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Union of Arab Banks issues digital economy guidelines

Tuesday, 08 04 2020, Category: Banking, Country: Middle East
International organizations released Ten Digital Economy Guidelines in alignment with the G20 Leaders’ policy directives that aim at securing sustainable economic growth. The Guidelines were adopted by the Union of Arab Banks (UAB), Union of Arab Chambers (UAC), International Network for SMEs (INSME), and the Global Coalition for Efficient Logistics (GCEL) to set the foundation for successfully implementing the Digital Economy.

The Digital Economy has been a key G20 policy directive since 2015. However, until today, no one has defined the Digital Economy, nor how it can be deployed to rebalance and grow the high, mid and low-income economies.

Following 15 years of R&D on digitizing the global economy, an international Coalition is leading a global economic development program that digitally “Jump Starts” national economies and their trade partners through a Digital Economy Platform (DEP). This Coalition involves the public sector representing 75% of the world's citizens. The Coalition will also involve the private sector comprised of the world's leading technology, e-commerce, finance, and insurance firms with USD 1.5 trillion revenues and a 4.7 million workforce.


Source: Business Wire
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