Here’s your royal daily video news wrap-up for Tuesday, May 24, 2022.
On the afternoon of May 24, 2022, Her Royal Highness Crown Princess Mary of Denmark attended the launch of the UNFPA State of World Population report 2022 held inside the Maersk Tower at the University of Copenhagen. The crown princess is Patron of the UNFPA.
According to the Danish royal court, this year’s State of World Population Report focused on:
“…the fact that almost half of all pregnancies are unplanned, which has serious consequences for society, women and girls, for global health and for the possibility of achieving world goals.
Subsequently, the Crown Princess attended a panel discussion in which the participants discussed solutions to the fact that globally there are more than 250 million women who want to avoid pregnancy but are not protected by effective contraception.
The Crown Princess has been a patron of UNFPA for 12 years. Over the years, Her Royal Highness has had a special focus on the organization’s key focus areas, which is to work for a world where every pregnancy is desired, where every birth is safe, and where all young people are given the opportunity to reach their full potential.“
Photos courtesy of the Danish royal court
On Tuesday, May 24, 2022, His Royal Highness Crown Prince Frederik of Denmark attended the 2022 Brain Prize Award Ceremony held at the Villa Copenhagen.
The Brain Prize is an international brain research prize awarded annually by the Lundbeck Foundation to one or more researchers who have distinguished themselves by an extraordinary contribution to European brain research. The award is worth 10 million DKK (1.3 Euros).
After the ceremony, Crown Prince Frederik attended a gala dinner in honor of the winners of the Brain Prize.
Photos courtesy of the Danish royal court
On Tuesday, May 24, 2022, His Royal Highness The Duke of Cambridge, as President of The Royal Marsden NHS Foundation Trust, visited the Royal Marsden Hospital in London.
The purpose of today’s visit was to learn more about the innovative work that is currently “…being carried out to improve cancer diagnosis and treatment.”
On Tuesday, May 24, 2022, His Royal Highness The Prince of Wales, as Great Master of the Honourable Order of the Bath, attended the Order of the Bath Service for the installation of Knights Grand Cross of the Order held at Westminster Abbey in London.
On Tuesday, May 24, 2022, Her Majesty Queen Maxima of the Netherlands participated in the panel discussion entitled, Financial Inclusion: Addressing the Largest Gaps, at the World Economic Forum in Davos, Switzerland. Her Majesty took part in the panel discussion in her capacity as the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA). Other speakers included Mr. Faisal Islam, Mr. Andre Soelistyo, Mr. François Villeroy de Galhau, Mr. Adeeb Ahamed, Ms. Karabo Morule, and Ms. Gelsomina Vigliotti.
The theme, Financial Inclusion: Addressing the Largest Gaps, focused on the:
“…extensive progress that has been made in advancing global financial inclusion in recent years, with the increased rollout of digital financial services during the pandemic proving an additional tailwind in many regions. Nevertheless, certain populations are still being left behind.
Where is action most needed to deliver full financial inclusion and what innovations can address this ongoing challenge?”
During today’s discussion, Her Majesty gave a brief speech. Here is what she had to say:
“Ladies and Gentlemen,
We have come together at a defining moment. As we emerge from a global pandemic that has kept us apart for two years, we are seeing that it has also spawned an unprecedented number of digital connections.
When COVID-19 hit, governments rushed to provide financial relief to citizens, often through digital channels. At the same time, social distancing forced people to find alternatives to cash and face-to-face shopping.
Mobile money usage skyrocketed. In Latin America alone, 50 million adults began using digital merchant payments.
The latest data will arrive this summer when the new Global Findex is released, but we already know that over 1.2 billion adults have gained access to financial services in the last decade. We are expecting that to grow by many millions more.
If we have learned one thing about financial inclusion, it is that better access, new users, and higher transaction numbers is simply not enough.
Over the past year, I have advocated for enhancing the resilience of underserved groups in the face of economic shocks, so they are better able to seize economic opportunities.
MSMEs have been hard-hit by COVID-19, especially informal ones and those owned by women. For these enterprises, going from pen and paper to digital is one of the keys to financial recovery and resilience.
At the G20 Leaders’ Summit in Rome last year, I urged governments to accelerate digital solutions for MSMEs around the world.
Going digital can open new markets and make businesses more efficient. A digital ecosystem can help small businesses better manage their inventory, marketing, payments, credit, and sales.
It can also help MSMEs gain access to financial services — for example, their data footprint can be used by financial institutions to provide financing more quickly and at better rates.
Another very important issue is once a population is financial included, does it lead to better financial lives? Are they financially healthy?
Good financial health means being more resilient to financial setbacks and better equipped to seize opportunities. A financially healthy population can recover faster on their own and relieve pressure on government safety nets.
This is a responsibility that concerns us all. Financial health should be a common goal of governments, regulators, the private sector, the financial sector, and NGOs.
For financial services providers in the room: you will likely discover that investing in your customers’ financial health will mean they can pay their loans on time, purchase other products and services, and cost less to serve. There is a strong business case.
Having better information and insights on customers can also help you design products that influence financial behaviors for the better. Savings products that nudge people to achieve their goals are a great example.
As we continue to close the financial inclusion gap, I encourage you to apply a financial health perspective to your efforts. This will enable us to achieve the purpose of financial inclusion and create more resilient economies.
Thank you, and I wish you a fruitful discussion.”
On Tuesday, May 24, 2022, Her Majesty Queen Margrethe II of Denmark received a copy of the rare six-volume medieval manuscript, Flatøybok, at Christian IX’s Palace at Amalienborg in Copenhagen. Her Majesty’s copy, which she received from Mr. Bård Titlestad, was translated from Old Norse to modern Norwegian.
According to the Danish royal court, legendary Viking kings such as Harald Hårfager, Olav the Holy, and Sverre Sigurdsson are among the Norwegian figures written about in the 1387 Icelandic manuscript known as Flateyjarbók or Flatøybok. The work had not previously been available to a wider audience, as the only translation was in Old Norse. But, an international team has over a number of years translated the work into modern Norwegian.
In 2015, Her Majesty Queen Margrethe II wrote the preface, “…to the first volume, just as His Majesty King Harald V of Norway and Iceland’s former President, Mr. Ólafur Ragnar Grímsson, who also contributed shorter texts.”
Prior to 1971, the original six-volume Flatøybok manuscript was held at the Royal Library in Copenhagen since 1656. Today, the manuscript can be found at the Árni Magnússon Institute for Icelandic Studies in Reykjavík, Iceland.
Flatøybok six-volume manuscript along with other Icelandic Sagas are inscribed on the UNESCO World Heritage List.