Banking Archive

  • Berlin, 07/20/2016 – Banks and insurers can play a crucial part in stabilizing the climate, while at the same time safeguarding their clients’ assets. Leading representatives of finance and climate research will discuss the best strategies for a turnaround in investing this Thursday in Berlin. The event is hosted by the Swiss global bank UBS, the French multinational insurance firm AXA, CDP, the European innovation initiative Climate-KIC, Humboldt-Universität zu Berlin and the Potsdam Institute for Climate Impact Research (PIK). Divestment – the diversion of capital from fossil fuel industries to green innovation and sustainable businesses – is a new approach to reducing greenhouse-gas emissions, which could turn out to be a global “game changer”. The Great Investment Turnaround: how to finance a sustainable world economy Already today, investments of billions of Euros are being redirected. Pioneered by students of wealthy US universities, divestment has reached financial big shots like Allianz […]

    The Great Investment Turnaround: how to finance a sustainable world economy

    Berlin, 07/20/2016 – Banks and insurers can play a crucial part in stabilizing the climate, while at the same time safeguarding their clients’ assets. Leading representatives of finance and climate research will discuss the best strategies for a turnaround in investing this Thursday in Berlin. The event is hosted by the Swiss global bank UBS, the French multinational insurance firm AXA, CDP, the European innovation initiative Climate-KIC, Humboldt-Universität zu Berlin and the Potsdam Institute for Climate Impact Research (PIK). Divestment – the diversion of capital from fossil fuel industries to green innovation and sustainable businesses – is a new approach to reducing greenhouse-gas emissions, which could turn out to be a global “game changer”. The Great Investment Turnaround: how to finance a sustainable world economy Already today, investments of billions of Euros are being redirected. Pioneered by students of wealthy US universities, divestment has reached financial big shots like Allianz […]

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  • Berlin, 07/20/2016 – Banks and insurers can play a crucial part in stabilizing the climate, while at the same time safeguarding their clients’ assets. Leading representatives of finance and climate research will discuss the best strategies for a turnaround in investing this Thursday in Berlin. The event is hosted by the Swiss global bank UBS, the French multinational insurance firm AXA, CDP, the European innovation initiative Climate-KIC, Humboldt-Universität zu Berlin and the Potsdam Institute for Climate Impact Research (PIK). Divestment – the diversion of capital from fossil fuel industries to green innovation and sustainable businesses – is a new approach to reducing greenhouse-gas emissions, which could turn out to be a global “game changer”. The Great Investment Turnaround: how to finance a sustainable world economy Already today, investments of billions of Euros are being redirected. Pioneered by students of wealthy US universities, divestment has reached financial big shots like Allianz […]

    How to Finance a Sustainable World Economy

    Berlin, 07/20/2016 – Banks and insurers can play a crucial part in stabilizing the climate, while at the same time safeguarding their clients’ assets. Leading representatives of finance and climate research will discuss the best strategies for a turnaround in investing this Thursday in Berlin. The event is hosted by the Swiss global bank UBS, the French multinational insurance firm AXA, CDP, the European innovation initiative Climate-KIC, Humboldt-Universität zu Berlin and the Potsdam Institute for Climate Impact Research (PIK). Divestment – the diversion of capital from fossil fuel industries to green innovation and sustainable businesses – is a new approach to reducing greenhouse-gas emissions, which could turn out to be a global “game changer”. The Great Investment Turnaround: how to finance a sustainable world economy Already today, investments of billions of Euros are being redirected. Pioneered by students of wealthy US universities, divestment has reached financial big shots like Allianz […]

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  • Development funding is increasingly being channelled through Development Finance Institutions. These national institutions are particularly solicited when using development aid money to free up further investment, known as leveraging. When used well, these tools have the potential to allow sectors of developing countries’ economies that wouldn’t otherwise attract investment to strengthen and expand. However, this joint TUDCN-CPDE research paper highlights a number of alarming shortfalls in how these institutions operate that can seriously undermine international development goals. This new report, entitled ‘The development effectiveness of supporting the private sector with ODA funds’ examined nine Development Finance Institutions (DFIs). It is jointly produced by the CSO Partnership for Development Effectiveness (CPDE) and the TUDCN. Five case studies (available below) provided a background for the study which found that DFI practice is lacking in three vital areas: Ownership Ownership has been repeatedly highlighted as a fundamental pillar of development. In spite of […]

