To progress towards meeting the Sustainable Development Goals, multilateral development banks help mitigate risk and pave the way for other investors to enter new markets. … [Read more...] about Mobilizing private finance towards development
Over two years ago citizens of the United Kingdom voted to leave the European Union, a decision which has been playing out on the global stage ever since . While the Brexit referendum unleashed a wave of uncertainty that seems to be growing as negotiations continue, other public votes such as the referendum to expand the Panama Canal, have had the opposite effect. … [Read more...] about Unleashing certainty: The catalytic effects of the Panama Canal expansion
A new private sector In his recent annual letter to CEOs, Larry Fink, the founder and CEO of the investment firm BlackRock, called on companies to incorporate both profit and purpose into their business strategies. “Society is demanding that companies, both public and private, serve a social purpose. To prosper over time, every company must not only deliver financial … [Read more...] about Development Effectiveness: Adding Value beyond Financing
Small and medium-sized enterprises (SMEs) are an essential part of a dynamic and healthy economy. Their increase in number and growth advances competition and strengthens the entrepreneurial ecosystem, with a positive and significant impact on innovation and aggregate productivity. SMEs represent close to 90% of the companies in a typical Latin American or Caribbean country and … [Read more...] about SMEs and the Challenge to Export
Tourism is one of the world’s largest industries, particularly in terms of employment. This industry generates one out of every 11 jobs in the world, represents 10% of gross domestic product (GDP) worldwide, and 7% of exports, according to the World Tourism Organization. International arrivals around the world grew from 25 million in 1950 to more than one billion in the last … [Read more...] about Tourism development through PPPs: An opportunity to generate employment in Latin America and the Caribbean?