 First, I would like to introduce Her Majesty Magsyma of the Netherlands, her capacity as the UNSG Special Advocate for Inclusive Finance for Development to speak. Good afternoon. Secretary General, esteemed heads of state and heads of government of ASEAN countries, Ms Kwakwa from the World Bank Group, and all the inspiring women leaders in this region. Thank you for the opportunity to participate in this first ASEAN Women Leaders Summit. It is really an honour to be here. Women are bearing the brunt of the economic shocks emanating from the COVID-19 crisis. Many data suggest that women are twice as likely to lose their jobs as a result. Meanwhile, female leaders in these are 6% more likely to close compared to the male counterparts. Additionally, women comprise the majority of the informal sector in Myanmar, Laos, Cambodia, the Philippines, and Indonesia. And informal firms tend to be smaller, with limited savings and capital baffles, and are thus less equipped to deal with economic contraction. There are also 5 million women economic migrants in the ASEAN region. In many instances, their jobs are not subject to labour law or social protection. Overall, the crisis has put a spotlight on the existing gender inequalities and need for women economic participation. It has made the call for a gender-deliberate response much more urgent. Governments across the region are using digital payments as a critical tool to support crisis response, particularly in the disbursement of social assistance. In most ASEAN countries, where less than 50% of the population owns an account in a formal financial institution, these digital payments provide a very important entry point into the formal financial system. Yet, apart from merely providing emergency payments through accounts, this provides the opportunity to access a range of other value-adding financial services. These include issue responsible credit, among others, that can provide and improve social economic well-being. Saving products are particularly important for women, allowing them to invest their families and to weather financial shocks. There are promising examples of how these emergency social assistance programmes can be focused on supporting female beneficiaries. For example, in Indonesia, the program Kalwarga Harapan, or PKH, has killed up digital payments to support emergency consumption among vulnerable households. PKH increased the frequency and amount of digital disbursements into bank accounts and expanded the programs by 800,000 people. The ASEAN region has also demonstrated leadership in developing and using digital and financial technology to help small businesses manage ongoing economic downturn. For example, Graap, a super app with operations across Southeast Asia, has assisted over 100,000 small entrepreneurs digitised through sales and payment platforms, including for food merchants previously unconnected from e-commerce. This development is critical because it's estimated that SMEs comprise over 95% of all businesses and 50% of total employment in the region. Graap, through a partnership with the IFC, has recently released a roadmap for improved safety and product modification with a focus on encouraging women entrepreneurs and platform users. Responsibly scaling e-commerce solutions for SMEs has proved critical for survival during this pandemic. Our preliminary study suggests that women are overrepresented in informal online commerce in key markets in Asia. A robust ecosystem of digital financial services, along with user-friendly platforms, can help women entrepreneurs better participate in and benefit from these new digital marketplaces. Public support programmes could include specific measures to ensure women-led businesses have the network and capabilities to take advantage of digital opportunities. This could be a powerful use case for digital financial services among women. The crisis has thus underscored the importance of an appropriate enabling environment to support the growth of digital financial services as a key component of response and long-term recovery strategy. What does this mean for policy makers in the room today? First, it means advancing on regulatory frameworks supportive of digital financial services. This includes ensuring a level playing field for banks and non-bank actors to responsibly provide payments and other financial services, simplified customer onboarding and rules on use of agents. Second, improving digital payment infrastructure such as payment systems interoperability and ensuring all government-to-person payments are digitised. Third, ensuring that women are not deprived of the participation in the digital economy through equal access to this infrastructure, particularly through IDs, mobile devices and connectivity. Fourth, building regulatory capacity to assess the evolution of innovative financial services. And fifth, fitting digital literacy as much financial consumer protection for the digital age in order to ensure that digital divides are not exacerbated. The ASEAN community and the recently approved plan of action between ASEAN and the U.S. to 2025 offers an important platform to support women's economic environment as a key element of COVID-19 response. Now is the time to build on many good existing ASEAN initiatives, including the ASEAN working committee of financial inclusion. We need to accelerate smart policies, invest and market incentives to drive women's financial inclusion throughout the region. As the U.S. Secretary General's special advocate for inclusive finance for development, I look forward to deepening my engagement with ASEAN member states. My partners are and I stand ready to provide support for advanced needed reforms in addition to sharing and exchanging international best practices. I thank you very much and I wish you all success. Well, thank you, Justi. We all know that in her capacity as the UNSG's special advocate for inclusive finance for development, she's the leading global voice on advancing universal access to and the responsible usage of affordable, effective and safe financial services. She also raises awareness and courage leaders to take action to expand financial inclusion at global and country level. I thank Queen Maxima for her insightful speech on increasingly important role of women in the world's future development. I share many of your views, including the economic empowerment of women based on financial inclusion, digital platforms and e-commerce.