Standard Bank Group’s Post

China’s messaging at #FOCAC2024 is consistent with a push to normalise its anti-Western domestic narrative in Africa despite not living up to its pledges on development finance & investments: “This breaks the myth that “modernisation equals Westernization,” expands the path options for developing countries towards modernisation, and voices the common aspirations of the Global South.”

The reform of Multilateral Development Banks (MDBs) will take center stage at the second ministerial meeting of the G20 finance track, happening this week in Washington DC.   Finance Ministers and Central Bank Governors will address various topics, including how to transform and strengthen MDBs, both individually and as a system, to ensure they play a catalytic role in the 21st-century international financial architecture.   These discussions coincide with the 80th anniversary of the Bretton Woods institutions and the United Nations Summit of the Future, underscoring the need to intensify efforts to improve the representation and access of developing countries to MDB financing, as well as to bolster the financing capacity and development impact of the MDBs. Global governance reform is a priority for the Brazilian Presidency of the G20. Building on the groundwork laid by previous presidencies, we are collaboratively developing a G20 Roadmap for better, bigger, and more effective MDBs, in accordance with the mandate set by the G20 Leaders in 2023.   The photo illustrates moments of the process of drafting the Brazilian Presidency and the co-chairs of the International Financial Architecture working group note on the "Way forward for better, bigger and more effective MDBs". This note, along with the G20 note on Special Drawing Rights (SDR) channeling options, will inform discussions this week. #MDBs #BrettonWoods #UnitedNations #SummitoftheFuture #G20 #SDR #TripleAgenda #g20brasil2024

An upcoming study by IFC helps to better understand technological adoption and use by African businesses, the opportunities for growth, and the market potential for investors. More coming at the Africa CEO Forum 📖 #ACF2024

𝐅𝐃𝐈 𝐢𝐧 𝐂𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞: 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐄𝐌𝐃𝐄𝐬 𝐭𝐨 𝐀𝐭𝐭𝐫𝐚𝐜𝐭 𝐒𝐚𝐟𝐞 𝐚𝐧𝐝 𝐁𝐞𝐧𝐞𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 🌍💼 As emerging market and developing economies (#EMDEs) face daunting challenges in rebuilding, strengthening resilience, and tackling the climate crisis, they urgently need large volumes of foreign direct investment (#FDI). However, not all FDI is created equal - the quality and source of FDI can have significant implications. New #OECD data reveals that a sizable share of FDI in critical infrastructure in EMDEs is backed by foreign state-owned entities. This raises concerns about economic security and strategic independence, as such investments can create dependencies and compromise the integrity of crucial networks. The #G7 has recognized the need to assist EMDEs in developing better policies to attract more, better, and safe FDI. This includes helping them identify and manage the security implications of foreign state-backed investment, particularly in critical infrastructure. By supporting EMDEs in this endeavor, the international community can help unlock the transformative potential of FDI, while ensuring it aligns with the long-term interests of host countries and the global economy. Investing in policies that foster more, better, and safe FDI is a key step towards sustainable development and resilience in the face of global challenges.🌱🌐

🌍 The world is grappling with a triple crisis: economic insecurity, climate change, and stalled development. Yet, the policy agendas addressing these challenges often collide, rather than complement each other. Lowy Institute Indo-Pacific Development Centre Chell Lyons, Roland Rajah and Grace Stanhope propose the creation of a new Indo-Pacific multilateral bank to transform these tensions into opportunities. 💡 🔋 This bank would accelerate clean energy funding by mobilising public and private capital for projects in developing economies across the Indo-Pacific. 🔗 It would also strengthen multilateral economic security by diversifying green supply chains, reducing over-reliance on China. The benefits? 🌱 New industries, resilient markets, and stronger global cooperation. This is about building a more secure and sustainable future for both developing and advanced economies. 👇 Read the full Analysis: https://lnkd.in/g8tmp_fT #IndoPacific #ClimateAction #SustainableDevelopment #EconomicSecurity #GreenFinance #GlobalCooperation

This week, October 17, #ITUPartner UKRSIBBANK BNP Paribas Group will, for the second time, host its SUSTAINABLE Business Forum—a dialogue platform among representatives of banks, businesses, government structures and the public, which aims to facilitate finding joint solutions to overcome current environmental and social challenges. The forum program will cover three key blocks: Environment, Social and Governance. Discussion topics include:  🍀 Energy efficiency in Ukraine: challenges and solutions; 🍀 Concrete actions to support veterans and defenders of Ukraine; 🍀 Development of women’s entrepreneurship and implementation of sustainable economy principles; 🍀 Implementation of ESG criteria into business practices and corporate governance; & many others. The event will bring together representatives of banks, businesses, government structures and the public. Participants will have a place to share experiences, find new approaches and inspire each other to implement changes that will help in the recovery and reconstruction of our country. With prior registration, participation in the event is free: lnkd.in/eQtTfahZ

