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African Governments Invest in Skills in Sciences, Engineering, and Technology
President Macky Sall of Senegal launches a new Regional Scholarship and Innovative Fund in Johannesburg, South Africa, in June 2015. $5 million committed by African governments and African Business Champions for Science to award 10,000 PhDs scholarships over ten years.
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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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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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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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IFC: Energy Storage Can Open Doors to Clean Energy Solutions in Emerging Markets
For more than a hundred years, electrical grids have been built with the assumption that electricity has to be generated, transmitted, distributed, and used in real time because energy storage was not economically feasible . This is now beginning to
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Evan Harvey, Nasdaq: ESG Reporting – Six Reasons Why
The corporate reporting of sustainability data – call it ESG, or environmental, social, and governance data – has come a long way. Only 20% of Fortune 500 companies reported ESG data in 2011. By 2016, according to the Governance and
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Otaviano Canuto & Matheus Cavallari, World Bank: Bloated Central Bank Balance Sheets
Central banks of large advanced and many emerging market economies have recently gone through a period of extraordinary expansion of their balance sheets and are all now possibly facing a transition to less abnormal times. However, the fact that one
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Evan Harvey, Nasdaq: A Short-Term Look at Long-Term Growth – The Expert Outlook on 2017
Given the rapidly changing state of our global economic and political picture, it can be daunting to integrate sustainability strategies into business practices. This has ever been the case, but perhaps the tension between short-term deliverables and longer-term principles is
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Otaviano Canuto, World Bank: Global Imbalances on the Rise
Discussions around large current account imbalances among systemically relevant economies as a direct threat to the stability of the global economy vanished in the aftermath of the global financial crisis. As the crisis originated in the US financial system –
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