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MasterCard Joins World Leaders to Discuss the Future of Financing for Development

The year 2015 is of great importance as the international community in partnership with the private sector and civil society moves from the Millennium Development Goals (MGDs) adopted in 2000 to a new set of Sustainable Development Goals (SDGs) designed to create the conditions in which everyone benefits from the massive advances in technology.

MasterCard is joining world leaders from the public, private and philanthropic sectors at the Financing for Development Conference in Addis Ababa, Ethiopia this week to speak on several public panels and discuss crucial next steps for financing the SDGs in advance of the United Nations summit later this year.

The Sustainable Development Goals represent the world’s collective best effort to identify and articulate the most critical problems. However, it is clear that the status quo won’t get us there, and existing public funding alone isn’t going to achieve the SDGs.

MasterCard is committed to financing 2015-07-14-paradisdevelopment in a new way – refining an approach with our development partners to use our technology expertise to direct, target and multiply development dollars in a way that increases measurable impact. Specifically,

  • MasterCard signed a Memorandum of Understanding (MoU) with the Canadian government to cooperate on development initiatives around maternal, newborn and child health; blended finance; and establishing a relationship for ongoing discussion and knowledge sharing.
  • In partnership with DataKind, MasterCard made a commitment to organize data scientists, partner with public sector leaders to develop responsible protocols around data collection and usage, and provide the technical horsepower to analyse, interpret and translate data into concrete development solutions.  Read the press release here.
  • A new platform, Convergence, was announced that will help public, private and philanthropic investors approach partnerships in an entirely different way. Read the press release here.
  • The world has changed since the Millennium Development Goals were adopted in 2000. Check out this infographic exploring the world then and now.
  • The MasterCard Center for Inclusive Growth compiled a helpful post on five twitter feeds to follow and articles to read in advance of #FFD3.

MasterCard has also helped make the financial system more accessible to more than 150 million people previously excluded through 500 programs in more than 50 countries. And we’ve publicly committed to reaching 500 million people previously excluded from the financial system by 2020. Take a look at the digital press kit here.

During the week, MasterCard was engaged in the following public events:

  • Monday, July 13
  • Tuesday, July 14
    • Walt spoke on Expanding the Frontier, as well as at the International Business Forum on the “Market Innovation” panel and during the Closing Plenary
    • Tara Nathan, Executive Director, International Development at MasterCard participated on a panel hosted by UN Women and the World Bank on “Financing for Gender Equality: Results & Good Practices”
  • Wednesday, July 15
    • Walt shared a new commitment on data philanthropy at “Harnessing the Data Revolution for Sustainable Development
    • Tara spoke at a session organized by the UN Foundation and BNY Melon on “The Business Case for Sustainable Development: A View from the Financial Services Sector”

Follow the discussion on #FFD3 and #Action2015, and via our Twitter handles @MasterCardNews, @MasterCardMEA and @CNTR4growth.