Te Pūtea Matua Becomes Inaugural Member Of New, International Central Bank Network For Indigenous Inclusion

Credit: Original article can be found here

Along with Indigenous partners, Te Pūtea Matua (Reserve
Bank of New Zealand), the Bank of Canada and the Reserve
Bank of Australia have formed a voluntary network to foster
ongoing dialogue and raise awareness of Indigenous economic
and financial issues.

The Central Bank Network for
Indigenous Inclusion, established Jan. 1, 2021, aims to
share knowledge and best practices, promote engagement with
Indigenous Peoples, and foster greater understanding and
education about Indigenous economic issues and
histories.

The network will focus
on:

  • Conducting research for and with Indigenous
    Peoples on economic issues, including the development of
    best practices, such as using Indigenous data
    respectfully.
  • Building cultural awareness,
    recruitment practices and other aspects of corporate culture
    to foster Indigenous inclusion within member
    organizations.
  • Strengthening engagement practices
    with Indigenous groups and communities.
  • Supporting
    economic and financial education for and about Indigenous
    Peoples.

In addition, the network will plan a
recurring Central Bank Symposium on Indigenous Economics.
The first symposium will be hosted by the Bank of Canada in
late 2021.

In formative discussions, Indigenous
partners drew on their oral histories and contemporary
economic experience to guide discussion and confirmation of
the network’s aims. This discussion sought the views of
Indigenous partners including Te Rau Kupenga, representative
of the Reserve Bank of New Zealand’s Te Ao Māori external
advisory panel; and Manny Jules, chief commissioner, First
Nations Tax Commission and Founder of the Tulo Centre of
Indigenous Economics.

The Central Bank Network for
Indigenous Inclusion will serve as a community of practice
and will not aim to set or take policy positions. The
founding members encourage other central banking entities
around the world to join. The chair of the Network will
rotate annually, with the Reserve Bank of New Zealand
serving as chair in 2021.

“It is our honour and
privilege to accept the nomination as inaugural chair to the
network. Te Pūtea Matua will be a strong advocate for
indigenous economic issues here in Aotearoa (New Zealand)
and aim to role-model good leadership internationally. We
look forward to working with our peers to make
transformative change within the central banking
community,” said Reserve Bank of New Zealand Governor,
Adrian Orr.

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