One of the buzzwords at the recently concluded Financing for Development (FFD3) conference in Addis was ‘partnership’. At just one side event, hosted by the One Campaign, 30 speakers mentioned the word 34 times in just two hours. At the International Business Forum, held in parallel to FFD3, the conference secretary-general, Wu Hungbo said that […]
Shifting Capital Flows
DfID to pump £735m into investment arm for private sector projects
The UK’s Department for International Development (DfID) is to invest an extra £735m over the next three years into the CDC Group, the British development finance institution that specialises in private sector funding. DfID is increasingly targeting private sector investment, which the international development secretary Justine Greening has said will help to end aid dependency […]
How private sources of development finance could be key to Asia’s future
As the world’s economic growth engine, Asia is uniquely placed to provide a blueprint for ending poverty and realising sustainable development. The challenge is not where to find resources to achieve these goals, but rather how to unlock the resources already available. Private sources of development financing should be central to this effort. Private investments […]
What to expect from the Addis Ababa Financing for Development Conference
On Monday 13 July, world leaders will gather in Ethiopia’s capital, Addis Ababa, for the third Financing for Development summit (FFD3). On the agenda: work out where the money will come from to fund the two processes that start this year and aim to change the future for people and planet. As Jim Yong Kim, […]
Is India Really the World’s Most Attractive Economy for Investors?
Two years ago, India was an unhappy member of Morgan Stanley’s “Fragile Five,” a handful of emerging economies judged most vulnerable to tighter Federal Reserve policy and rising global bond yields. Since then, India’s oil bill has dropped, inflation has eased, gold imports have been curtailed, the trade deficit has narrowed — and in last […]
PwC Report Predicts Increased Infrastructure Investment in Africa
Dealing with Africa’s infrastructure backlogs and its future demands is high on the agenda of leaders and civil society on the continent and abroad. While the continent’s infrastructure currently lags behind that of the rest of the world with some 30 per cent in a dilapidated condition, there is widespread recognition of the vast business […]
Emerging Markets: Trading Blow
After years of boosting global growth, developing economies now a major drag on world economy- It was only five years ago, but it feels like a different era. Roger Agnelli, the then chief executive of Vale, the Brazilian mining company, had just taken delivery of the first of an order of 35 Valemax ships, the […]