Podcasts about ebrd

Following ICMA's Social Bonds Podcast Series in 2022/2023, this episode provides an update on the social bonds market: what types of projects issuers are funding these days, how investors are looking at social bonds, what the advantages of a portfolio approach in impact reporting are, and how ICMA's Harmonised Framework for Impact Reporting can help. Simone Utermarck, Senior Director, Sustainable Finance at ICMA talks to Malika Takhtayeva, Sustainable Fixed Income Lead at BNPP Asset Management, Charles Smith, Senior Funding Officer at the EBRD and Felix Grote, Head of Funding & Investor Relations at Council of Europe Development Bank.

Listen back to the launch of the latest EBRD's Regional Economic Prospects launched in May 2025 during the 34th EBRD Annual Meeting and Business Forum in London.The discussion covered the latest economic forecasts for the regions where the EBRD invests. The EBRD's Chief Economist, Beata Javorcik, and leading regional experts discussed the challenges confronting policymakers amidst rising geo-political tensions and intensifying pressures on government finances. Speakers: Jonathan Charles, Strategy Advisor Sergey Guriev, Dean, Professor of Economics, London Business School Beata Javorcik, Chief Economist, EBRD Lord Jim O'Neill of Gatley

Enerji Günlüğü Haber Bülteni:Türkiye'nin ve Dünyanın Enerji Gündemienerjigunlugu.net

Send us a text◆ What happened at the EBRD's Annual Meetings ◆ Romania's new president and the fiscal fright that awaits him ◆ Investors distracted from FIG by US corporatesGlobalCapital was on the ground at the European Bank for Reconstruction and Development's Annual Meetings in London this week. We reveal what was discussed and decided, from the bank's capital situation and US involvement, to its support for Ukraine and beyond.Meanwhile, Romania goes to the polls this weekend. Whoever wins the presidential election faces the challenge of bringing down a big deficit. As one of the emerging markets' biggest bond issuers, that may have repercussions for its credit.Finally, we looked at the interplay between two different parts of the credit markets this week as US corporate issuers' stole European banks' thunder. We look ahead to how this will affect issuance to come.

As the US lifts sanctions on Syria, Nada AlTaher joins to discuss Trump’s meeting with president Ahmed al-Sharaa. Plus: Macron’s marathon TV appearance, Estonia’s largest military exercise, remembering José Mujica and the EBRD forum. See omnystudio.com/listener for privacy information.

Mike Hicks' connection to investing in mid-market companies dates back to 1994, when he worked at the EBRD, contributing to the creation of the first private equity fund in Romania. After overseeing a joint venture between Creditanstalt Investment Bank and Advent International, he developed a keen interest in enhancing investor-management interactions, dedicating over 20 years to this pursuit.In 2010, Mike founded Catalysis, following several years of leading a similar practice at Grant Thornton. With the support of skilled colleagues, he has managed over 375 projects since the company's inception, Mike advocates the importance of coachability and partnership in navigating the complex landscape of mid-market firms.In this episode, Dominic explores the myths and realities of private equity as Mike dismantles common misconceptions about management and investment partnerships. Highlighting the nuanced dynamics between investors and business leaders, he explains that in smaller companies, collaboration often trumps the fear of management changes. Discover The Role of Private Equity in Business Growth: Private equity plays a crucial role in providing funding for businesses, particularly those lacking tangible assets for traditional bank loans, such as tech companies. It serves as an alternative to the UK's shrinking bank funding market by offering equity, facilitating business growth, and providing management teams a pathway to personal wealth.Misconceptions About Private Equity: Management teams often face misconceptions about private equity investment. Some assume operations will continue unchanged, while others fear losing control to investors. In truth, investors aim to add value and collaborate for improvements without seizing control of the business.Team and Organisational Alignment: Aligning the management team's capabilities with the business's needs is crucial. This match depends on the business model's complexity, market conditions, and growth goals. Businesses often require guidance to optimise their leadership teams to effectively meet these demands.Governance and Strategy in Management: Effective governance should balance strategy formulation and operational execution without overwhelming management. Boards should prioritise maintaining this balance to ensure alignment with value creation rather than focusing solely on financial oversight. Keeping boards small and focused helps avoid operational inefficiencies.Mistakes in Scaling Businesses with Private Equity: Common mistakes in scaling businesses post-private equity deal include neglecting due diligence insights, misunderstanding strategy, underestimating organisational inertia, confusing change activity with results, hastily making key personnel decisions, and suffering from unbalanced governance. Avoiding these pitfalls is essential for the success of private-equity-backed ventures.Higher Multiples with Demonstrated Scalability: Businesses that can demonstrate scalability, such as sustainable growth and robust operational capacity, are more likely to attract higher multiples and favourable responses from investors during deals, highlighting the importance of long-term strategic planning.Book recommendations:Rory Sutherland - Alchemy

