Trade & Investment

Investment to Make Africa a World leader in Renewables

Africa, where close to half of its 1.2 billion people have access to electricity, is set to become a world leader in renewable energy. As global business and development leaders met in Johannesburg, South Africa, to attend the Africa Investment Forum (AIF), one of the key focuses of the deals being discussed was around sustainable, renewable energy.

Mo Money Mo Solutions – the African Development Bank’s Ready to Double Investment Across the Continent

Buses carrying cross-border traders and goods from Cotonou in Benin to Bamako in Mali have recently been using the Lomé route — travelling through the capital of Togo and then getting onto the Ouagadougou corridor on their way to the Malian capital.

Trade Liberalization for Development?

The International Monetary Fund (IMF), the World Bank and the World Trade Organization (WTO), all dominated by rich countries, have long promoted trade liberalization as a ‘win-win’ solution for “all people—rich and poor—and all countries—developed and developing countries”, arguing that “the gains are large enough to enable compensation to be provided to the losers”.

Going with the Wind: Transition to Clean Energy in Latin America & the Caribbean

The UN Climate Action Summit 2019, which took place in the days leading up to the 74th UN General Assembly, delivered new pathways and practical actions for governments and private sector to intensify climate action.

African Development Bank Group’s Board of Governors to hold fifth extraordinary meeting in Abidjan

The Board of Governors of the African Development Bank will hold its fifth extraordinary meeting on Thursday, 31 October 2019, at the Sofitel Abidjan, Hotel Ivoire. During the meeting, the Bank’s shareholders will make signification decisions, and a major announcement is expected.

If India Stopped Growing, Would the IMF and World Bank Say So?

Leading economic indicators have slowed or reversed. Criticisms of official statistics are mounting. But the IMF and World Bank continue to forecast 6-percent growth by simple extrapolation.

UN Turns to Global Investors for Billions Needed for its 2030 Development Agenda

A Republican US Senator of a bygone era was once quoted as saying “a billion here, a billion there, and pretty soon you're talking about real money.”

Industrial Policy Still Relevant

Industrial policy refers to the promotion of new investments and technology by governments to encourage the growth and development of specific economic sectors. However, scepticism persists about the feasibility and desirability of using industrial policy, especially of the ability to ‘pick winners’, often accused of leading to ‘propping-up failing industries’.

Development Banks Needed to Finance Sustainable Development

Public or state development banking will be vital to achieving the Sustainable Development Goals, argues UNCTAD’s Trade and Development Report 2019 (TDR 2019). Ongoing World Bank led efforts seek to leverage private finance via shadow banking by using public money to guarantee handsome returns managed by giant investment houses. Such financialization introduce new costs and risks to financing investments for sustainable development, decent work and renewable energy.

African Development Bank and Three Regional Development Banks Launch Joint Report on Livable Cities

Rapid urbanization has provided most cities in the world with opportunities to provide more sustainable, vibrant, and prosperous centers for their citizens. But they must first address challenges such as inadequate infrastructure investments, pollution and congestion, and poor urban planning, according to a new report released today.

Africa’s Investment Drive Gathers Pace

Headwinds are blowing amid IMF warnings of a “synchronised slowdown” in global economic growth, yet Africa’s investment drive is still gathering pace, supported by intense international competition in development finance.

2019 Africa Investment Forum: African Development Bank and partners gear up for new heights

In just a few weeks, the second edition of the annual Africa Investment Forum will kick off in Johannesburg, South Africa, with development finance institutions determined to tackle the continent’s infrastructure investment challenges and advance Africa’s economic transformation agenda.

OECD Tax Reform Proposal Could Be Better

The OECD Secretariat published its proposed ‘unified approach’ to reform international tax rules to address tax challenges posed by digitalization on 9 October 2019. Under current rules, there is little chance of a company being taxed without its physical presence in the country concerned. But digitalization enables many businesses to remotely conduct economic activities affecting a national economy without a direct physical presence.

Global Climate Change Investment Heavily Tilted Towards Mitigation and Low on Adaptation

Good news: the graph depicting climate investments has been steadily increasing. Climbing from the 2012 figure of $360 billion in climate investments across the world to close to $600 billion currently.

Africa’s Mineral Wealth May Just have to Stay in the Ground to Protect a Changing Climate

As a result of climate change, resource extraction industries in Africa will be impacted by asset stranding, researchers say.

The Rise of Phantom Investments

According to official statistics, Luxembourg, a country of 600,000 people, hosts as much foreign direct investment (FDI) as the United States and much more than China. Luxembourg’s $4 trillion in FDI comes out to $6.6 million a person.

Getting out of a Jam in Dhaka

Bangladesh’s capital has some of the worst traffic in the world. But hope is on the way in the shape of a new mass rapid transit system.

Countercyclical Fiscal Policy Needed to Counter Global Economic Downturn

A conjuncture of developments, short- and medium-term, have conspired to further slow the world economy. In recent months, the International Monetary Fund (IMF), among others, has acknowledged that global economic prospects are worsening, forcing it to make not one, but at least five consecutive growth forecast revisions, all downward.

Investments to Cushion African Countries against Climate Shocks Not Enough

African Development Bank (AfDB) President Akinwumi Adesina unveiled millions of dollars of new pledges at the United Nations this week amid growing fears of climate change ravaging the continent and derailing anti-poverty targets.

Africa’s Industrial Development: Turning Challenges into Opportunities

When world leaders gathered in New York for the 70th session of the General Assembly back in 2016, and proclaimed the period 2016-2025 as the Third Industrial Development Decade for Africa (IDDA III), it reaffirmed the importance of industrialization in supporting Africa’s own efforts towards sustained, inclusive and sustainable economic growth and accelerated development.

World’s Hard Fought Battle Against Climate Change

UN Secretary-General Antonio Guterres describes the ongoing crisis as a “climate emergency”-- as the world continues its hard fought battle against devastating droughts, floods, hurricanes and rising sea levels that threaten the very existence of small island developing states located in low-lying areas.

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