How can industries transform to drive growth amid global fragmentation? Watch our panel discussion with Aleksi Aleksishvili (PMCG), Daouda Sembene (AfriCatalyst), and Chris Papageorgiou (IMF), with Bloomberg LP's Lisa Abramowicz moderating. November 18, 9:30 AM ET. Our report is also available for download here: https://www.imf.org/en/Publications/Departmental-Papers-Policy-Papers/Issues/2024/07/20/Economic-Diversification-in-Developing-Countries-Lessons-from-Country-Experiences-with-532135
Published: 11th Nov 2024 02:41:03 By: IMF
IMF Video: COP29 Event – Measuring Climate Risks for Smarter Adaptation and Mitigation Solutions
As extreme weather events like floods, droughts, wildfires, and heatwaves become more frequent and severe and as transition risks associated with shifting to a low-carbon economy increase, it is crucial to understand their impact on people, infrastructure, financial markets, and economies. To create effective climate policies, we need timely and thorough risk assessments that look ahead. This joint session with the World Bank will focus on global efforts to build an internationally accepted framework for measuring both physical and transition risks of climate change. Panelists will discuss how these risk indicators can help assess countries' vulnerabilities and guide the development of stronger, more resilient policies and adaptation strategies.
Panelists
Shahin Mahmuzade
Executive Director Central Bank, Azerbaijian
Jadwiga Massinga
National Director of Climate Change Ministry of Land and Environment, Mozambique
Stephane Hallegatte
Senior Climate Change Adviser, World Bank
Alessandra Alfieri
Assistant Director of Statistics Department, IMF
Moderator: Professor Matthew Agarwala, Bennett Chair in Sustainable Finance at the Bennett Institute for Innovation and Policy Acceleration, University of Sussex Business School
Published: 16th Nov 2024 07:04:08 By: IMF
IMF Video: 2024 Mundell-Fleming Lecture: Do Cash Transfers Stimulate the Macroeconomy?
Join us as Stanford University's Valerie Ramey delivers the 2024 Mundell-Fleming Lecture: 'Do Cash Transfers Stimulate the Macroeconomy?' at the Annual Research Conference. November 15 at 1:30 PM ET. https://www.imf.org/en/News/Seminars/Conferences/2024/11/14/2024-jacques-polak-annual-research-conference
Published: 16th Nov 2024 08:34:28 By: IMF
IMF Video: Regional Economic Outlook for Europe | November 2024
Europe’s economy is falling short of its full potential. Find out how Europe can shift its economies into a higher gear to bring growth back on track.
Find out more in our Regional Economic Outlook report here: https://www.imf.org/en/Publications/REO/EU/Issues/2024/10/24/regional-economic-outlook-Europe-october-2024?cid=wp-com-AM2024-REOEUREA2024002
Published: 15th Nov 2024 07:55:41 By: IMF
IMF Video: COP29 Event – The Pioneering Role of IMF’s Resilience and Sustainability Trust in Climate Action
The IMF’s Resilience and Sustainability Trust was established in 2022 to help low-income and vulnerable middle-income member countries build resilience to external shocks. Its lending facility, the Resilience and Sustainability Facility (RSF), provides countries affordable longer-term financing to address enduring structural challenges, including from climate change and pandemics. To date, the Fund has approved 20 arrangements with total commitments of more than $9.5 billion. While most arrangements are still less than a year old, an early assessment of the RSF indicates a positive impact on the progression of reforms. In this event, panelists will discuss how specific countries benefited from the RSF and the lessons learned in the process, and will talk in more detail about policy reforms on climate adaptation and mitigation that are already bearing fruit.
Panelists
Bo Li
Deputy Managing Director, IMF
Franz Tattenbach
Minister of Environment and Energy of Costa Rica
Samba Thiam
Ambassador and High-Level Coordinator for Mauritania’s RST Program
Moderator: Simon Jessop, Reuters
Published: 15th Nov 2024 07:32:16 By: IMF
World Economic Forum Video: What is Strategic Intelligence?
