Showing 1 - 10 of 11
Global banking rules need review
News, Published on 29/07/2025
» In an era of shrinking resources for development finance, global policymakers must shift their focus to making better use of existing funds. Identifying and removing regulatory barriers that hinder the efficient deployment of capital to emerging markets and developing economies (EMDEs) is a good place to start.
Central banks help drive gold rush
Business, Published on 24/06/2025
» More than nine in 10 reserve managers say they expect central banks to continue increasing their gold holdings in the next 12 months, according to a new survey released by the World Gold Council.
The way to lose an entire decade
Oped, Published on 19/03/2025
» The 2020s are shaping up to be a lost decade, at best, for economic growth. This will be particularly bad for emerging markets and developing economies (EMDEs) in the short term, but it will leave us all worse off, not least by undermining the global fight against climate change. The parallels with the 1930s -- when the world also faced a major economic shock, intensifying protectionism, growing nationalism, and the weakening of multilateralism -- make the situation appear all the more ominous. Then, like now, geopolitics was king.
Mobilising private climate finance
Oped, Published on 15/10/2024
» Around the world, we are witnessing the devastating effects of changing temperatures. Droughts, floods, and sweltering heat are taking lives, eroding hard-earned socioeconomic gains, and leaving countries' future hanging in the balance. Worse, those who have contributed the least to the climate crisis are being hit the hardest.
The US dollar is a problem for everyone
Oped, Published on 20/08/2024
» In 1971, US Treasury Secretary John Connally famously told his counterparts in the G10 that "the dollar is our currency, but it's your problem". Connally was being unexpectedly candid about the fact that, even though the greenback was the world's main reserve currency, its foremost purpose was to advance US interests.
More affordable climate finance
Oped, Published on 14/03/2024
» Emerging-market and developing economies (EMDEs) will need an estimated US$2.4 trillion (86 trillion baht) in climate investment annually to meet climate goals, according to the Independent High-Level Expert Group on Climate Finance, with $1 trillion coming from external sources. Achieving the United Nations Sustainable Development Goals (SDGs) will require even more financing: an increase of $3.5 trillion in new investments annually by 2030. These are daunting figures. But they are also non-negotiable.
Balancing sustainability in BRI
Oped, Published on 19/10/2023
» Ever since 2013 when China launched its magnanimous Belt and Road Initiative (BRI), Western capitals have been viewing this monumental developmental project with scepticism; their response is tainted by an unwarranted wave of negativity and misinformation.
IMF warns of slowing global growth ahead
AFP, Published on 25/07/2023
» WASHINGTON: The International Monetary Fund has slightly upgraded its outlook for global growth this year on the back of resilient service sector activity in the first quarter and a strong labour market, the lender said Tuesday.
'Stagflation' risk as Ukraine war chokes global growth: World Bank
AFP, Published on 07/06/2022
» WASHINGTON - The global economy risks falling into a harmful period of 1970s-style "stagflation," sparked chiefly by Russia's invasion of Ukraine, the World Bank warned Tuesday as it slashed its annual growth forecast.
The G20's coronavirus agenda
Oped, Jeffrey Frankel, Published on 27/08/2021
» Finance ministers, central bank governors, and political leaders are hard at work preparing for the 2021 G20 Heads of State and Government Summit in Rome on Oct 30-31. With the Covid-19 pandemic stretching well into its second year, the meeting will come at a time of heightened uncertainty about public health and the global economy. And though the mechanisms of international cooperation have been weakened by the pandemic and remain bruised by former US President Donald Trump's legacy, they are more important than ever.