Az örökös: 9/10 Rendesen megpörgeti a nézőt Mafab     2025-03-28 20:38:03     Film Spoiler Hű, ezt a filmet nagyon nem könnyű spoilerezés nélkül jellemezni. A tapasztalás fázisai a következők voltak nálam: Először egy képileg látványosan és profin elkészített filmet láttam indulni, amelynek a tempója hol dinamikus, hol lassú, szóval egyenetlen volt, de mégis élvezetes maradt. Eközben lassan épült fel a cselekmény és nem is nagyon lehetet Margot Robbie ruhájának hála mindenki az új Üvöltő szelek-filmről beszél in.hu     2025-03-29 07:41:03     Film Esküvő Margot Robbie Emerald Fennell Üvöltő szelek adaptációja, Margot Robbie főszereplésével készül, és máris rengeteg vitát kavart, annak ellenére, hogy a forgatás még javában zajlik.Érdekes, hogy az emberek mennyi figyelmet fordítanak a kosztümök történelmi hitelességére, különösen olyan részletekre, mint egy fehér esküvői ruha. Mivel az Üvöltő szelek a greorgián ko Pénteki olvasóklub: 7 könyv, ha imádod A Fehér Lótusz sorozatot Joy     2025-03-28 19:01:00     Könyv Fehér Lótusz A show negyedik évadjára sajnos még Nagyon sokat várnunk kell, szóval ha már most elvonási tüneteid vannak, ezek a regények segítenek majd átvészelni a következő hónapokat. Elhunyt Miske László Jászai Mari-díjas színművész kultura.hu     2025-03-29 09:45:03     Színpad Hajdú-Bihar Debrecen Színház Nemzeti Színház Jászai Mari-díj Elhunyt Miske László, a debreceni Csokonai Nemzeti Színház Jászai Mari-díjas színművésze – közölte a színház. Miske idén szeptemberben töltötte volna be kilencvenedik életévét. Büszke a legrosszabb magyar filmre Steiner Kristóf NLC     2025-03-29 07:07:07     Film Mozi Pamela Anderson Labancz Lilla Steiner Kristóf 16 éve már, hogy 2009 tavaszán a mozivásznakra került a sokak által csak minden idők egyik legrosszabb magyar filmjeként emlegetett Álom.net. Csakhogy azóta is akadnak rajongói. Félreértettük volna? Jó színésznő Labancz Lilla? És hogy kerül képbe Pamela Anderson? Az Álom.netről Steiner Kristóffal beszélgettünk. A legjobban várt 10 film idén nyáron Igényesférfi.hu     2025-03-29 05:34:30     Film Nyakunkon a blockbuster-szezon, így hát a Fandango felmérte, várhatóan mely szuperprodukciókra ül majd be a legtöbb néző a nyáron. Heti Klassz Grafitemberrel: Eszterházy-hétvége és pannonhalmi révület Telex     2025-03-29 06:33:02     Zene Hétvége Koncert Telex Pannonhalma Szellemi felüdülésre, idegi kikapcsolódásra vágyóknak néhány esemény, ahová szépen fel lehet öltözni – Grafitember heti szubjektív klasszikus zenei koncertajánlója a Telexen. Krasznahorkai László a világhírnév kapujában az Ebrd 10-es listáján Librarius     2025-03-29 08:48:01     Könyv Krasznahorkai László Krasznahorkai László, akit a világirodalomban a „komplex próza mestereként” is emlegetnek, ismét bizonyítja, hogy a magyar irodalom erős. Michael Caine rettegett Heath Ledgertől A sötét lovag forgatásán Hamu és Gyémánt     2025-03-29 10:11:01     Film Michael Caine Heath Ledger Az idén 92 éves színészlegenda, Michaeé Caine memoárjában meséli el, hogy milyen volt a Batman-trilógia forgatása, a visszaemlékezésében pedig arra is kitér, hogy mit gondol a tragikusan fiatalon elhunyt Heath Ledger színészi játékáról. Tavaly jelent meg Michael Caine Don't Look Back, You'll Trip Over: My Guide to Life (Ne nézz hátra, mert Jason Statham tíz legjobb filmje Player     2025-03-28 17:30:03     Film Mozi Jason Statham A szállító, a mestergyilkos, a kém, a méhész, a melós, és még sorolhatnánk a kőkeménységből filmes karriert kalapáló Jason Statham fiktív foglalkozásait. Emberünk a héten ismét a mozikban izmozik. Árpa Attila édesapja a barátnőjével jelent meg a díjátadón Story     2025-03-28 18:00:45     Bulvár Díjátadó Árpa Attila Árpa József olykor feltűnik a fia mellett nyilvános rendezvényeken, de rendszerint egyedül. Most kivételt tett. A további adásainkat keresd a podcast.hirstart.hu oldalunkon.

