2023 Global Inclusive Growth Summit

It’s not an accident that we’re here in Logan Circle, a culturally rich and historically complicated neighborhood at the heart of the nation’s capital. Nor is it an accident that the World Bank Spring Meetings are happening nearby. Place-based solutions are key to inclusion, and Dan Porterfield, President of the Aspen Institute, and Muriel Bowser, Mayor of DC, will kick off the event by talking about why we’re right here, right now.

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What does inclusive growth mean through the lens of indigenous people? Two TED-style flash talks will establish where we are and where we’re going. The first will be from Hindou Ibrahim, President of the Association for Indigenous Women and Peoples of Chad, who will guide us through an immersive, personal presentation on the challenges currently being faced by communities in the Lake Chad region.

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The second of the flash talks will be from World Data Lab CEO Wolfgang Fengler. Using Ibrahim’s presentation as a jumping off point, Fengler will give us a glimpse of the future through the lens of data and modeling, using interactive analysis to illustrate the coming trends in migration, cities, and the climate.

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Lilly Singh knows a thing or two about the power of storytelling. With an unshakable belief that stories can guide us to a better world, Lilly has pushed the limits of possibility throughout her career – from her trailblazing start as a digital creator to the first woman of color to host a network late-night TV show in over thirty years. Through stories across film, television and advocacy, Lilly continues to break new ground, challenging entrenched gender and cultural norms to advance equity and transform the way the world sees and values women and girls. In this one-on-one, Singh and Mastercard Center for Inclusive Growth Founder and President Shamina Singh will get candid about the importance of forging your own path and creating space for others to do the same.

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Trevor Noah is known globally as a comedian, a writer, and the former host of Comedy Central’s The Daily Show. Born in South Africa under apartheid and classified as colored, he developed a passion for learning—and a strong belief that every child has the right to a quality education. This belief inspired him to create the Trevor Noah Foundation. TV presenter and Paralympian Ade Adepitan was born in Lagos, Nigeria and contracted polio as a young child. As a wheelchair user he has used his fame to create a powerful voice for inclusion. Together, Trevor and Ade will share their stories and how they have used their talents and understanding of audiences to advocate for inclusion.

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It’s not a secret that women make less money than men—in the U.S. in 2022, women earned only 82% as much as their male counterparts. When it comes to Latina women vs. non-Hispanic men, that gap widens to 54%. Aside from being exploitative, this discrepancy is bad for business. When women are undervalued, it means less talent, greater turnover and higher levels of poverty. By contrast, an economy that appreciates women’s and men’s contributions equally gains a wider range of ideas, expertise and experience. In this discussion, Trevor Noah and Melinda Gates will envision a society where everyone can both contribute and benefit.

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Technology is a force multiplier for inclusive growth. It enables access to financial services like mobile banking and digital payment systems; it also connects people to information and each other, making everything from learning to healthcare to business possible regardless of distance. This panel will tap into the expertise of top leaders in the field and explore the vast range of what’s possible.

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We are living through a time of overwhelming complexity – achieving new heights of technological and scientific innovation against a backdrop of overlapping global crises and uncertainty. How can leaders help navigate this environment by keeping trust and inclusion front and center for their organizations, their customers, stakeholders and the broader global community. Join Mastercard CEO Michael Miebach and IFC Managing Director Makhtar Diop for a discussion on leadership and transformative power of innovation, technology and trust to address the challenges before us.

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In the past several years, historic investments and commitments have been made by the federal government and the private sector to help communities recover, address inequities made worse by the pandemic, and provide more pathways to economic growth for historically underserved communities. The unprecedented size of recent capital commitments has the potential to drive real, structural changes that will outlast one-time investment. The speakers on this panel each have a specific role in helping to change capital flows, capacity to absorb and leverage investment, and make lasting improvements in community infrastructure, and change conditions for wealth and ownership for generations to come.

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Social impact and development funding are continuing to evolve, employing a full spectrum of innovative tools and approaches to get resources in the hands of the people who need it most. Think impact investing, market-based solutions, and trust-based philanthropy. This panel will explore how these models can scale and work in concert to achieve measurable impact in an ever more demanding and challenging landscape.

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It’s been nearly half a year since climate finance and the crucial role of the multilateral development banks was front and center at COP27. So where are we now? Is movement really being made, or has progress stalled? As thousands gather for the World Bank Group and IMF Spring Meetings just down the street, this panel will take stock of the state of climate finance, the role of the MDBs and the private sector and look ahead to the next major climate summit COP28.

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A financial system is only as effective as it is reliable and inclusive – trust is crucial to growth, stability and functionality. People and businesses need to feel confident that their transactions are secure; that their accounts won’t be compromised; and that their money is safe. This trust in turn helps to drive forward adoption and use of formal financial services, accelerating inclusion. With the recent turmoil in the financial sector, as well as accelerated digitization over recent years, the issue of trust has renewed relevance. It is essential that financial systems prove their dependability within and across borders, especially to those accustomed to relying on informal mechanisms outside of mainstream banking.

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Digital technology holds the potential to accelerate economic development, reduce global inequality and deliver innovative partnerships to connect communities– but only if we focus it with intention. Conversely, poorly governed and deployed, technology can exacerbate these challenges and threaten basic liberties. In this session, USAID Administrator Samantha Power and Mastercard Vice Chairman Mike Froman will discuss how the public and private sectors can work together to build a trusted digital ecosystem that supports democratic principles and fosters inclusive and sustainable economic development.

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Can businesses do well by doing good? What happens when the going gets tough? As more and more companies embrace Environmental, Social and Governance principles, “ESG” is starting to go mainstream – and attract political attention. Can we take the P out of ESG or is it here to stay? This influential and deeply experienced panel will share important perspectives on the role of social impact in busine ss, what works, what doesn’t, and where is it going.

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Almost 120 million people will have been forcibly displaced or made stateless by the end of this year according to the UNHCR. This represents not only a vast humanitarian tragedy but also a massive loss of productivity and purpose for people and communities.

But it also creates a remarkable opportunity for action and support to reconnect refugees to jobs and economies to rebuild new lives for themselves and their families.

Hamdi Ulukaya, CEO of Chobani is a business leader who has probably done more than any other to mobilize the private sector to support and reintegrate refugees. He has consistently demonstrated that profitability and humanity can go hand in hand. Joining him in conversation is Gideon Maltz, the CEO of Tent Partnership for Refugees, a nonprofit founded by Ulukaya that mobilizes businesses to improve refugee lives and livelihoods, with members ranging from Amazon to Pfizer.

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When we talk about inclusivity, what we’re really talking about is a fair and equitable world where everyone has access to the same opportunities. What would such a world look like? We know we would see lower levels of poverty and improved social cohesion. We’d see less political strife and greater economic competitiveness. Mastercard’s Shamina Singh and Aspen Institute’s Ida Rademacher will conclude the day’s sessions by looking at where we are, and setting forth a vision of what’s possible.

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