Building Resilience: A FinBiz2030 Podcast

Recover Refocus Rebuild - Prakash Koirala

August 02, 2022 Chartered Accountants Worldwide
Recover Refocus Rebuild - Prakash Koirala
Building Resilience: A FinBiz2030 Podcast
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Building Resilience: A FinBiz2030 Podcast
Recover Refocus Rebuild - Prakash Koirala
Aug 02, 2022
Chartered Accountants Worldwide

This podcast is taken from the FinBiz2030 Recover Refocus Rebuild webinar hosted by Badai Yuda Pratama. 

The guest speaker is Prakash Koirala,  Founder, FINLIT Nepal, One Young World Ambassador

In 2017 Koirala set up Finlit Nepal to teach basic personal finance to low-income and vulnerable communities, helping to reduce poverty. Finlit Nepal works with governments, companies and neighbourhood groups to develop programs and policies to boost financial literacy and inclusion in the country’s financial system.

Koirala has been working in this space since 2009 and has won several awards and scholarships for his work including a fellowship from Harvard Kennedy School in 2017. He is a Western Union and One Young World Ambassador.

Show Notes Transcript

This podcast is taken from the FinBiz2030 Recover Refocus Rebuild webinar hosted by Badai Yuda Pratama. 

The guest speaker is Prakash Koirala,  Founder, FINLIT Nepal, One Young World Ambassador

In 2017 Koirala set up Finlit Nepal to teach basic personal finance to low-income and vulnerable communities, helping to reduce poverty. Finlit Nepal works with governments, companies and neighbourhood groups to develop programs and policies to boost financial literacy and inclusion in the country’s financial system.

Koirala has been working in this space since 2009 and has won several awards and scholarships for his work including a fellowship from Harvard Kennedy School in 2017. He is a Western Union and One Young World Ambassador.

 

Recover Refocus Rebuild pt 3


SUMMARY KEYWORDS

governments, financial institutions, financial, accountant, country, prakash, economy, policies, financial system, macroeconomic stability, work, develop, human capital, small medium enterprises, recover, economic, role, environment, promote, accelerate

 

00:01

Hello, and welcome to the fin biz 2030 building resilience podcast series. This podcast features highlights from the recover, refocus rebuild webinar, hosted by Buckeye Yuda. In this episode we hear from Prakash Koirala found founder of Finley.

 

00:22

Finally, I would like to introduce you with Prakash Kerala, a fellow One Young World ambassador and a founder of affiliate Nepal, an organisation that works with governments, companies and neighbourhood groups to develop programmes and policies to boost financial literacy and inclusion in the country's financial system. Over to you protest.

 

00:45

Thank you so much. Good evening. Good morning, good afternoon, whatever. I'm speaking from Canada, so it's only early morning here. So I'm very pleased to be here today with the distinguished panellists to share some of my thoughts on how we can make a better community. Thank you running wild. Thank you, Tara, accountant or widen Thank you, III. So I am a firm believer that because of this pandemic, we are encouraged to reflect on strategies that can promote sustainable long term solutions for the future. So this is leading us to a future where the economic and financial environment would be fundamentally different. That could be like value based or kindness, inclusive society, or financial resoling young generation, or maybe digital economy or are very much accountable and transparent government services. So first things first, fundamental factor for any country to achieve significant progress after crisis relies on the quality of human capital and entrepreneurs. So going forward, I think countries should strive to align their COVID-19 responses to longer term human capital objectives. So government, maybe a civil societies or financial institutions, because I work with them. And then the private sector must join forces to deploy such kind of NDCs and evidence driven investment to help equip every person's towards their potential. I'm not saying this. So this is not my this is not only my saying, but wallbang is saying that. So this is the RS in need of excellence that we everybody has to follow. And the second, SMEs, small and medium enterprises, and entrepreneurs are crucial for addressing new paths to more sustainable and inclusive growth, thanks to their role in developing and diffusing innovations and providing employment. However, they can only fulfil this role. If they obtain the finance necessary to start and grow their business. They can only do if we, as a salary accountant, provide good guidance, past advisory to the advisor advice to them. And banking and financial institution has the power to accelerate it says I'm doing now we are in the finance field, we can educate people and we can raise a voice and we can connect the barriers between public and between financial institutions so that they can help each other. So the key to is setting the world is entrepreneurship is I want to read that again. So governments should take whatever means necessary to foster environments, conducive to startups. And that's why any country can. That way any can any country can is started recovering by building a creative economy. So I want to make it loud and clear creative economy is, is a marketplace that harness the creative ideas of individuals and marries them with the green technology. I'm saying again, it it's not the technology, it's a green technology. So I believe that build back better start from the small medium enterprises as well. And third, we must be very aware of the need to answer that is we are bouncing back, you must also bring the economy, our economic decisions and activities or maybe our funds like decisions and financial activities, maybe this should be focused on the impact they have on the environment. So we must envision better and more efficient use of green technology that will have 20 impacts of accelerating our economic progress while addressing pressing environmental issues and support to cope 26 ball as well. So restoring financially healthy growth, while ensuring that gains are broadly shared, required determined and systematic actions across a broad range of policy areas. So I want to highlight some of them here. So successful reform measures are some common characteristics. And one of that is governments should gather public support for refunds. So lawmakers should clearly inform citizens about it. And the participations and the recommendation from non parties and third parties promote value structure and least bias policies. So this is I believe this is the only way to fight against recover, rebuild and restructure kind of stuff. So I came to know that There are so many targets accountants and aspiring subject audiences. They are here today. So we have the opportunity to contribute to the development of the financial system and to the financial macroeconomic stability. So as global economy is heading towards recovery, it is crucial for us to embrace reform towards more responsible and meaningful financial activities. So, we are together let's do our back and back to USA.

 

05:28

Thank you for cost