Az örökös: 9/10 Rendesen megpörgeti a nézőt Mafab     2025-03-28 20:38:03     Film Spoiler Hű, ezt a filmet nagyon nem könnyű spoilerezés nélkül jellemezni. A tapasztalás fázisai a következők voltak nálam: Először egy képileg látványosan és profin elkészített filmet láttam indulni, amelynek a tempója hol dinamikus, hol lassú, szóval egyenetlen volt, de mégis élvezetes maradt. Eközben lassan épült fel a cselekmény és nem is nagyon lehetet Margot Robbie ruhájának hála mindenki az új Üvöltő szelek-filmről beszél in.hu     2025-03-29 07:41:03     Film Esküvő Margot Robbie Emerald Fennell Üvöltő szelek adaptációja, Margot Robbie főszereplésével készül, és máris rengeteg vitát kavart, annak ellenére, hogy a forgatás még javában zajlik.Érdekes, hogy az emberek mennyi figyelmet fordítanak a kosztümök történelmi hitelességére, különösen olyan részletekre, mint egy fehér esküvői ruha. Mivel az Üvöltő szelek a greorgián ko Pénteki olvasóklub: 7 könyv, ha imádod A Fehér Lótusz sorozatot Joy     2025-03-28 19:01:00     Könyv Fehér Lótusz A show negyedik évadjára sajnos még Nagyon sokat várnunk kell, szóval ha már most elvonási tüneteid vannak, ezek a regények segítenek majd átvészelni a következő hónapokat. Elhunyt Miske László Jászai Mari-díjas színművész kultura.hu     2025-03-29 09:45:03     Színpad Hajdú-Bihar Debrecen Színház Nemzeti Színház Jászai Mari-díj Elhunyt Miske László, a debreceni Csokonai Nemzeti Színház Jászai Mari-díjas színművésze – közölte a színház. Miske idén szeptemberben töltötte volna be kilencvenedik életévét. Büszke a legrosszabb magyar filmre Steiner Kristóf NLC     2025-03-29 07:07:07     Film Mozi Pamela Anderson Labancz Lilla Steiner Kristóf 16 éve már, hogy 2009 tavaszán a mozivásznakra került a sokak által csak minden idők egyik legrosszabb magyar filmjeként emlegetett Álom.net. Csakhogy azóta is akadnak rajongói. Félreértettük volna? Jó színésznő Labancz Lilla? És hogy kerül képbe Pamela Anderson? Az Álom.netről Steiner Kristóffal beszélgettünk. A legjobban várt 10 film idén nyáron Igényesférfi.hu     2025-03-29 05:34:30     Film Nyakunkon a blockbuster-szezon, így hát a Fandango felmérte, várhatóan mely szuperprodukciókra ül majd be a legtöbb néző a nyáron. Heti Klassz Grafitemberrel: Eszterházy-hétvége és pannonhalmi révület Telex     2025-03-29 06:33:02     Zene Hétvége Koncert Telex Pannonhalma Szellemi felüdülésre, idegi kikapcsolódásra vágyóknak néhány esemény, ahová szépen fel lehet öltözni – Grafitember heti szubjektív klasszikus zenei koncertajánlója a Telexen. Krasznahorkai László a világhírnév kapujában az Ebrd 10-es listáján Librarius     2025-03-29 08:48:01     Könyv Krasznahorkai László Krasznahorkai László, akit a világirodalomban a „komplex próza mestereként” is emlegetnek, ismét bizonyítja, hogy a magyar irodalom erős. Michael Caine rettegett Heath Ledgertől A sötét lovag forgatásán Hamu és Gyémánt     2025-03-29 10:11:01     Film Michael Caine Heath Ledger Az idén 92 éves színészlegenda, Michaeé Caine memoárjában meséli el, hogy milyen volt a Batman-trilógia forgatása, a visszaemlékezésében pedig arra is kitér, hogy mit gondol a tragikusan fiatalon elhunyt Heath Ledger színészi játékáról. Tavaly jelent meg Michael Caine Don't Look Back, You'll Trip Over: My Guide to Life (Ne nézz hátra, mert Jason Statham tíz legjobb filmje Player     2025-03-28 17:30:03     Film Mozi Jason Statham A szállító, a mestergyilkos, a kém, a méhész, a melós, és még sorolhatnánk a kőkeménységből filmes karriert kalapáló Jason Statham fiktív foglalkozásait. Emberünk a héten ismét a mozikban izmozik. Árpa Attila édesapja a barátnőjével jelent meg a díjátadón Story     2025-03-28 18:00:45     Bulvár Díjátadó Árpa Attila Árpa József olykor feltűnik a fia mellett nyilvános rendezvényeken, de rendszerint egyedül. Most kivételt tett. A további adásainkat keresd a podcast.hirstart.hu oldalunkon.

Március 28-án történt kultura.hu     2025-03-28 00:02:00     Film Hajdú-Bihar Debrecen Színház Kaposvár Nemzeti Színház Jászai Mari-díj Vígszínház Nemzet Művésze Reviczky Gábor Szinkron 1949-ben ezen a napon született Reviczky Gábor Kossuth- és Jászai Mari-díjas színész, a nemzet művésze, aki a kaposvári Csiky Gergely Színháznál kezdte színészi pályáját, majd – többek között – a debreceni Csokonai Színház, a Vígszínház és a Nemzeti Színház tagja volt. Számos filmben és tévéjátékban szerepelt, de szinkronszínészként is népszerű: Ro Meghalt Tolnai Ottó 24.hu     2025-03-28 00:17:15     Könyv Kossuth-díj 84 éves korában meghalt Tolnai Ottó Kossuth-díjas író, költő, műfordító, a délvidéki magyar irodalom kiemelkedő alakja. A szent füge magja: A család szentsége Mafab     2025-03-28 05:39:02     Film Rendőrség Irán Vallás Az iráni teokrácia elnyomása, az ország története és ennek lecsapódása egy családra – ez a film központi szála. A francia finanszírozású film kendőzetlenül mutatja be a 2022-es teheráni állapotokat, miután a vallási rendőrség halálos sérüléseket okozott Mahsa Amininek, aki hidzsáb vagy fejet takaró fátyol nélkül mutatkozott nyilvánosan, amit az ors Tamás Menyhért halálával az egyik legkülönlegesebb hangú kortárs írónk távozott Librarius     2025-03-27 18:27:46     Könyv Tamás Menyhért lírai és prózai műveiben következetesen adta vissza a kitelepítések, szétszóratás, meg nem értettség fájdalmát. Véres alvilági trónviszály ihlette Robert De Niro új gengszterfilmjét Igényesférfi.hu     2025-03-28 04:04:39     Film USA Mozi Robert De Niro A kétszeres Oscar-díjas színészóriás új alvilági mozija, a The Alto Knights a közelmúltban debütált az amerikai filmszínházakban, de az első visszajelzések alapján alulteljesítette az elvárásokat. Akárhogy is, a jól csengő húzónevekkel fémjelzett gengszterfilm mögötti igaz történet több mint izgalmas. Befutott Leonardo DiCaprio következő filmjének első előzetese Player     2025-03-28 07:30:30     Film Leonardo Dicaprio Azt biztosan nem lehet elmondani Paul Thomas Andersonról, hogy futószalagon gyártaná a selejteket. A Boogie Nights, a Vérző olaj és a Licorice Pizza rendezőjének következő filmjében Leonardo DiCaprio egy agyalágyult forradalmárt játszik, akiről már az első trailerben lejön, hogy nem feltétlenül tudja, mit csinál. Gyászolnak a rajongók: meghalt a Star Wars-univerzum ikonikus alakja Blikk     2025-03-27 18:05:54     Film Star Wars Demencia Új-Zéland 94 éves korában meghalt Clive Revill új-zélandi színész, aki számos filmben és televíziós műsorban tette le a névjegyét. A Star Wars 5. etapjában, A Birodalom visszavág című 1980-as alkotásban ő kölcsönözte ha angját Palpatine nagyúrnak. Revill két héttel ezelőtt hunyt el, miután hosszú ideig demenciával küzdött. Molnár Piroska: "Úgy megyek haza, hogy már nem bírom tovább" Story     2025-03-28 06:00:36     Bulvár Molnár Piroska A zseniális színésznő sokszor bizonyította, hogy korát meghazudtoló munkabírása van. A teste már nem viseli olyan jól ezt a tempót, de a szíve rendületlenül viszi előre. Krasznahorkai László kötete is esélyes az Ebrd irodalmi díjára Fidelio     2025-03-28 09:45:00     Könyv Elismerés Krasznahorkai László A magyar szerző Herscht 07769 című művét Ottilie Mulzet ültette át angolra, a kötet most felkerült Európai Újjáépítési és Fejlesztési Bank elismerésének szűkített listájára. A döntősök kilétét áprilisban, a nyertest júniusban jelentik be. Bíró Szabolcs: A pusztulás dala Ekultura     2025-03-28 10:00:00     Könyv Immáron tíz éve olvasom a sorozatot, és csak reménykedni tudok, hogy még életben leszek, amikor megjelenik a befejező, tizenötödik kötet. Hát igen, vannak hátrányai, ha egy hosszú történetet Romkomot rendez Dobó Kata, de nem egyedül port.hu     2025-03-28 10:30:00     Film Dobó Kata A Még egy kívánság gyártására 1,19 milliárd forint támogatást szavazott meg a Nemzeti Filmintézet Filmszakmai Döntőbizottsága. A további adásainkat keresd a podcast.hirstart.hu oldalunkon.

