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October 17, 2019
Catalyzing Environmental, Social and Governance Investment
On October 17th, MIGA held its Annual Meetings event, Catalyzing Environmental, Social and Governance Investment.  The event brought together private investors to discuss how they are integrating ESG impact into their investment strategies and how partners like MIGA can help support these objectives.   Keiko Honda opened by reflecting on her last year as MIGA CEO and looking back at the organization’s accomplishments.  With the growth of ESG investing, she noticed that the time was ripe for MIGA and the rest of the World Bank Group to position itself as a partner for private investors.  Then, there was a video shown about MIGA-backed Parc Eolien Taiba N'diaye wind farm, the biggest wind farm in Senegal, providing clean energy to approximately 2 million residents.  The panel portion of the event brought together leaders in ESG and MIGA leadership: Rakhi Kumar, Senior Managing Director and Head of ESG Investments and Asset Stewardship, State Street Global Advisors; and Sujoy Bose, Chief Executive Officer, National ...
Type: Event
October 17, 2019
The Infrastructure Revolution: Integration, Investment and Innovation

Global leaders, activists, and investors gathered Thursday to discuss the power of infrastructure and the critical role it plays in connecting people to opportunity. Through a series of TED-style talks, speakers shared compelling examples of how regional integration, investment and innovation in infrastructure have worked to deliver better outcomes for communities and countries.  Panelists reflected on the examples shared and discussed priorities for bridging the infrastructure gap, including greater accessibility, more and better data, innovative financing vehicles, and expanded partnerships.

Type: Event
October 17, 2019
Invest in Nature: Uncovering the Hidden Value of Biodiversity

Scientist and author of the most comprehensive global assessment on biodiversity, Sir Robert Watson, kicked off the event illustrating what science was telling us – one million species are at the risk of extinction, and 90% of the land is significantly altered threatening the lives and livelihoods of millions of people. ``Protecting biodiversity is more than an environmental issue. It is a development and economic issue but also a moral issue,’’ he said to a full house. Two lightening speakers showcased innovative approaches to reversing the trend on biodiversity. Helen Crowley, head of sustainable sourcing innovation at fashion group Kering said: ``Fashion might be late to the issue of sustainability but we are here now.’’ Kering is one of the 32 fashion companies to join the fashion pact with the G7. Emiliano Ezcura, the VP of National Parks in Argentina, asked, ``If you're a finance minister, how can you not care about nature?’’. He spoke of innovative approaches involving creating rural corridors with ...

Type: Event
October 16, 2019
Civil Society Townhall 2019

Join World Bank Group President David Malpass as he engages with representatives of Civil Society Organizations from around the world in an interactive townhall event. He will discuss with civil society a wide range of development topics that highlight the Bank’s work to reduce poverty, boost shared prosperity, secure financial stability, and promote sustainable economic growth.  

Type: Event
October 17, 2019
End of an Era? Global Value Chains, Trade and Development
Global value chains (GVCs) powered an economic revolution over the past three decades: growth accelerated, incomes rose, and poverty rates plunged. Almost 50% of global trade involves GVCs, but rising trade tensions and uncertainties over market access threaten their future. Penny Goldberg, World Bank Group Chief Economist together with Arturo Herrera Gutierrez, Mexico’s Finance Minister, and Ville Skinnari, Finland’s Minister for Development Cooperation and Foreign Trade, discussed how countries can use GVCs to grow in an inclusive and sustainable manner. Goldberg summarized the latest World Development Report,Trading for Development in the Age of Global Value Chains while the two ministers reflected on experiences of their countries. GVCs make it easier for developing countries to join global trade and use it to develop, Goldberg said. Their biggest benefit is that they facilitate the transfer of knowledge, she added. Reflecting on Mexico’s experience with GVCs, Minister Herrera said microspecialities have their opportunity to develop to their fullest under GVCs. ...
Type: Event
October 17, 2019
Learning Poverty: Building the Foundation of Human Capital

Learning poverty—the percentage of children unable to read by the age of 10—is at the heart of global poverty. Tackling all the fundamental steps that are needed to deliver the outcome of a child who can read by their first decade of life requires action across multiple arenas. To learn, children must first survive and thrive; families must have access to quality services; girls must have the same opportunities as boys; parents must have economic opportunities and countries must have policy approaches that allow all of this to flourish. Learning poverty is inextricably linked to global poverty. Join us to hear from speakers, who will highlight the actions being taken to tackle this fundamental shift to achieving stronger country outcomes. 