    The development effectiveness of Development Finance Institutions

    Development funding is increasingly being channelled through Development Finance Institutions. These national institutions are particularly solicited when using development aid money to free up further investment, known as leveraging. When used well, these tools have the potential to allow sectors of developing countries’ economies that wouldn’t otherwise attract investment to strengthen and expand. However, this joint TUDCN-CPDE research paper highlights a number of alarming shortfalls in how these institutions operate that can seriously undermine international development goals. This new report, entitled ‘The development effectiveness of supporting the private sector with ODA funds’ examined nine Development Finance Institutions (DFIs). It is jointly produced by the CSO Partnership for Development Effectiveness (CPDE) and the TUDCN. Five case studies (available below) provided a background for the study which found that DFI practice is lacking in three vital areas: Ownership Ownership has been repeatedly highlighted as a fundamental pillar of development. In spite of […]

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  • The World Trade Organisation (WTO) has released a new study focusing on SMEs’ lack of access to trade finance, providing a list of recommendations to address the gap. WTO Director-General Roberto Azevêdo has issued a call for action to help close the gaps in the availability of trade finance that affect the trade prospects of small and medium-sized enterprises (SMEs), particularly in Africa and Asia. In a new WTO publication, “Trade Finance and SMEs: bridging the gaps in provision”, which examines the problem and looks into possible solutions, DG Azevêdo says that easing the supply of credit could have a big impact in helping small businesses grow and in supporting the development of the poorest countries. The WTO’s strategy focuses on three fronts: firstly, encouraging global financial institutions to stay engaged, ensuring that regulations are not prohibitive; then, enhancing local financial institutions’ capacity to supply trade finance to SMEs; finally, […]

    Trade finance and SMEs – Bridging the gaps in provision

    The World Trade Organisation (WTO) has released a new study focusing on SMEs’ lack of access to trade finance, providing a list of recommendations to address the gap. WTO Director-General Roberto Azevêdo has issued a call for action to help close the gaps in the availability of trade finance that affect the trade prospects of small and medium-sized enterprises (SMEs), particularly in Africa and Asia. In a new WTO publication, “Trade Finance and SMEs: bridging the gaps in provision”, which examines the problem and looks into possible solutions, DG Azevêdo says that easing the supply of credit could have a big impact in helping small businesses grow and in supporting the development of the poorest countries. The WTO’s strategy focuses on three fronts: firstly, encouraging global financial institutions to stay engaged, ensuring that regulations are not prohibitive; then, enhancing local financial institutions’ capacity to supply trade finance to SMEs; finally, […]

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  • Mobilising the revenues needed to further development and improve people’s lives will depend on broader tax bases, stronger tax institutions, and redoubled efforts to stem both cross-border and domestic tax evasion and avoidance. In many countries billions of dollars are lost every year to narrow tax bases, weak administrative capacity, and poor tax compliance. Helping countries to strengthen their tax systems and achieve the Sustainable Development Goals (SDGs) requires a new framework for action. In launching the Addis Tax Initiative, over 30 countries and international organisations have now teamed up to strengthen international cooperation in this area. The Initiative highlights the crucial importance of domestic revenue for financing development and specifically stresses the importance of tackling domestic and cross-border tax evasion and avoidance. Harnessing the momentum of the Financing for Development agenda, the Addis Tax Initiative brings new energy and enthusiasm to the field of domestic resource mobilisation (DRM), emphasizing […]

