We are seeking feedback on our issues paper Improving Māori Access to Capital.
The issues paper outlines some of the factors that may act as barriers between Māori and specific forms of capital in the financial system, and identifies potential pathways.
Our purpose is to promote the prosperity and well-being of New Zealanders and contribute to a sustainable and productive economy.
The aim is to raise the productive potential of the economy, and to encourage the allocation of financial resources in a way that maximises sustainable long-term economic growth.
A multi-agency steering group has been overseeing this work which was co-sponsored by The Treasury Te Tai Ōhanga Secretary Dr Caralee McLiesh alongside the Reserve Bank. Contributing agencies included Te Puni Kōkiri and the Ministry for Business, Innovation and Employment (MBIE), the Ministry for Primary Industries (MPI), New Zealand Trade and Enterprise (NZTE), Te Tumu Paeroa, the Ministry of Foreign Affairs and Trade (MFAT) and the Ministry of Housing and Urban Development.
We also acknowledge and thank the many individuals, businesses, firms, banks and other lending institutions who have taken the time to provide their rich insights and experiences to inform this work.
The Reserve Bank aimed to use its position at the heart of the financial system to draw together the research and insights on hand to create potential solutions.
We now want to work alongside the private sector, iwi Māori, business and communities and a broad range of government organisations, to feed into this work and explore the best options to improve access to capital for Māori. When we can do that, Māori business will thrive, helping to promote the prosperity and well-being of New Zealanders.
A six-week consultation period on the issues paper will start on 9 August 2022.
How to make a submission
Feedback is invited and can be provided via email. Please submit your feedback by 5pm on 20 September 2022 to [email protected].
We will also host a series of online webinars in August and September, where participants can ask our RBNZ hosts questions and provide verbal feedback. If you are interested in attending, email [email protected] and we will be in touch. We will also share webinar information on our website and across our social channels.