CEB is pleased to join The World Bank and numerous multilateral development banks (#MDBs) for the launch of the Global Collaborative Co-financing Platform at #SpringMeetings2024. This Platform will serve as a convening mechanism, bringing together #MDBs and other co-financiers, to curate and list projects seeking co-financing from across the portfolios of these institutions, and provide a forum to discuss common co-financing issues. Facilitating greater transparency, this digital tool will strengthen partner coordination, minimize aid fragmentation, and support ongoing efforts to harmonize policies. We look forward to working with other MDBs to tackle the most pressing development challenges the world is facing and advocating for the needs of the most vulnerable. Read more👉www.cofinancing.org #SpringMeetings2024

Interesting report on #EU_Competitiveness, with evidence of a look to the future... EU Commission report signed by #Mario_Draghi... 😉🇮🇹🇪🇺🇮🇹😉 Remember when he expressed himself on the EU policy implemented in the #CRMActs? Good...😏😉 Now the description on Competitiveness has been put down in black and white...😏⚖️😏 Interesting proposals on the recovery of #CRM from #waste and future ones regarding the #automotive sector...⚖️♻️⚖️ Read carefully the proposals on #waste_recovery and implementation of the use of #by_products... 🧐⚖️♻️⚖️🧐 I will briefly quote what is proposed regarding the implementation of #CRM strategies: SUMMARY TABLE – BEYOND #CRMA PROPOSALS ✒️1️⃣ Develop a comprehensive strategy at the EU level building on the #CRMA from #mining_to_recycling (TIME HORIZON - ST); ✒️2️⃣ Establish a dedicated #EU_Critical_Raw_Material_Platform to deliver on the EU strategy and leverage market power (TIME HORIZON - MT); ✒️3️⃣ Develop #financial_solutions supporting the #critical_raw_materials #value_chain (TIME HORIZON - ST/MT); ✒️4️⃣ Develop further critical raw materials resource diplomacy for securing #supply and diversification (TIME HORIZON - ST); ✒️5️⃣ Further develop joint strategies with other global buyers in the #G7_OECD (e.g. Japan) (TIME HORIZON - ST/MT); ✒️6️⃣ Further promote the untapped potential of #domestic_resources in the EU linked to #better_standards and #integration_with_industry at different levels of the value chain (TIME HORIZON - MT); ✒️7️⃣ Boost European excellence in research and innovation in alternative #materials or #processes to #substitute #critical_raw_materials in various applications (TIME HORIZON - MT); ✒️8️⃣ #Circularity: create a true #Single_Market for #waste_recycling in Europe (TIME HORIZON - ST); ✒️9️⃣ Accelerate the creation of a #sustainable_CRM_market in the EU (TIME HORIZON - ST/MT); ✒️🔟 Develop strategic #stockpiles for critical minerals in the EU (TIME HORIZON - ST); ✒️1️⃣1️⃣ Enhance #financial_market_transparency for critical minerals wholesale contracts in the EU (TIME HORIZON - ST). Full report here: ⤵️ https://lnkd.in/dPi3-TXT Good analysis to you all... ⚖️♻️⚖️

Amid disruptions to global trade and increased regionalisation, what opportunities and challenges are present for both the public and the private sector? A panel discussion called ‘Where Global Commerce Is Headed’ brought experts together to examine various scenarios at #WEF24. The panel comprised H.E. Adebayo Olawale Edun, Minister of Finance and Coordinating Minister for the Economy at the Federal Ministry of Finance of Nigeria; Rebeca Grynspan, Secretary-General of the United Nations Conference on Trade and Development (UNCTAD); Reta Jo Lewis, President of the Export-Import Bank of the United States; Marcelo Claure, Founder and CEO of Claure Group; and Jakob Stausholm, CEO of Rio Tinto. It was moderated by Simon Evenett, Founder of St. Gallen Endowment for Prosperity through Trade. One of the main highlights from the discussion was the requirement for finance to be directed towards key sectors of the economy to strengthen trade and support the global decarbonisation journey. Areas identified included supporting the development of eco-friendly technologies and solutions, and increased investment in renewables. #WEF24 World Economic Forum

💡Global and regional #connectivity is more important than ever before. But can multilateralism and regionalism effectively work together? ❓These and other questions will be discussed with experts at the Sustainable Global Capital Annual Summit #SGC24. Join us and discuss the future of the European financial system on 4 September 2024! Register now! 👉 Read more here: https://lnkd.in/ebku5ieN Join us on 4 September, with Frank Scheidig | Marcus Pratsch | Adam Cotter | David Marques Pereira | DZ BANK AG | Darius Maleki and many more ! #sustainable #global #capital #conference #sgc2024 #finance #climatechange #sustainablefinance