Március 28-án történt kultura.hu     2025-03-28 00:02:00     Film Hajdú-Bihar Debrecen Színház Kaposvár Nemzeti Színház Jászai Mari-díj Vígszínház Nemzet Művésze Reviczky Gábor Szinkron 1949-ben ezen a napon született Reviczky Gábor Kossuth- és Jászai Mari-díjas színész, a nemzet művésze, aki a kaposvári Csiky Gergely Színháznál kezdte színészi pályáját, majd – többek között – a debreceni Csokonai Színház, a Vígszínház és a Nemzeti Színház tagja volt. Számos filmben és tévéjátékban szerepelt, de szinkronszínészként is népszerű: Ro Meghalt Tolnai Ottó 24.hu     2025-03-28 00:17:15     Könyv Kossuth-díj 84 éves korában meghalt Tolnai Ottó Kossuth-díjas író, költő, műfordító, a délvidéki magyar irodalom kiemelkedő alakja. A szent füge magja: A család szentsége Mafab     2025-03-28 05:39:02     Film Rendőrség Irán Vallás Az iráni teokrácia elnyomása, az ország története és ennek lecsapódása egy családra – ez a film központi szála. A francia finanszírozású film kendőzetlenül mutatja be a 2022-es teheráni állapotokat, miután a vallási rendőrség halálos sérüléseket okozott Mahsa Amininek, aki hidzsáb vagy fejet takaró fátyol nélkül mutatkozott nyilvánosan, amit az ors Tamás Menyhért halálával az egyik legkülönlegesebb hangú kortárs írónk távozott Librarius     2025-03-27 18:27:46     Könyv Tamás Menyhért lírai és prózai műveiben következetesen adta vissza a kitelepítések, szétszóratás, meg nem értettség fájdalmát. Véres alvilági trónviszály ihlette Robert De Niro új gengszterfilmjét Igényesférfi.hu     2025-03-28 04:04:39     Film USA Mozi Robert De Niro A kétszeres Oscar-díjas színészóriás új alvilági mozija, a The Alto Knights a közelmúltban debütált az amerikai filmszínházakban, de az első visszajelzések alapján alulteljesítette az elvárásokat. Akárhogy is, a jól csengő húzónevekkel fémjelzett gengszterfilm mögötti igaz történet több mint izgalmas. Befutott Leonardo DiCaprio következő filmjének első előzetese Player     2025-03-28 07:30:30     Film Leonardo Dicaprio Azt biztosan nem lehet elmondani Paul Thomas Andersonról, hogy futószalagon gyártaná a selejteket. A Boogie Nights, a Vérző olaj és a Licorice Pizza rendezőjének következő filmjében Leonardo DiCaprio egy agyalágyult forradalmárt játszik, akiről már az első trailerben lejön, hogy nem feltétlenül tudja, mit csinál. Gyászolnak a rajongók: meghalt a Star Wars-univerzum ikonikus alakja Blikk     2025-03-27 18:05:54     Film Star Wars Demencia Új-Zéland 94 éves korában meghalt Clive Revill új-zélandi színész, aki számos filmben és televíziós műsorban tette le a névjegyét. A Star Wars 5. etapjában, A Birodalom visszavág című 1980-as alkotásban ő kölcsönözte ha angját Palpatine nagyúrnak. Revill két héttel ezelőtt hunyt el, miután hosszú ideig demenciával küzdött. Molnár Piroska: "Úgy megyek haza, hogy már nem bírom tovább" Story     2025-03-28 06:00:36     Bulvár Molnár Piroska A zseniális színésznő sokszor bizonyította, hogy korát meghazudtoló munkabírása van. A teste már nem viseli olyan jól ezt a tempót, de a szíve rendületlenül viszi előre. Krasznahorkai László kötete is esélyes az Ebrd irodalmi díjára Fidelio     2025-03-28 09:45:00     Könyv Elismerés Krasznahorkai László A magyar szerző Herscht 07769 című művét Ottilie Mulzet ültette át angolra, a kötet most felkerült Európai Újjáépítési és Fejlesztési Bank elismerésének szűkített listájára. A döntősök kilétét áprilisban, a nyertest júniusban jelentik be. Bíró Szabolcs: A pusztulás dala Ekultura     2025-03-28 10:00:00     Könyv Immáron tíz éve olvasom a sorozatot, és csak reménykedni tudok, hogy még életben leszek, amikor megjelenik a befejező, tizenötödik kötet. Hát igen, vannak hátrányai, ha egy hosszú történetet Romkomot rendez Dobó Kata, de nem egyedül port.hu     2025-03-28 10:30:00     Film Dobó Kata A Még egy kívánság gyártására 1,19 milliárd forint támogatást szavazott meg a Nemzeti Filmintézet Filmszakmai Döntőbizottsága. A további adásainkat keresd a podcast.hirstart.hu oldalunkon.

