Augusta Dwyer The world’s seven largest development banks, most of them multilaterals, own about half of the Public Development Banks (PBD) sector’s entire global assets and the most prominent of these financial institutions have also made sustainability commitments. It’s not just money that banks can put toward conservation, but policy support too, new report finds… Continue reading With USD 2.3 billion to spend, this is how public development banks can help biodiversity
Tag: investment
Two Indian banks linked to ecosystem destruction
Soumya Sarkar Although top global banks are bankrolling biodiversity loss and ecosystem destruction at an unprecedented scale, the finance sector has largely evaded scrutiny till now At least 50 global banks invested more than USD 2.6 trillion in 2019 alone in projects identified as drivers of biodiversity loss that include agriculture, forestry, mining, fossil fuels,… Continue reading Two Indian banks linked to ecosystem destruction
Uncertain future for Slovakia’s development funds
Dana Marekova The Slovak government does not seem to understand the difference between export promotion and development aid, as it proposes to lump the two under one institution, Eximbanka SR Despite the mounting concerns about blended finance, Slovakia’s export-credit agency (ECA) Eximbanka SR is about to join the club. The national parliament will vote on the new legislation in September,… Continue reading Uncertain future for Slovakia’s development funds
World Bank President Kim to Step Down before term completion
During his term, Kim emphasized that one of the greatest needs in the developing world is infrastructure finance, and he pushed the Bank Group to maximize finance for development by working with a new cadre of private sector partners committed to building sustainable, climate-smart infrastructure in developing countries.
Impact Investing – International Development’s New Holy Grail?
Jindra Cekan Admitting failure, posting failure reports are awfully rare in international development, but how bad is it? There are so many things I love about the private sector such as Forbes 18 Dec Quote of the Day: “You’re going to be wrong a fair amount of times. So the issue is, how do you be wrong… Continue reading Impact Investing – International Development’s New Holy Grail?
Every year, 5-7 trillion US$ or Japan’s entire GDP is needed for fulfilling SDGs
Developing and emerging economies are leading a quiet revolution to forge robust and sustainable financial systems for 21st century needs but who will foot the SDG bill? The first ever report on sustainable financial systems The Financial System we Need was released by the United Nations Environment Programme (UNEP) Inquiry. The report attempts to suggest a roadmap to improve the effectiveness of… Continue reading Every year, 5-7 trillion US$ or Japan’s entire GDP is needed for fulfilling SDGs
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