Malpass Shows Pragmatism and Relevant Smarts in his New Role

Some critics see the nomination and election of the new president of the World Bank, David Malpass, as a continuation of the Trump administration’s stance on multilateral institutions and China. David Malpass saw President Donald Trump as an agent of

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Danièle Nouy: Getting Tough with Bankers

It is her job to keep Europe’s banks on the straight and narrow and remind their executives that honesty pays. During her four years as chairperson of the European Central Bank’s (ECB) supervisory board, Danièle Nouy made few friends in

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Otaviano Canuto, World Bank: Making Returns on Knowledge – How Innovation Can Flow from Globalisation

The April issue of the International Monetary Fund’s World Economic Outlook (WEO) included a chapter on how globalisation has helped technology leaders’ knowledge spread faster. Cross-border technological diffusion has not only contributed to rising domestic productivity levels in advanced and

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World Bank Group Unveils New Initiatives in Investment Policy and Promotion

For many developing countries, foreign direct investment (FDI) has become the largest source of external finance, surpassing official development assistance, remittances, or portfolio investment flows. In 2016, more than 40% of the nearly $1.75 trillion of global FDI flows was

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FMO: Unlocking Scale Potential of Green Bonds in India – Lessons from Global Markets

The global green bonds market has gone from strength to strength in recent years, with issuance for 2017 already exceeding $100bn, some $20bn more than the total issuance in 2016 and the first time this benchmark has been breached. According

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Otaviano Canuto, World Bank: Overlapping Globalisations

Current technological developments in manufacturing are likely to lead to a partial reversal of the wave of fragmentation and global value chains that was at the core of the rise of North-South trade from 1990 onward. At the same time,

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Davos: Till We Meet Again – Bankers Packing Up

Dutch Finance Minister and President of the Eurogroup Jeroen Dijsselbloem is worried that the increased insularity of thought displayed by Prime Minister Theresa May will prove near-fatal for the United Kingdom: “We’ll probably meet again twenty years from now. By

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Werner Hoyer, President of the European Investment Bank (EIB): A Mostly Unseen Hand

In late-December, President Werner Hoyer of the European Investment Bank shared his experiences and insights with CFI.co chairman Tor Svensson and editor Wim Romeijn. He leads an institution more than twice as large as the World Bank, yet remains virtually

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Nouriel Roubini: The Mystery of the Missing Inflation

Since the summer of 2016, the global economy has been in a period of moderate expansion, yet inflation has yet to pick up in the advanced economies. The question that inflation-targeting central banks must confront is straightforward: why? Since the

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Kristalina Georgieva

The little blue Audi TT with its stick shift had to be sacrificed to a small electric VW: “I need to go electric. We all have this responsibility.” The commute may be slightly less exciting, World Bank CEO Kristalina Georgieva

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