Have you ever felt confined pumping or felt the need to seekout help to keep your milk supply up? Being a pumping and/or nursing mom can be extremely hard,but with the right support you can truly thrive and flourish. In this segment, Ece Filiz shares her journey and how she went about unlocking freedom for pumping moms to ensure you are equipped with essential items.   WHO IS ECE?Ece Filiz is the founder and CEO of Idaho Jones, a brand dedicated to making the breastfeeding journey simpler, more organized, and more comfortable for moms. Before that, Ece was part of the Corporate Strategy team atthe European Bank for Reconstruction and Development (EBRD), where she enhanced the Bank's planning and performance measurement processes, introduced scenario planning as a strategic tool, and identified new investment and policy engagement opportunities. She also worked on the EBRD's fund of funds team, leading and managing investments into private equity funds across Eastern Europe and North Africa. Ece began her career as a Financial Analyst in J.P. Morgan'sMergers & Acquisitions department. She holds a B.A. in economics and Public Policy from the University of Chicago. Ece has two young daughters and lives in London with herfamily. Her passion for helping moms navigate breastfeeding challenges is the driving force behind Idaho Jones.   ECE'S CALL TO ACTION & CONTACT INFOTo learn more about Ece's brand and how Idaho Jones is helping to simplify life for breastfeeding moms everywhere, head over to idaho-jones.com. You'll find thoughtfully designed pumping bags, bras, and more—plus plenty of resources to help you navigate your breastfeeding journey with a little calmer and confidence. https://www.instagram.com/idaho_jones/https://www.linkedin.com/in/ece-filiz-b712451b/   GENESIS'S CALL TO ACTIONSubscribe / Follow GEMS with Genesis Amaris Kemp podcast on audio platform & YouTube channel, Hit the notifications bell so you don't miss any content, and share with family/friends.  GENESIS'S INFOhttps://genesisamariskemp.net/genesisamariskemp

On this episode Pat sits down with Alexis Pantazis, Co-Founder and Co-CEO of European insurtech Hellas Direct to dive into the insurtech playbook, succeeding in smaller yet profitable markets in Southern and Eastern Europe, and how to go about vertical integration as a moat to build maximum value for consumers. To date Hellas has raised more than $85M from the likes of5G Ventures S.A | Phaistos Investment Fund,Portage ,ETF Partners - The Environmental Technologies Fund ,IFC - International Finance Corporation,EBRD,Convex Insurance andEndeavor Catalyst and since its founding has expanded to Romania and further grown their insurance offering through vertical integration.You will learn about- The Insurtech playbook on going direct to the customer but also through brokers- How to go about expansion from smaller markets and under penetrated segments that in aggregate have significant value creation potential - How Greece made their way out of the slump and are now one of the best performing and dynamic economies in EuropeYou can find Alexis on LinkedInhere.Want to stay up-to-date on latest episodes?Follow The Enthusiast wherever you are getting your podcasts and make sure to check out our newsletter on LinkedInhere to stay up to date on our latest episodes with founders and investors beyond the Valley.Follow Pat on LinkedInhere.

In this episode, we are joined by Dr. Leila Alieva, a distinguished expert in Russia-West relations and the political economy of energy transition. Dr. Alieva focuses on the influence of soft power, sharing her insights on the evolving dynamics of international politics, energy security, and democratisation in resource-rich states. Dr. Leila Alieva is an Associate of Russian and East European Studies (REES) at the Oxford University School for Global and Area Studies. She also teaches a course on the Political Economy of Energy Transition at Oxford's Department of Continued Education and is currently working with Friends of Europe. Originally from Azerbaijan, Dr. Alieva founded the Center for National and International Studies, a think tank in Baku, but was forced to leave her home country during the 2014 government crackdown on activists, journalists, and scholars. Dr. Alieva's extensive academic experience includes fellowships at Harvard University, UC Berkeley, and the Woodrow Wilson Center's Kennan Institute. She has also held roles at the NATO Defense College in Rome, the Robert Bosch Academy in Berlin, and the Institute Fur Kulturwissenschaften in Vienna. Dr. Alieva has advised major international organizations such as EBRD, BP, and NATO's Partnership for Peace Consortium. Her research, published in prestigious outlets including Oxford University Press and the Journal of Democracy, spans Russia, the Caucasus, and energy politics, with a focus on democratization in oil-rich states.The International Risk Podcast is a weekly podcast for senior executives, board members, and risk advisors. In these podcasts, we speak with experts in a variety of fields to explore international relations. Our host is Dominic Bowen, Head of Strategic Advisory at one of Europe's leading risk consulting firms. Dominic is a regular public and corporate event speaker, and visiting lecturer at several universities. Having spent the last 20 years successfully establishing large and complex operations in the world's highest-risk areas and conflict zones, Dominic now joins you to speak with exciting guests around the world to discuss international risk.Follow us on LinkedIn and Twitter for the latest updates and thought-provoking discussions!Tell us what you liked!

