Evan Harvey, Nasdaq: Stock Exchanges – An Engine for Sustainable Development

The modern stock exchange is a hybrid institution: listing venue, market steward, investment and regulatory liaison, product and service creator, and so on. To further complicate matters, many stock exchanges are now public companies themselves, listed on their own markets

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Kristalina Georgieva, CEO of the World Bank: Empowering Communities

Worldwide, around 500 million people live in “fragile situations,” mostly caused by armed conflict. Climate change threatens to add another hundred million or so people to that tally by 2030 – just thirteen years from now. And of the 800

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Kenneth Rogoff: Trump’s 3% Growth for the 1%

US President Donald Trump has boasted that his policies will produce sustained 3-4% growth for many years to come. His prediction flies in the face of the judgment of many professional forecasters, including those on Wall Street and at the

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Otaviano Canuto, World Bank: The Metamorphosis of Financial Globalisation

After a strong rising tide starting in the 1990s, financial globalisation seems to have reached a plateau since the global financial crisis. However, that apparent stability has taken place along a deep reshaping of cross-border financial flows, featuring de-banking and

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Jordan: The Sky Is the Limit

The hub for flag carrier Royal Jordanian Airlines, Queen Alia International Airport (QAIA), just south of Amman repeatedly takes top honours for convenience, efficiency, and overall traveller satisfaction. In a region known for its luxurious aviation hubs, the relatively compact

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Robert J Shiller: Understanding Today’s Stagnation

Ever since the Great Recession of 2007-2009, the world’s major central banks have kept short-term interest rates at near-zero levels. In the United States, even after the Federal Reserve’s recent increases, short-term rates remain below 1%, and long-term interest rates

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Hans Peter Lankes, IFC: IFC’s Development Impact, One Market at a Time

Having worked in the international financial institutions for much of my career, I’m a big believer in the power that development institutions have in building a bridge between the government and the private sector. That philosophy underpins the International Finance

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Joseph S Nye: Xi Jinping’s Marco Polo Strategy

Last month, Chinese President Xi Jinping presided over a heavily orchestrated Belt and Road forum in Beijing. The two-day event attracted 29 heads of state, including Russia’s Vladimir Putin, and 1,200 delegates from over 100 countries. Xi called China’s Belt

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Otaviano Canuto, World Bank: Matchmaking Finance and Infrastructure

The world economy – and emerging market and developing economies in particular – display a gap between their infrastructure needs and the available finance. On the one hand, infrastructure investment has fallen far short from of what would be required

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Philippe Le Houérou, CEO of IFC: Redefining Development Finance

Complementing – and driving – World Bank President Jim Kim’s vision to transform the multilateral financier into an “honest broker” charged with mobilising and directing private capital towards developing countries, CEO Philippe Le Houérou of the International Finance Corporation (IFC,

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