"We must redesign the financial system to guarantee that wealth is shared by all." Dr. Yunus during the Global South Summit's Third Voice
Nobody's financial situation should ever be a barrier. It ought to be created with business and creativity in mind. It is possible to support the establishment of social business banks to address issues like unemployment and poverty," he stated.
The financial system of Bangladesh needs to be redesigned in a way that makes sure wealth is shared by all, said the Interim government's Chief Adviser Dr Muhammad Yunus, today (17 August).
"My life-long experience has been that our financial system is created to promote wealth concentration. We have to redesign our financial system to make sure wealth is shared by all," he said while virtually attending the third Voice of the Global South summit.
"It should not be a one-way path for wealth. We must ensure financial services for all people, particularly women and youth. We can learn from each other how this can be done successfully," he added.
"Many countries have taken a lead in this matter. We need to do more. Finance should never be a wall for anybody. It should be designed to unleash entrepreneurship and creativity. Social business banks can be encouraged to be created for solving problems such as poverty and unemployment," he added.