The World Economic Forum has developed its Strategic Intelligence capabilities to help make sense of the complex forces driving transformational change across economies, industries, and global issues.
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The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
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Published: 18th Nov 2024 03:05:55 By: World Economic Forum
World Economic Forum Video: AI Robot Zaps Weeds & Iceland's 4-Day Work Week | WEF | Top Stories of the Week
This week's top stories of the week include:
0:15 AI robot zaps weeds while saving crops – It’s called Concentrated Light Autonomous Weeding and Scouting or CLAWS for short. CLAWS uses AI-powered image processing to identify the crops, then targets weeds around the crop with blasts of concentrated light. This gets rid of unwanted intruders without damaging either crops or soil.
1:52 5 ways bioeconomy affects daily living – The bioeconomy uses renewable resources from land or sea to produce food, energy, and other resources. It focuses on leveraging nature's processes and products to create sustainable economic outputs. The bioeconomy is already a part of our daily lives, influencing various sectors and industries.
6:08 Iceland sees benefit of a 4-day work week – The Nordic nation of 380,000 is rolling out a new way of working. Between 2020 and 2022, 51% of Iceland’s workers accepted an offer of shorter hours, such as a 4-day week for no loss of pay. The shift has had a positive impact on work-life balance and personal stress, new research shows.
8:17 Restored Amazon ecosystems beat logging – Amazon Sacred Headwaters Alliance is fighting to safeguard 35 million hectares of rainforest through a collaboration between 30 Indigenous nations of the Amazon basin. There’s an economic case for protecting the Amazon, says Atossa Soltani, Director of Global Strategy, Amazon Sacred Headwaters Alliance.
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The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
World Economic Forum Website ► http://www.weforum.org/
Facebook ► https://www.facebook.com/worldeconomicforum/
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Published: 16th Nov 2024 01:01:09 By: World Economic Forum
World Economic Forum Video: CEO Climate Alliance Letter | Rich Lesser
'We're not on track for 1.5 degrees. We're not on track for 2 degrees. We're on track for 2.5-3 degree increases.' @BCG Global Chair @RichLesser on how #innovation could be one of the levers to help us stay ahead of escalating climate change.
In an open letter ahead of COP29, the Alliance of CEO Climate Leaders called for urgent action to combat climate change. Highlighting the critical role of collaborative leadership from business and government, the world's largest CEO-led climate community is advocating for ambitious policies and actions to spur investment, improve the business case for climate action and accelerate emissions reductions.
Read the full letter: wef.ch/COP29OpenLetter24
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
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Published: 14th Nov 2024 11:34:18 By: World Economic Forum
World Economic Forum Video: Finfluencer Advice Revolution & Start-Up Grows Veg in Supermarkets | WEF | Top Stories of the Week
This week's top stories of the week include:
0:15 Finfluencer financial advice revolution – A finfluencer is a content creator on social media who shares information on budgeting, saving and financial investments, among other topics. Finfluencers use blogs, podcasts or videos to get their message out. They help widen financial access to groups who didn’t have it before.
3:49 These vegetables grow in-store without soil – Instead of soil, they use plugs of rockwool, irrigated with nutrient-rich water in a method called hydroponics. They come in different sizes producing from 2,000 to 15,000 plants monthly. These farms have a tiny environmental footprint. The largest models can grow as much as a 3-hectare farm.
5:44 Telehealth platform empowers millions – Altibbi offers 24/7 access to online doctors along with accessible, up-to-date medical information. It offers a cheaper, more accessible alternative to in-person consultations but it also aims to ‘change the narrative’ around the patient-doctor relationship.
8:43 ‘Underwater tractors’ replant seagrass – They were created by Reefgen, an UpLink Top Innovator. The robot scoots over the seabed, steadily and carefully restoring the ecosystem. Reefgen’s technology aims to aid conservation efforts by augmenting the efforts of human restorers.
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The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
World Economic Forum Website ► http://www.weforum.org/
Facebook ► https://www.facebook.com/worldeconomicforum/
YouTube ► https://www.youtube.com/wef
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#WorldEconomicForum
Published: 9th Nov 2024 01:00:05 By: World Economic Forum
World Economic Forum Video: Meet the startup building the first commercial space station - and shaping how we'll live and wor...
