##hakakapinga ( conclusion ) ma te rongo ka mohio, ma te mohio ka marama, ma te marama ka matau, ma te matau ka ora. ( through information comes awareness, through awareness comes understanding, through understanding comes knowledge, and through knowledge comes life and wellbeing ) no reira tena koutou, tena koutou, tena tatou katoa. ( greetings to you all. thank you. ) ref # x567560 v1. 17 in confidence embargoed until 11. 00pm 13 june glossary te ao maori ( the maori world ) kaitiaki ( guardians ) tangata maori ( indigenous people ) matangirua ki matangireia – working in unison, to fulfil our ultimate purpose wananga - innovation tauira - integrity taura – inclusion toitu te ohanga, toitu te oranga - enabling economic wellbeing and prosperity for all new zealanders tane mahuta – maori legend used to explain the interconnected parts of the financial system and rbnz ’ s role as guardian of new zealand ’ s financial system te reo me nga tikanga – language and culture whanaungatanga – advocacy building kaitiakitanga – policy impact tikanga – cultural custom haumi – ally, in alliance, to join te reo maori – the maori language whare - traditional houses ropu – group tena koutou katoa - greetings to you all aotearoa - new zealand whenua - land iwi - tribe putea - wealth kaitiakitanga - guardianship te putea matua – reserve bank of new zealand kaitiaki - steward tena koutou, tena koutou, tena tatou katoa - greetings, greetings, greetings to us all tihei mauri ora! – behold the breath of life! more information improved access to capital for maori ( information on the current status and progress of the maori access to capital work programme ). te ohanga maori – the maori economy 2018 ( this report on the maori economy was produced by berl in 2020. it expands on their 2013 report, providing a rich description of the many roles maori play in the economy of aotearoa new zealand. the journey of te putea matua : our tane mahuta kaitiakitanga : te ao maori

maori, who make up 17 % of our population, earn less than 9 % of our nation ’ s income. with lower incomes comes lower saving rates and hence financial wealth. maori have also been over - represented in lower - wage employment, and experienced persistently higher unemployment than the general population. these outcomes are generations in the making. however, maori are significantly contributing to new zealand ’ s economic and cultural wellbeing, with this contribution on the rise. we are witnessing a renaissance of sorts. _ _ _ _ _ _ _ _ _ _ _ _ berl ( 2020 ) te ohanga maori 2018 ref # x567560 v1. 17 in confidence embargoed until 11. 00pm 13 june the maori economy is growing, becoming more diverse, and is increasingly recognised as an area of opportunity, in particular by reinvigorating long held connections to environmental sustainability and social cohesion. aotearoa is slowly embracing the richness our diverse cultures bring. this is why we, as new zealand ’ s central bank, talk about these issues. our legislative task is to enable economic wellbeing and prosperity for all new zealanders : toitu te ohanga, toitu te oranga. focusing on the long game i might have sounded a little gloomy so far – i do not apologise for that because to move forward we must understand and acknowledge our past and present. our challenges aren ’ t unique. i also want to acknowledge your own challenges, and those of the indigenous people of your countries. our vision at te putea matua we are actively looking to harness the knowledge of both our post - colonial society and te ao maori to establish and maintain a long - term vision in all we do. an important start for our work is to honour te tiriti o waitangi - the treaty of waitangi - in the english and reo maori versions. we aim to reflect the treaty principles of partnership, protection, and participation within the core tenants of our strategy. we seek to implement our legislated purpose through the concept of matangirua ki matangireia – working in unison, to fulfil our ultimate purpose. at te putea matua, we strive to be a great team working to be the best central bank we can. this implies working together so as to be fit for purpose, cost effective, and risk aware. ref # x567560 v1. 17 in confidence em