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World Bank: Tackling Development Crisis Through Financial Innovation
The World Bank uncovers fresh avenues to increase financing capacity. Global development faces multiple crises: Growing debt burdens, inflation, and the rising cost of finance have made the economic path rockier. These challenges, together with the escalating climate emergency, have
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AI: Lies, Surprises, and a Risk of our Own Extinction — With Some Interesting Attributes
The bots are here: ‘It’s as if aliens had landed, and nobody noticed because they are fluent in English…’ ChatGPT suffers from hallucinations, with hints of sociopathy. If stumped, the much-hyped chatbot will brazenly resort to lying and spit out
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Turning Passion into a Driving Force is a Sure Route to Business Success
APIP-Guinée MD Diana Kouyaté, mother, entrepreneur, and Guinean patriot, swears by her homeland’s rich potential. Diana Kouyaté has an innate love for her native country, the West African nation of Guinea. She grew up in the seaside capital of Conakry,
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Global Warning: Asia is Critical to Addressing Climate Change
Asia emits about half of the world’s global greenhouse gas emissions and that figure is set to increase if the right policies are not put in place. Asia’s future will be heavily shaped by climate change. The region has special vulnerabilities,
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Championing CBDCs — Who’s Who in the Race?
Central banks front and centre, of course — but little is straightforward in the biggest currency jump we’ve faced since shells went out of fashion… The emergence of Bitcoin over a decade ago was a revelation. Even with the turbulent
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EY: Haunted by Phantom Income and at the Mercy of Economic Patterns — Inflation Distorts World Tax Systems
Recent IMF data show developed economies are running at an annual inflation rate of three to 10 percent. Some eastern European and Asian countries currently sit between 10 and 25 percent — and 10 nations are struggling with higher rates
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Business Leaders Find Alternatives to Pay Increases in Cost-of-Living Battle
Salaries falling behind inflation, and continual hikes ‘won’t always be possible’ as a countermeasure, firms say. The cost-of-living crisis is burgeoning, the war for talent rages on, and pay awards have been plateauing for six rolling quarters — falling behind
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Red Med Capital: An Independent Investment Bank in Morocco with a Green DNA
CFI.co in conversation with Abdeslam Ababou, chief executive of Red Med Capital… CEO of the independent investment bank, Abdeslam Ababou, founded the first arm of the group, Red Med Finance, in 2004. It has been involved in major M&A transactions
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Asian Development Bank: Decarbonisation ‘Won’t Work Unless it’s Equitable’
The transition to global net zero to address climate change must be both ambitious and fair. Otherwise, it will fail to achieve its goals — and lack the vital public support required over the long-term. Although ambitious decarbonisation will provide
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OECD: Sustainable Development and Climate Change Require More than Just Money
Blended finance could hold the key to overcoming major world challenges. Financing the UN’s Sustainable Development Goals and climate objectives requires huge financial investment — in an increasingly urgent timeframe. Seven years remain to meet the 2030 Agenda. The pressure
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