Enerji Günlüğü Haber Bülteni:Türkiye'nin ve Dünyanın Enerji Gündemienerjigunlugu.net

Listen to the discussion on the industrial policy at the launch of the EBRD Transition Report, moderated by Richard Porter, EBRD Managing Director of Communications. It featured:   Joseph Stiglitz, Nobel laureate in economics and Professor at Columbia University  Rana Foroohar, global business columnist and associate editor at the Financial Times Jeromin Zettelmeyer, Director of Bruegel, the European Union's economic think tank Beata Javorcik, EBRD Chief Economist   The Transition Report report takes an extensive look at industrial policies in the EBRD regions and beyond. Such policies, which are aimed at changing the sectoral composition of production in an economy, have seen a resurgence in recent years, seeking to address increasingly pressing market failures such as environmental degradation.   Their track record is mixed, with their growing popularity being shaped primarily by domestic political economy considerations and rising geopolitical tensions. While industrial policies are typically employed by higher-income economies, they are also being seen more frequently in economies with less administrative and fiscal capacity to implement them. Read it here: https://2024.tr-ebrd.com

Biography of George Kremlis : George Kremlis is the Chairman of the Greek Initiative at UN level on protecting cultural and natural heritage from climate change impacts. He is a member of the Board of the European Public Law Organisation and the Director of its climate and circular economy Institute. He is as well the Ambassador of the EPLO to Bulgaria. He was until recently a member of the environmental and social advisory council of the EBRD and is also currently the Chair of the Bureau of the Espoo Convention, Chair of the MOPs in 2019,  elected Chair for the MOPs in December 2020 and re-elected Chair for the period 2021-2023 and the period up to 2027. He is the Chairman of the AmCham circular economy committee. George Kremlis is Honorary Director of the European Commission (EC) and has acted in this capacity as Active Senior responsible for circular economy in the islands. He was until recently special Advisor to the Greek Prime Minister on energy, climate, environment and circular economy issues. He is doctor honoris causa of the Varna Free University.

Enerji Günlüğü Haber Bülteni:Türkiye'nin ve Dünyanın Enerji Gündemienerjigunlugu.net

Japan's Environment Ministry and the European Bank for Reconstruction and Development on Thursday concluded a memorandum of understanding to support the reconstruction of Ukraine with a focus on decarbonization in urban development.

The Supreme Constitutional Court ruled on Saturday that the 7% flat rate in the Old Rental Law for residential properties is unconstitutional and called on the Egyptian parliament to amend the law.The US Federal Reserve cut interest rates for the second time, this time by 25 bps, bringing them to 4.5%-4.75%.The Oil Ministry launched the Sustainable Aviation Fuel Production Company, which will invest USD530 million to develop production facilities and integrate the facility with other petroleum companies in Alexandria governorate. US multinational conglomerate Honeywell has finished its feasibility study with the European Bank of Reconstruction and Development for SAF production in Egypt, according to a statement from the Ministry.Emirati oil and gas giant Dana Gas is waiting for USD24 million out of a total USD59 million of outstanding dues owed by the government to be paid before it launches a USD100 million project to develop production, the company said.Tourist footfall is expected to reach a record high of 15.3 million in 2024, increasing 5% YoY, according to a statement from the Tourism Ministry. An unnamed Chinese company is looking to set up a USD360 million tire factory in the Suez Canal Economic Zone (SCZone) in partnership with the state-owned Arab Organization for Industrialization (AOI). Austrian wood panels manufacturer Kronospan wants to partner with Nag Hamady Fiberboard Company to set up a 150k sqm production line in the Egyptian company's existing factory to produce MDF, according to a statement by the Industry Ministry. Egypt is committed to repaying loans worth USD3 billion to Gulf banks in November. Egypt will repay some USD1.3 billion in USD-denominated bonds today for debt issued in 2016, according to Al Arabiya, citing unnamed sources. The Shalatin Mineral Resources Company, affiliated with the Ministry of Petroleum, aims to deliver gold to the CBE amounting to a ton by the end of this year 2024.ISPH reported positive 3Q24 results: Bottom line amounted to EGP185 million, up 49.8% QoQ and 3.4x YoY. 9M24 bottom line came in at EGP407 million, up 1.3x YoY. ISPH is trading at 2025 multiples of EV/EBITDA of 3.0x and P/E of 9.8x.EBRD gave its initial approval to a USD120 million equity bridge loan to Obelisk Solar — a special purpose vehicle owned by Norway's Scatec — to fund part of Scatec's 1-GW solar power plant in Nagaa Hammadi to power EGAL's industrial complex with 2 GW of green energy.Ministry of Electricity set the feed-in tariff for solar panels using the battery energy storage system at USD0.023/kWh for privately-owned solar panels and USD0.014/kWh for state-owned solar panels. CCAP's subsidiary, Egyptian Refining Company (ERC), plans to repay USD200 million of its outstanding USD742 million debt by December, company head Mohamed Saad stated. EFID announced the signing of a toll manufacturing agreement in the biscuit business with Misr Food Additives (MIFAD). Phillip Morris increased the prices of its tobacco products for the the third time this year, raising prices by EGP5 across its offerings in the local market.

