inequality. These include the formation of a fintech task force, forging strategic partnerships, investing in technology infrastructure, prioritising regulatory cooperation, and funding comprehensive financial education. Together, we can unlock opportunities and tackle poverty and inequality.
The brief explored innovative means of access to finance and financial empowerment. Dr Oh said: “We proposed key actions for the G7 to foster financial inclusion to reduce poverty and inequality.
“These actions include the formation of a fintech task force, forging strategic partnerships, investing in technology infrastructure, prioritising regulatory cooperation, and funding comprehensive financial education. Together, we can unlock opportunities and tackle poverty and inequality.”
Dr Oh’s briefing was also spotlighted during the 2023 T7 Summit in Tokyo in April, and it will continue to spotlight during T7 Japan-related events and joint T7 Japan-Think 20 (T20) India 2023 events.
Dr Oh was recently awarded a Bank for International Settlements (BIS) research fellowship She will be invited to the BIS's Monetary and Economic Department for short periods at their headquarters in Switzerland.
Dr Oh added: “This is quite exciting as I can gain some insight into the policy making environment of the BIS and conduct joint research.”