Governor Adrian Orr calls for collective action
In a speech delivered yesterday, Reserve Bank Governor Adrian Orr (pictured above) stressed the need for a system-wide approach to improving Māori access to capital.
Orr highlighted that enabling better access to capital for Māori is essential to unlocking their full economic potential and fostering greater participation in investment opportunities.
Financial system must be more inclusive
Orr pointed out that Māori are projected to comprise 20% of New Zealand's labour force by 2040, underscoring the importance of an inclusive financial system.
“Improving Māori access to capital is a powerful enabler we all need to collectively prioritise,” he said.
Progress made, but more effort needed
While progress has been made through collaboration between iwi, private sectors, and Te Pūtea Matua, Orr acknowledged that further work is necessary.
“Despite the great work that is already happening in this space, there are signs that more effort is needed,” he said.
Equity funding to unlock opportunities
Orr expressed optimism that future equity funding will provide Māori with better access to capital, ultimately benefiting all of New Zealand.
“My hope is that equity funding does more to improve Māori access to capital and unlock investment opportunities and choices to provide real benefits to all of Aotearoa,” he said.
Read the RBNZ media release and Orr’s speech, “Improving Māori Access to Capital", for more information.
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