Type: Event
October 17, 2019
Connecting Africa through Broadband: A Roadmap for Inclusive Growth
Please join us for the launch of the Broadband for All report (“A Digital Infrastructure Moonshot for Africa”). The report, one of the first to quantify the cost of bridging the broadband gap in North and Sub-Saharan Africa, calls for urgent action to close the internet access gap while providing a roadmap and action plan for reaching universal broadband connectivity in Africa by 2030. To achieve universal access, Africa will need to bring about 1.1 billion more people online. This will require exceptional and coordinated efforts from governments, the private sector, development partners and civil society but the investment is worth it.
Type: Event
October 17, 2019
Decoding Debt: Getting Transparency Right

Rising debt levels pose a challenge to the global effort to end extreme poverty and achieve other Sustainable Development Goals by 2030. To meet these goals, countries will need to invest at least 4.5% of national GDP each year on infrastructure alone. They will need to find ways to finance these investments without letting debt grow to unmanageable levels. Debt transparency, as a result, has become an urgent priority—and the World Bank Group is stepping up its efforts in this area. This panel will bring together a diverse group of experts—representing the perspectives of governments, investors, and civil society organizations—to address three key questions: 1) Why is debt transparency important? 2) Why is it lacking in so many low-income countries? 3) What must be done to create the right incentives for greater debt transparency?

Type: Event
October 16, 2019
Towards Sustainable Peace: Development Approaches to Tackling Fragility, Conflict and Violence
What is the unique role of development in crisis settings? As the World Bank Group develops its strategy for fragility, conflict and violence, it brought together Aïchatou Boulama Kané (Minister of Planning, Niger,) Henrietta Fore (Executive Director, UNICEF,) Nancy Lindborg (President and CEO, U.S. Institute for Peace) and WB Managing Director of Operations, Axel van Trotsenburg to  discuss how its long-term approach complements humanitarian agencies, governments, civil society, the private sector and other actors in fragile situations. Here are the of the points raised: Since FCV situations are protracted, no one has the luxury of seeing development as something that starts in the post-conflict phase—it is part of the overall response to crisis. Conflict prevention is perhaps most important – social and economic exclusion, justice and security are essential to avoid societal fragmentation which can lead to conflict. The private sector, especially local enterprises, provide the jobs that are critical to economic betterment and hope. Country ownership – While ...
Type: Event
October 16, 2019
Fintech Innovators as Drivers of Inclusive Economies

How is fintech reshaping financial services to reach three billion unbanked people? #FintechInnovators are transforming financial services around the world and empowering financially underserved people and businesses. Monica Brand Engel, Co-Founding Partner, Quona Capital, Benjamin E. Diokno, Governor Bangko Sentral ng Pilipinas, Ashraf Sabry, CEO, Fawry, and Andrew Torre, Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA), Visa Inc., discussed emerging opportunities and risks, the financial inclusion challenge, and regulatory strategies to foster inclusive innovation and financial expansion. Here are some points they highlighted: In five years, 50 percent of transactions will be electronic. Customers’ preferences will continue to change. It’s hard to imagine that they will go to a bank branch in 10 years’ time. Regulation matters— authorities need to create the right economic incentives for merchants to move out of shadow economies. Cash is the most known brand in any country. It’s a tough competitor. Personal financial management FinTechs will help consumers figure out ...

Type: Event

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