"I believe the time is ripe for a re-evaluation of borrowing strategies by Caribbean governments," writes DeLisle Worrell, BWC member and former governor of the Central Bank of Barbados, in Good and Bad Debt, this month's issue of his newsletter. delisleworrell.com/Good%20and%20B
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Bretton Woods Committee’s Tweets
We've issued a guarantee of $240 million to bolster financing for climate projects and road infrastructure in #Colombia.
Our guarantee will promote #cleanenergy and improve connectivity in #Colombia. 🇨🇴
👉 Find out more: wrld.bg/bfHl50MFPyu
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At the International Financial Markets conference Alfred Kammer praised Europe’s economic resilience, citing the recent sharp decline in natural gas prices as a positive development.
Read the remarks: bit.ly/40sEOGb
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The 2nd Dakar Financing Summit for Africa’s Infrastructure Development began on Wednesday, with 69 projects worth over 160 billion USD presented. The is the lead financier on the projects and hopes to have them completed by 2030.
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Our commitment to do our part in the fight against climate change is steadfast. Today’s decision on stronger tilting of our corporate bond holdings towards firms with a better climate performance supports the decarbonisation of our portfolio in line with the Paris agreement. twitter.com/ecb/status/162
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📌Good news: Fertilizer prices have dropped by more than 40% since they peaked last spring.
Read the latest edition 🆕 of Market Monitor to know more: bit.ly/3JAxRx5
#WTOAg
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In Southeast Asia, a digital finance boom and rise of embedded finance will serve a large population of previously unbanked and underbanked businesses, improving accessibility and convenience. #fintech
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France is making progress on reforms and further moves could bring the budget closer to balance and set debt ratios on a downward path.
🔗 bit.ly/3wNPcL8
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#KnowyourIFIs: the was established in 1959 and is a leading source of financial and technical support for development projects in Latin America and the Caribbean. Learn more about their work and institutional strategies on their website:
bit.ly/3HqsRZ3
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Pleasure to meet w/ PM 's business liaison team on need for enhanced 🇺🇸🇬🇧 trade, investment & competitiveness in the face of shared threats + need to drive global leadership in innovation & R&D. Also underlined importance of staying aligned on Ukraine.
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In #Rwanda, IDA is proud to work with our partners to build skills, preserve biodiversity and support #FoodSecurity. #IDAworks twitter.com/UNBiodiversity
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From the : The IMF recently updated their global growth forecast to show significant improvement in the world economy, despite previous concerns of a recession.
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#Mauritania once only had high-cost + low-quality Internet services. But that has changed with 1700 km of new fiber optic cable & legal/regulatory support. worked with the govt. & partners to make broadband more accessible + affordable: wrld.bg/19ZK50MyjBT #IDAworks
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Member Monday: today we also welcome new member . Crown Agents reduces friction for payments through emerging markets so more money gets to those who need it. We appreciate their support for our mission and look forward to their engagement!
Member Monday: we welcome new member United Overseas Bank, the third largest bank in Southeast Asia. UOB provides commercial, corporate, and personal banking; and more. We appreciate their support for our mission, and we look forward to their engagement!
If true, great news!
The sooner the better.
IMF shouldn’t wrap itself up in rules & precedents in this case. Just do it. Fair for IMF to ask major creditors for some comfort. twitter.com/EMPosts/status
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During this week's Africa Food Summit, The and announced the launch of the “Mission 1 for 200” initiative, which aims to increase productivity in the food and agriculture sectors.
BWC would like to invite all of its members to respond to our latest Blog Call: Lessons Learned in the Aftermath of the FTX Collapse. Submission details can be found on our website: brettonwoods.org/page/blog-calls
IMF President discussed climate financing initiatives with leaders in Africa on Wednesday, affirming the IMF’S support for financing climate policies in developing countries through the new Resilience and Sustainability Facility.
In Niger, recurrent severe droughts can force households to reduce meals, sell assets, or take their children out of school. Learn about a pilot program to rapidly distribute cash to affected households:
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In the dry #Sahel region of West Africa, pay-as-you-go solar irrigation systems facilitated by -backed are helping small-scale farmers be more resilient: wrld.bg/zx2q50MA9tJ
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Bill Dudley, BWC Chair, today for : "To derive the greatest benefit from blockchain technology, regulators should intervene and crack down on scams, protect investors, and ensure market integrity." A more proactive approach could maximize benefits.
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We will remain agile in #Ukraine in 2023, responding to changing circumstances and making adjustments according to the country's needs as we did in 2022.
One area where we will be expanding our work will be municipalities, including those in de-occupied zones. twitter.com/EBRD/status/16
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#KnowyourIFIs: The International Development Association supports the development of the world’s poorest countries through concessional loans and grants. Learn more about the IDA's specific achievements on their website:
bit.ly/3JaTi7H
In #Burundi, two programs are serving a wholesome, hot meal to children while in school to boost nutrition as well as student retention — a step in the right direction for #EducationTurnaround: wrld.bg/KAyi50MypcJ
#EducationDay
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In Yemen, where power outages are common amid #conflict, IDA is teaming up with partners to install #solar power systems in schools and homes. How #IDAworks to build and protect #HumanCapital: wrld.bg/lvlq50My7nQ #EducationDay
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IMF Managing Director and U.S. Treasury Secretary Janet Yellen visit Zambia this week, calling for the country’s creditors to restructure its debt in hopes of spurring economic growth.
Russian invasion has forced a third of Ukrainians to leave their homes.
helped renovate a dormitory in the Kyiv region to offer new accommodations to people whose homes were damaged.
Watch the video to see the results of the construction works: wrld.bg/4sU350MweGW
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Another new member at BWC: DeAnne Julius, Senior Adviser, and Distinguished Fellow, Global Economy and Finance Programme. DeAnne is an expert on global economic issues and international relations. We appreciate her support, and we look forward to her engagement!
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BWC new member spotlight: Mark Evans, Country Head Singapore and Head of South East Asia, India & Middle East. Mark brings expertise in cash management, trade finance, and supply chain finance. We appreciate his support for our mission and look forward to his engagement!
A taste of the #cleanenergy future? Thriving wine vineyards in southwest #Poland open new markets and increase investment in a former #coal region. wrld.bg/7hii50Mw6Qy
#JustTransition #ReThinkingEnergy
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Rice farmers in rural #Zambia typically have no income when rice season is over or during periods of drought. Find out how a project is changing farmers’ lives in rural Zambia: wrld.bg/sWj150MvJUh
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This past week, the World Economic Forum's Annual Meeting took place in Davos, Switzerland, where global economic leaders discussed issues under the theme ‘Cooperation in a Fragmented World.’ Read more about Davos and its outcomes on the website:
A new strategy in #Slovakia supports #HumanCapital of marginalized Roma communities through inclusion in education, employment, access to healthcare & housing & fighting anti-Roma racism & supporting participation. Learn how is supporting this:
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BWC Advisory Council member Minouche Shafik will become the 20th president of on July 1, 2023.
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BWC member Pierre Viaud appears in the next, February issue of Défense Nationale. “Uncontrolled displacements of populations... are reversible thanks to a coordinated action of world governance, in particular through the IFIs resulting from the Bretton Woods treaty," he writes.
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Découvrez le sommaire (et les abstracts) du prochain numéro « Pour une stratégie d'#influence », disponible à partir du 5 janvier !
fr.calameo.com/read/000558115