    Better tax systems crucial for development | ADDIS TAX INITIATIVE starts

    Mobilising the revenues needed to further development and improve people’s lives will depend on broader tax bases, stronger tax institutions, and redoubled efforts to stem both cross-border and domestic tax evasion and avoidance. In many countries billions of dollars are lost every year to narrow tax bases, weak administrative capacity, and poor tax compliance. Helping countries to strengthen their tax systems and achieve the Sustainable Development Goals (SDGs) requires a new framework for action. In launching the Addis Tax Initiative, over 30 countries and international organisations have now teamed up to strengthen international cooperation in this area. The Initiative highlights the crucial importance of domestic revenue for financing development and specifically stresses the importance of tackling domestic and cross-border tax evasion and avoidance. Harnessing the momentum of the Financing for Development agenda, the Addis Tax Initiative brings new energy and enthusiasm to the field of domestic resource mobilisation (DRM), emphasizing […]

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  • Follow this European Development Days 2013 session at http://eudevdays.eu/topics/productive-work-youth Youth represent 17 % of the world’s population and over 40 % of its unemployed, leaving millions economically and socially excluded, which exerts a high cost on society. At the same time, many young people work in informal jobs with a low quality of employment: low earnings, high levels of insecurity, limited chances for advancement, and a lack of social protection. Creating 90 % of the world’s jobs, the private sector is a driving force for poverty reduction. However, young jobseekers, especially marginalised young people, such as care leavers, often do not match the skills required by the private sector and young aspiring entrepreneurs face obstacles in starting or expanding their productive activities. Interventions to enhance productive work for youth needs to focus on improving the education and employability opportunities for all young people, in close cooperation with the private sector. […]

    Productive work for youth: Inclusive solutions for youth employment

    Follow this European Development Days 2013 session at http://eudevdays.eu/topics/productive-work-youth Youth represent 17 % of the world’s population and over 40 % of its unemployed, leaving millions economically and socially excluded, which exerts a high cost on society. At the same time, many young people work in informal jobs with a low quality of employment: low earnings, high levels of insecurity, limited chances for advancement, and a lack of social protection. Creating 90 % of the world’s jobs, the private sector is a driving force for poverty reduction. However, young jobseekers, especially marginalised young people, such as care leavers, often do not match the skills required by the private sector and young aspiring entrepreneurs face obstacles in starting or expanding their productive activities. Interventions to enhance productive work for youth needs to focus on improving the education and employability opportunities for all young people, in close cooperation with the private sector. […]

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  • The latest World Development Report (WDR), Risk and Opportunity: Managing Risk for Development, analyzes risk at many levels and forms and is rich with examples, ranging from job loss and disease to financial crises and natural disasters—often highlighting the costly consequences of mismanaged risk. The 147 banking crises that have struck 116 countries in the past 40 years, for instance, have led to large declines in output and employment. A key message from the WDR 2014 is that risk management can be a powerful tool for development and has the potential to bring about security and future prosperity to people in the developing world. Effective risk management approaches can not only protect the poor – they can also unlock opportunities for better development outcomes. For example, farmers in Ghana and India – among other countries – who have rainfall insurance have increased their investments in fertilizer, seeds, and other inputs. […]

    Risk management can be a powerful instrument for development | World Development Report 2014

    The latest World Development Report (WDR), Risk and Opportunity: Managing Risk for Development, analyzes risk at many levels and forms and is rich with examples, ranging from job loss and disease to financial crises and natural disasters—often highlighting the costly consequences of mismanaged risk. The 147 banking crises that have struck 116 countries in the past 40 years, for instance, have led to large declines in output and employment. A key message from the WDR 2014 is that risk management can be a powerful tool for development and has the potential to bring about security and future prosperity to people in the developing world. Effective risk management approaches can not only protect the poor – they can also unlock opportunities for better development outcomes. For example, farmers in Ghana and India – among other countries – who have rainfall insurance have increased their investments in fertilizer, seeds, and other inputs. […]

