CIGI President Rohinton P. Medhora joined International Monetary Fund Managing Director Kristalina Georgieva and others for an audience with Pope Francis to discuss data innovation and multilateralism. Academic luminaries, including economists Joseph E. Stiglitz and Jeffrey Sachs, along with CIGI Senior Fellow and Argentina’s Minister of Economy Martín Guzmán, participated at the Pontifical Academy of Social Sciences event in February.
Medhora stressed that the global system has been “sclerotic” but does eventually respond and is, moreover, needed to ensure that data and data infrastructure are part of preserving an open society and a healthy infrastructure. “We need a broad moral and pragmatic statement that will guide us all in how technology is created and how technology is used,” Medhora suggested, referring as well to the need for a multilateral Digital Stability Board.