Tag #Development Finance

Showing 13 to 19 of 19 results

europe.chinadaily.com.cn

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Apr 30, 04:15

Xi Pledges Continued Support for BRICS Bank, Emphasizing Global South Development

During his Tuesday visit to the BRICS New Development Bank (NDB) in Shanghai, President Xi Jinping reiterated China's strong support for the institution, urging it to further assist the Global South's development, particularly in green and sustainable infrastructure, while NDB President Dilma Rousse...

Xi Pledges Continued Support for BRICS Bank, Emphasizing Global South Development

During his Tuesday visit to the BRICS New Development Bank (NDB) in Shanghai, President Xi Jinping reiterated China's strong support for the institution, urging it to further assist the Global South's development, particularly in green and sustainable infrastructure, while NDB President Dilma Rousse...

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How does the NDB's focus on green and sustainable development contribute to broader global goals?

Xi's visit underscores China's commitment to the NDB and its role in reshaping global finance. His call for increased support for the Global South reflects a broader shift in global power dynamics, with emerging economies seeking greater influence in international institutions. The NDB's focus on green and sustainable development aligns with global efforts to combat climate change and promote inclusive growth.

nrc.nl

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Mar 25, 04:07

FMO Reports Record Profits Amidst Global Development Aid Cuts

Despite global cuts in development aid, the Dutch development bank FMO reported record profits of €297 million in 2024, investing €3.8 billion in agriculture, finance, and renewable energy projects, a strategic shift that has increased profitability and attracted projects from other organizations.

FMO Reports Record Profits Amidst Global Development Aid Cuts

Despite global cuts in development aid, the Dutch development bank FMO reported record profits of €297 million in 2024, investing €3.8 billion in agriculture, finance, and renewable energy projects, a strategic shift that has increased profitability and attracted projects from other organizations.

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How did FMO's strategic shift towards specific sectors contribute to its financial success and altered competitive landscape?

FMO's success contrasts with global trends of reduced development aid and withdrawal from climate initiatives by major banks. This shift in FMO's strategy, focusing on profitable sectors while adhering to UN sustainable development goals, positions it to benefit from the shrinking field of development finance. The bank's focus on projects with economic viability, including a coffee farming project, reduces vulnerability to political pressure.

forbes.com

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Jan 30, 22:10

African Sovereign Debt Crisis: Capital Access and Systemic Imbalances

African nations face a severe sovereign debt crisis, with 54 countries spending over 10% of national income on interest, rising to 18.5% in Africa, due to limited capital access and lack of a global bankruptcy court for sovereign debt resolution, impacting economic development.

African Sovereign Debt Crisis: Capital Access and Systemic Imbalances

African nations face a severe sovereign debt crisis, with 54 countries spending over 10% of national income on interest, rising to 18.5% in Africa, due to limited capital access and lack of a global bankruptcy court for sovereign debt resolution, impacting economic development.

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What are the primary financial challenges faced by African sovereigns, and what are the immediate implications for their economic development?

African nations face a severe sovereign debt crisis, with 54 countries spending over 10% of their national income on interest payments; in Africa alone, this figure rises to 18.5%. This situation is exacerbated by a lack of readily available, affordable capital for crucial social and economic development projects. The challenge is systemic, not solely a creditworthiness issue.

abcnews.go.com

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Dec 10, 04:08

US Development Agency Celebrates 5 Years, Highlights Angola Rail Project

The US International Development Finance Corporation (DFC) celebrated its fifth anniversary, highlighting its $50 billion portfolio and a new $553 million loan for an Angola rail project to counter China's global infrastructure investments and secure critical mineral supply chains.

US Development Agency Celebrates 5 Years, Highlights Angola Rail Project

The US International Development Finance Corporation (DFC) celebrated its fifth anniversary, highlighting its $50 billion portfolio and a new $553 million loan for an Angola rail project to counter China's global infrastructure investments and secure critical mineral supply chains.

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What challenges does the DFC face in sustaining its growth and impact in the future?

The DFC's future success hinges on Congressional re-authorization and increased investment capacity to compete effectively with China. Maintaining a balance between strategic interests and ethical development practices will be crucial for long-term impact. The agency's ability to attract private investment will determine its scalability and effectiveness.

africa.chinadaily.com.cn

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Apr 3, 07:18

US Disengagement from World Bank: Implications for Global Development

The United States, under President Trump's "America First" policy, is significantly decreasing its involvement in the World Bank, potentially leading to its withdrawal, driven by domestic political shifts and a decline in US global influence; this action has significant implications for global devel...

US Disengagement from World Bank: Implications for Global Development

The United States, under President Trump's "America First" policy, is significantly decreasing its involvement in the World Bank, potentially leading to its withdrawal, driven by domestic political shifts and a decline in US global influence; this action has significant implications for global devel...

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What are the immediate consequences of the potential US withdrawal from the World Bank?

The US, under President Trump, is significantly reducing its engagement with the World Bank, potentially leading to withdrawal. This stems from a combination of domestic policy shifts prioritizing domestic issues and a weakening of US dominance in global governance.

kathimerini.gr

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Feb 28, 19:10

World Bank Funding at Risk Amidst Trump Administration's Policy Shift

The World Bank faces potential US withdrawal under the Trump administration due to budget cuts and policy shifts, jeopardizing its AAA rating and borrowing capacity; President Ajay Banga highlights the bank's profitability and alignment with US energy interests to secure continued funding.

World Bank Funding at Risk Amidst Trump Administration's Policy Shift

The World Bank faces potential US withdrawal under the Trump administration due to budget cuts and policy shifts, jeopardizing its AAA rating and borrowing capacity; President Ajay Banga highlights the bank's profitability and alignment with US energy interests to secure continued funding.

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Climate Action

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What are the immediate consequences of a potential US withdrawal from the World Bank, and how does this impact global development financing?

The Trump administration's cuts to foreign aid and renewable energy programs have raised concerns at the World Bank, its largest shareholder, about potential US withdrawal. While the administration hasn't explicitly opposed the bank, an executive order mandates review of US contributions to international organizations, and the Project 2025 plan advocates withdrawal. A withdrawal would jeopardize the bank's AAA rating, severely limiting its borrowing capacity, as approximately 18% of its funding comes from the US.

allafrica.com

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Jan 15, 13:07

AfDB's Decade of Growth Under Adesina: Increased Capital, Global Influence, and a Call for Fairer Taxation

Akinwumi Adesina, AfDB president, reflects on a decade of achievements, including a tripling of the bank's capital to $318 billion, increased African influence in global finance, and the launch of the Africa Investment Forum, while advocating for fairer tax practices by multinational companies in Af...

AfDB's Decade of Growth Under Adesina: Increased Capital, Global Influence, and a Call for Fairer Taxation

Akinwumi Adesina, AfDB president, reflects on a decade of achievements, including a tripling of the bank's capital to $318 billion, increased African influence in global finance, and the launch of the Africa Investment Forum, while advocating for fairer tax practices by multinational companies in Af...

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What is the most significant achievement of the AfDB under Adesina's leadership, and what are its implications for Africa's global standing?

After a decade, the African Development Bank (AfDB), under Akinwumi Adesina's leadership, has seen its capital surge from $93 billion to $318 billion, becoming a globally recognized and transparent institution. This growth coincides with Africa's increasing global influence on issues like climate change and food security.

Showing 13 to 19 of 19 results