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  • International Financial Institutions Agree to Share Data to Improve Development Outcomes and Lay the Groundwork for the Post-2015 Development Agenda WASHINGTON, April 22, 2013/ — Recognizing the power of information to shape better policies, guide development programs and increase accountability, UN Secretary-General Ban Ki-moon, along with leaders of six multilateral financial institutions, announced today that they would strengthen inter-agency sharing and collaboration on issues related to data and statistical capacity building. This will provide the global community with better statistical tools to measure progress toward the Millennium Development Goals (MDGs) and post-2015 development Donald Kaberuka – AfDB President_.jpgagenda and improve the lives of people in the developing world. This historic meeting of resourceful institutions confirmed my belief that by working together we can demonstrate the power of multilateralism to secure a better future for all. The first-of-its-kind meeting and agreement will help us further deepen our joint work to meet […]

    International Financial Institutions Agree to Share Data

    International Financial Institutions Agree to Share Data to Improve Development Outcomes and Lay the Groundwork for the Post-2015 Development Agenda WASHINGTON, April 22, 2013/ — Recognizing the power of information to shape better policies, guide development programs and increase accountability, UN Secretary-General Ban Ki-moon, along with leaders of six multilateral financial institutions, announced today that they would strengthen inter-agency sharing and collaboration on issues related to data and statistical capacity building. This will provide the global community with better statistical tools to measure progress toward the Millennium Development Goals (MDGs) and post-2015 development Donald Kaberuka – AfDB President_.jpgagenda and improve the lives of people in the developing world. This historic meeting of resourceful institutions confirmed my belief that by working together we can demonstrate the power of multilateralism to secure a better future for all. The first-of-its-kind meeting and agreement will help us further deepen our joint work to meet […]

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  • TUNIS, Tunisia, February 27, 2013/ — The African Development Bank (AfDB) has laid out solutions some African countries are about to apply, with help from the AfDB and the Climate Investment Funds (CIF), to respond to complex problems that climate change is creating on their combined sectors of water, food and energy. The article, part of the Climate Investment Funds (CIF’s) newly released 2012 Annual Report “Creating the Climate For Change” (https://www.climateinvestmentfunds.org/cif/sites/climateinvestmentfunds.org/files/2012_Annual_Report.pdf), reflects Africa’s uniquely challenging circumstances in the water sector caused by climate change with repercussions in the agricultural and energy fields, and countries’ work to apply innovative solutions with AfDB and CIF support. Claiming that “by 2020 up to 250 million people in Africa are projected to be exposed to increased water stress with disastrous effects on Africa’s most vulnerable,” the article cites examples of countries which are set to apply innovative integrated approaches to strengthening their water, […]

    African Countries’ Integrated Climate Resilience Solutions in the Water Sector | AfDB CIF Global 2012 Annual Report

    TUNIS, Tunisia, February 27, 2013/ — The African Development Bank (AfDB) has laid out solutions some African countries are about to apply, with help from the AfDB and the Climate Investment Funds (CIF), to respond to complex problems that climate change is creating on their combined sectors of water, food and energy. The article, part of the Climate Investment Funds (CIF’s) newly released 2012 Annual Report “Creating the Climate For Change” (https://www.climateinvestmentfunds.org/cif/sites/climateinvestmentfunds.org/files/2012_Annual_Report.pdf), reflects Africa’s uniquely challenging circumstances in the water sector caused by climate change with repercussions in the agricultural and energy fields, and countries’ work to apply innovative solutions with AfDB and CIF support. Claiming that “by 2020 up to 250 million people in Africa are projected to be exposed to increased water stress with disastrous effects on Africa’s most vulnerable,” the article cites examples of countries which are set to apply innovative integrated approaches to strengthening their water, […]

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  • All regions of the world would suffer – some more than others – but the report finds that the poor will suffer the most. WASHINGTON, November 18, 2012 – The world is barreling down a path to heat up by 4 degrees at the end of the century if the global community fails to act on climate change, triggering a cascade of cataclysmic changes that include extreme heat-waves, declining global food stocks and a sea-level rise affecting hundreds of millions of people, according to a new scientific report released today that was commissioned by the World Bank. Turn Down the Heat, a snapshot of the latest climate science prepared for the World Bank by the Potsdam Institute for Climate Impact Research (PIK) and Climate Analytics, says that the world is on a path to a 4 degree Celsius[1] (4°C) warmer world by end of this century and current greenhouse gas […]

