Awards
Global Finance Names The 2020 World’s Best Sub-custodian Bank
Announcingthe 2020 winners ofGlobal Finance'sBest Sub-custodianawards.
Author: GFMag.com Admin
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Emerging & Frontier Markets
Emerging Markets Hot Spots 2020
Our map reveals at a glance the hottest emerging markets of the past year, as determined by an algorithm incorporating economic growth, investment inflows andcompetitiveness. With data tables and Top 10 rankings across multiple vectors.
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Adaptation and Changing Culture to Meet Sustainability Goals
African governments are developing ambitious adaptation policies aligned with society development goals, and an enabling environment for finance and investment. There has been an increase in framework and climate change laws across Africa, including in Kenya, Egypt, Nigeria, Benin, Uganda and South Africa.
Awards
Global Finance Names The 2020 World’s Best Innovators
Announcingthe 2020 winners ofGlobal Finance'sBest Innovator awards.
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Africas Current State of Play and Opportunities
Africa offers a huge opportunity for positive climate change action and sustainability if done sensibly and collectively. The continent has experienced significant losses and damages attributable to climate change, including drought, biodiversity loss, lower food production, weaker economic growth, and loss of lives. These impacts will exacerbate if global warming is above target but limiting global warming to 1.5°C or below would significantly reduce damages to African economies, agriculture, health, and ecosystems. The African population is heavily exposed to climate impacted sectors with over one-half of the workforce employed in agriculture.
Supplement
Middle East Supplement 2020
The impact of COVID-19 and the 50% drop in oil prices since the pandemic struck will challenge all of the economies in the Middle East region. Travel restrictions and a simultaneous drop in domestic and external demand are hitting the region hard. There are bright spots, nonetheless, and reasons to expect this part of the world to remain resilient, with help from strong foreign exchange reserves in the big oil-producing countries.
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The Role of Banks & Financial Products in Reducing Environmental Impact
Banks have a vital role in supporting the global transition of the economy to net-zero emissions. Banks stress the need for institutional capacity development, along with regulatory and other policy reforms, to support and accelerate climate finance from domestic and external sources, both public and private, for climate resilience in Africa.