Aron Cronin, Managing Director and Anthony Gardner, Principal Consultant at GIC Limited, join Mike Shanley to discuss the UK Aid Market and the impact of the elections.  RESOURCES Subscribe to the FCDO Supplier Portal, enabling you to receive its weekly supplier engagement newsletter free of charge here. BIOGRAPHIES Aron Cronin established GIC Limited in 1991 where he is the Managing Director responsible for the firm and its services. Previously he led the London international development practice at Touche Ross Management Consultants (now Deloitte Consulting). He is an established consultancy practitioner who brings over 40 years' experience of planning and management of studies and projects in advanced and emerging market countries, most recently in relation to economic diversification and growth, private sector development and increased access to finance. He is a widely recognised authority on the correct application of the financing, tendering and procurement procedures of DFID (where he held an interim Private Sector Development Adviser position), FCDO, the EBRD and other major donors He has wide training and mentoring experience in Proposals and Tender Dossiers preparation and Monitoring and Evaluation and has led numerous tailored in-house seminars and strategy development workshops internationally. He leads and now concentrates on the firm's Bid Management service line working with client organisations to strengthen their new business acquisition, bidding skills and capacities and has authored several official guides to effective business development and tendering processes. Tony Gardner spent over 40 years as a member of the UK Department for International Development (DFID) as a development and procurement professional. A longtime member of the Chartered Institute for Purchasing and Supply, he was the Head of the Procurement Department, leading a large department responsible for contracts worth over £1bn per annum. His last post with DFID was as deputy head of the Kenya office from 2014-17. He joined GIC Limited in January 2018 to work on the firm's Bid Management service line. As a consultant, he provides significant advice in contract tendering and management, notably value for money, risk management, due diligence, and capacity building. He has wide training and mentoring experience and leads tailored seminars and strategy development workshops. Aron and Tony are currently concentrating on developing training and support to the provider market to respond to the changes in UK LEARN MORE Thank you for tuning into this episode of the Aid Market Podcast. You can learn more about working with USAID by visiting our homepage: Konektid International and AidKonekt. To connect with our team directly, message the host Mike Shanley on LinkedIn.

The European Bank for Reconstruction and Development issued an updated report this Thursday on growth prospects in all the regions where it operates. Its Chief Economist Beata Javorcik spoke to FRANCE 24 specifically about the challenges facing the economies of conflict-hit countries like Lebanon, Ukraine and Russia.

To talk about the challenges and opportunities of industry-wide digitalisation initiatives, André Casterman, Founder, Casterman Advisory and Chair Fintech Committee, ITFA spoke to Youssef Ahouzi, CEO, Portnet, Mohammed Kabbaj, Managing Director MSC Morocco and Shona Tatchell, Director, Head of Trade Facilitation Programme, EBRD at EBRD's Conference on the Digitalisation of International Trade in Morocco.   Read the article here: https://www.tradefinanceglobal.com/posts/podcast-s2-e17-the-role-of-innovative-technologies-in-transforming-moroccan-trade/

International trade can be intimidating for many companies trying to break into the industry. With extensive regulation and documentary processes, it can seem overwhelming, especially when operating in unfamiliar regions. Article here: https://www.tradefinanceglobal.com/posts/podcast-s2-e13-ebrd-tfp-and-itfas-role-in-boosting-competitiveness-in-trade-and-development/ 

Protests against the "Russian Law," the US to sanction Georgian officials, the president's veto, new educational reforms, the wine industry, and much more!Thanks for tuning in!Let us know what you think and what we can improve on by emailing us at georgia@rorshok.com. You can also contact us through Instagram @Rorshok__georgia or Twitter @RorshokGeorgiaLike what you hear? Subscribe, share, and tell your buds.Rorshok's Georgia Update: www. rorshok.com/georgiaWe want to get to know you! Please fill in this mini survey:https://forms.gle/NV3h5jN13cRDp2r66Wanna avoid ads and help us financially? Follow the link:https://bit.ly/rorshok-donateOops! It looks like we made a mistake. In 2:40, the reader should have said, "EBRD," and in 2:43, "Unlike the ADB the EBRD has, however, been clear in its condemnation of the Russian Law."Sorry for the inconvenience!

The top stories across project & infrastructure finance this week: - Apex finances two BESS projects in Texas - Black & Veatch completes study for Colombian LNG terminal - Bengaluru suburban rail project receives KfW, EIB funds - ADB agrees $148.5m to support Sikkim's power distribution sector - Australia unveils new green hydrogen subsidy - Aquila secures funding for solar projects in NZ - BayWa r.e. and Elicio win French AO5 tender - 500MW Culham BESS applies for planning - 10MW Tunisian solar project receives EBRD funds   Plus, the team are in Tennessee this week for Proximo Nashville 2024. Find out more and register for next year's edition here! And don't forget to take part in our Global Project Finance industry survey here to share your sentiments on the market, building towards Proximo's annual research report coming soon!

INDEX: 00:00:00 - Introduction 00:07:40 - About Keith/EMH 00:09:12 - DFS Update: When Will EMH Report Release? 00:11:01 - Site Relocation: Impact on Permitting & Timeline 00:12:25 - CEZ Ownership Impact: Costing and Contribution Offset 00:14:05 - Site Potential 00:15:41 - Waste Management: EMH Chemical Site Waste Handling 00:16:33 - CRMA Strategic Project Status 00:18:19 - Funding Impact: EMH New Chemical Site 00:18:50 - EBRD financing: JV standing? 00:20:17 - New feasibility: Higher costs, gov't support for offsets 00:22:28 - Stability: Essential Floor Price in Offtake Deals? 00:25:08 - Post-DFS, key hurdles, milestones, and timeframe? 00:28:04 - Offtake Timing: Best Time for Deals Before DFS Release? 00:29:15 - Sales Strategy: Negotiating in Joint Ventures 00:30:03 - Ownership Impact on Deal Allocation? 00:31:32 - Appointed Financial Advisor 00:34:10 - Funding Levels at GeoMet Amid Budget Adjustments 00:36:51 - Defending Against Opportunistic Takeover Concerns? 00:39:35 - Acquisition Speculation: EMH Amid Market Conditions 00:41:47 - Exploration Partners: Vital for Project Success 00:46:49 - Evolving Ecosystem: Funding Talks with Global Entities 00:51:12 - Global Automakers: EMH Discussions? 00:53:11 - Czech Government Funding Prospects? 00:55:27 - Australian Company Seeks Partnerships 00:56:55 - Why buy the stock now? 01:01:30 - Howard's Closing Remarks _________________________________________________ Links