Humans have learned to survive in space. But as Tejpaul Bhatia reminded Meet the Leader, it’s time to learn how to live, work and thrive. One step towards that goal is Axiom Station, the first commercial space station. With the International Space Station due to be decommissioned, he explains how Axiom Station will build on decades of lessons learned for a future-ready station factoring in principles of ergonomic and industrial design, a station planned to adapt to new technologies and needs. And while it employs its share of former astronauts and rocket scientists, this unique company also designs space suits - like the one for the upcoming Artemis moon mission set for 2026. This means it also counts sewers and costumers from places like Cirque du Soleil on its team – people who understand performance fabrics and who have the skill sets to hand sew parts of uniforms that can’t be tackled with a machine. He’ll share how this incredibly diverse group works together and how learning how to tap such a range of capabilities is a window into the unique pioneering collaborations that will drive the space economy. To learn more: Axiom Space: https://www.axiomspace.com/ Report: Space: The $1.8 Trillion Opportunity for Global Economic Growth: https://www.weforum.org/publications/space-the-1-8-trillion-opportunity-for-global-economic-growth/ Related podcasts: This former astronaut shares what’s key to building strong, effective teams: https://www.weforum.org/podcasts/meet-the-leader/episodes/soichi-noguchi-astronaut-build-effective-teams/ From space to the ocean's depths - how a space CEO and explorer approaches risk: https://www.weforum.org/podcasts/meet-the-leader/episodes/dylan-taylor-voyager-space-risk-leadership/
Published: 8th Nov 2024 06:18:28 By: World Economic Forum
Business Video: Why New York’s new rental bill is a game-changer
Former Treasury Secretary Larry Summers tells CNN's Kate Bolduan that President-elect Trump's proposed economic agenda will lead to 'inflation shock' for Americans. #CNN #News
Published: 13th Nov 2024 03:57:15 By: CNN
Business Video: How Trump's second term could impact future interest rates
The Federal Reserve cut interest rates by a quarter point on the heels of the US presidential election earlier this week. It’s the second rate cut since the central bank began to lower borrowing costs in September, though the latest cut is smaller. #CNN #News
Published: 7th Nov 2024 07:36:49 By: CNN
Business Video: Trump is almost 2 billion in debt and the amount is growing
Former President Donald Trump's debt obligations currently amount to around $1.8 billion, and that amount is growing every month. CNN's Erica Hill speaks with Forbes senior editor Dan Alexander about Trump's financial situation. #CNN #News
Published: 1st Nov 2024 12:32:39 By: CNN
Business Video: Former CEO of Abercrombie & Fitch indicted on sex trafficking charges
Mike Jeffries, the former CEO of Abercrombie & Fitch, has been indicted on 16 federal counts of sex trafficking and international prostitution in New York, and is accused of leveraging “a network of employees, contractors and security professionals” while he led the retailer. #CNN #News
Mon, 18 Nov 2024 07:47:00 GMT Goldman Sachs predicts 3% inflation if universal tariff is implemented; Republicans likely to extend tax cuts; Fed may face rate cut challenges ...
Mon, 18 Nov 2024 04:06:21 GMT Does Trump’s reelection mean that the US labor resurgence is over? Not necessarily. It’s true that the new administration is preparing major attacks against workers and the labor movement. And many ...
Mon, 18 Nov 2024 03:12:00 GMT Goldman Sachs economists released an analysis that projected that President-elect Trump's tax cuts and deregulation will support growth, while broader tariffs could dampen the impact.
Thu, 14 Nov 2024 00:33:45 GMT The German economy, already in decline, could be about to lose 1% of GDP due to the trade tariffs, promised by US President-Elect Donald Trump. View on euronews ...
Sun, 10 Nov 2024 14:34:00 GMT National exit polls showed that President-elect Donald Trump broadened his base of support this election by appealing to the pocketbook concerns of Americans fatigued by higher prices and higher ...