One of the many challenges stemming from COVID-19, particularly in the context of the world's least developed countries, relates to the deployment of capital. Fast tracking of payments and capital will be essential to the goal of supporting LDCs in the context of COVID-19, from providing financial support to vulnerable populations, to disbursing grants to SMEs, to sending payments to healthcare workers who are on the frontlines. As with the current virus, digital payments were essential in the context of two other significant challenges: the Nepal Earthquake and the Ebola virus. So what are the lessons we can take from those experiences that are applicable with COVID-19?
We invited UNCDF's Jaspreet Singh and Ali Akram, both of whom have experience with respect to digital payments during the Nepal Earthquake and Ebola virus, to share their views on the Capital Musings podcast. This interview also offers a preview of a webinar that UNCDF will be conducting on April 20th on fast track digital payments in response to COVID-19 and beyond.