    Risks of 4 Degree Hotter World by End of Century

    All regions of the world would suffer – some more than others – but the report finds that the poor will suffer the most. WASHINGTON, November 18, 2012 – The world is barreling down a path to heat up by 4 degrees at the end of the century if the global community fails to act on climate change, triggering a cascade of cataclysmic changes that include extreme heat-waves, declining global food stocks and a sea-level rise affecting hundreds of millions of people, according to a new scientific report released today that was commissioned by the World Bank. Turn Down the Heat, a snapshot of the latest climate science prepared for the World Bank by the Potsdam Institute for Climate Impact Research (PIK) and Climate Analytics, says that the world is on a path to a 4 degree Celsius[1] (4°C) warmer world by end of this century and current greenhouse gas […]

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  • Most voted projects may receive up to $50,000 in grants The Inter-American Development Bank (IDB) announced a call for innovative ideas to promote the inclusion of people with disabilities as financial sector clients and workers in Latin America and the Caribbean. The competition organized by the IDB’s Innovation Lab is open to public and private financial institutions, either regulated or non-regulated, from the Bank’s 48 member countries for projects to be carried out in Latin America and the Caribbean. Participants must register and submit their proposals at the lab’s website, bidinnovacion.org. Proposals, which must be submitted by December 31, 2012, will be put to a vote by the general public. The most voted ideas will be evaluated by a panel of experts, who will select the best ones to receive grants of up to $50,000 for their implementation. The call for solutions is financed with resources from the Italian Cooperation, […]

    Inter-American Development Bank calls for solutions for financial inclusion of people with disabilities

    Most voted projects may receive up to $50,000 in grants The Inter-American Development Bank (IDB) announced a call for innovative ideas to promote the inclusion of people with disabilities as financial sector clients and workers in Latin America and the Caribbean. The competition organized by the IDB’s Innovation Lab is open to public and private financial institutions, either regulated or non-regulated, from the Bank’s 48 member countries for projects to be carried out in Latin America and the Caribbean. Participants must register and submit their proposals at the lab’s website, bidinnovacion.org. Proposals, which must be submitted by December 31, 2012, will be put to a vote by the general public. The most voted ideas will be evaluated by a panel of experts, who will select the best ones to receive grants of up to $50,000 for their implementation. The call for solutions is financed with resources from the Italian Cooperation, […]

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  • GlobalFair was established in 2011 in Brussels, Belgium as an international not-for-profit, non partisan organisation. It is run by an ambitious coordination team from Brussels with partners and members worldwide. The association arose from the vision to combine private and non-profit sector interests in countries with prospering economies and with future markets in disfavoured regions. All activities emphasize business and investment opportunities. There are no geographic restrictions to projects run by GlobalFair, but the outcome has to have a general positive social and ecological impact. GlobalFair focuses on innovative and sustainable projects with micro, small and medium-size enterprises and organisations, aiming for the creation of an eco-social market economy on local and superior level. The projects are accompanied by a transfer of best practices, business knowledge and mutual learning among business cultures, and production structures. In addition to the projects, GlobalFair represents its members’ views at public and private meetings […]

    Karsten Weitzenegger Consulting joined GlobalFair aisbl | linking business & social concern

    GlobalFair was established in 2011 in Brussels, Belgium as an international not-for-profit, non partisan organisation. It is run by an ambitious coordination team from Brussels with partners and members worldwide. The association arose from the vision to combine private and non-profit sector interests in countries with prospering economies and with future markets in disfavoured regions. All activities emphasize business and investment opportunities. There are no geographic restrictions to projects run by GlobalFair, but the outcome has to have a general positive social and ecological impact. GlobalFair focuses on innovative and sustainable projects with micro, small and medium-size enterprises and organisations, aiming for the creation of an eco-social market economy on local and superior level. The projects are accompanied by a transfer of best practices, business knowledge and mutual learning among business cultures, and production structures. In addition to the projects, GlobalFair represents its members’ views at public and private meetings […]

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