Guest post by Paolo Gallo We all got to a point where we need to re-assess, take stock of our careers and life, where we know that keeping on doing what we have always done is not the answer. Shall we explore how? Who is the most relevant influencer of all time? Please think about it. Are you coming up with some famous singer, actor, politician or sports star? Let me help you: the most critical influencer of all times 1) is not and never has been on any social media; 2) has not written one single line in his life; 3) he does not sing or dance or act; 4) we don't have any picture or image of him, but we know he was not attractive, and even frequently ridiculed for his ugliness, and - ready? - 5) his fellow citizens voted to execute him. Then, he peacefully drank a glass of hemlock (please don't try this at home) and was gone. Why questions can be the answer sometimes So let me introduce him to you: Socrates. He's perhaps the most recognized philosopher of all time, and yet we know so little about him. What we do know comes from his fellow philosophers Aristotle, Plato, the playwright Aristophanes and the historian Xenophon. But, interestingly, he didn't leave us with any philosophical theory or any formula such as E=mc2 that made Einstein famous. So, why is Socrates still so influential in our lives? We have learned from him an approach to life, not a theory or a formula. I guess that teaching people to use their minds is still dangerous, even if people who do so are not forced to drink poison anymore. Socrates was interested in seeking the right question rather than providing a plausible answer. His method is called maieutic, the art of midwives. The difference is that he devoted his life to supporting people to give birth to ideas and solutions rather than babies. Wait: isn't this the beginning of becoming an independent thinker? Socrates is - at least to me - the person who created coaching. Let me offer you with some of the questions you need to ask yourself. Take your time to let them sink in; take your time to reflect on them and then act on them. So, please take a pen, switch off your phone, sit comfortably, get a glass of water, focus on yourself and breathe deeply ten times. Ready? You will need to Visualize, reflect, imagine, create What do you stand for? What matters to you? Begin with the end in mind. What is your definition of success? What are you doing for others? What value do you create for others? What are you good at now? What do you want to be good at in the future? What are you doing now to help yourself to get there? What are you doing that is derailing your journey? What are you NOT doing that you should start immediately? What are you doing that you should stop immediately? What do you do when you don't know what you are doing? (How, where and with whom you spend your free time will give you a hint.) If you spend - better - invest quality time you will find the answer because you have formulated the right question. Thank you Socrates, again. Paolo Gallo is a certified Executive Coach, keynote speaker, and author on personal and professional development, leadership, the future of work, and learning. He's an Adjunct Professor in Leadership and Organizational Behavior at SDA Bocconi University in Milan, Italy. Paolo has served as Chief Human Resources Officer at the World Economic Forum in Geneve and EBRD in London and Chief Learning Officer at the World Bank in Washington, DC. He has worked in 80 countries and is the author of "The 7 Games of Leadership: navigating the Inner Game of Leaders" (Bloomsbury, 2023) and the award-winning book "The Compass & The Radar: The Art of Building a Rewarding Career while remaining true to yourself." (Bloomsbury 2018). See more breaking stories here.

After an award ceremony and a concert on Monday, serious business starts this Tuesday at the World Economic Forum in Davos, Switzerland. Ukrainian President Volodymyr Zelensky and Chinese Premier Li Qiang are taking the centre stage amid a challenging global context with heightening tensions. FRANCE 24's Yuka Royer spoke to Beata Javorcik, the Chief Economist of the European Bank for Reconstruction and Development, about how geopolitical fragmentation is affecting global trade.

The Paris Climate Agreement, established at COP 21 in 2015, calls for leaders and institutions across society to work towards reducing their carbon emissions with the aim of reaching net zero by 2050. Multilateral development banks, or MDBs, which have a critical role to play in the climate finance landscape, are in the process of figuring out what it means to deliver on their commitment to “Paris alignment”. “Delivery means really, for us, implementing what we have committed to do and working with the countries in which we invest in order to accompany them in this green transition,” said Odile Renaud-Basso, President of the European Bank for Reconstruction and Development, in the latest episode of the Climate + podcast. EBRD aims for 50% of its investments to be in support of the green transition by 2025, she added. Renaud-Basso joined Devex senior reporter Adva Saldinger to delve deeper into EBRD's climate priorities, the bank's approach and timeline for phasing out investments in fossil fuels, what MDBs can do to mobilize more private capital for climate investments, and how MDBs can work better together to support countries with their climate goals. This podcast episode was recorded with a live online audience as part of Devex's wider Climate + event programming at COP 28. The Climate + podcast is supported by the World Bank. To learn more about efforts to end poverty on a livable planet, check out the link.

Listen to the live launch of the EBRD Transition Report launch. The global shift to net zero will require major structural changes in economies, as well as extensive change in daily lives. The scale of the transition is unprecedented: from the rush to source critical raw materials to the reconfiguration of global supply chains; from the rise of green skills in the workforce to the development of environmentally sustainable housing markets. The EBRD Transition Report 2023-24: Transitions big and small, published today, offers revealing insights into the way macro-level trends leading to carbon neutrality impact the types of job sought, household management and, ultimately, the perceived level of happiness in the regions where the Bank operates. EBRD Chief Economist Beata Javorcik said: “The change and upheaval that stems from these trends will affect people's lives for the foreseeable future. Policymakers will need to establish a deep understanding of those effects in order to plan future stages of the green transition, as individual attitudes will both shape and be shaped by that transition process. […] “The success of the green transition will depend on winning their hearts and minds as we continue our journey towards a cleaner future. If there is one thing we have learned from 30 years of transition in the EBRD regions, it is that reforms will not last unless they have broad-based support.” The discussion features Charlotta Källbäck, Head of Internal Audit, Volvo Cars Sandra Bates, specialist on mining and clean energy with Executive and non-Executive Director experience Mark Keese, Head of the Skills and Employment Division, OECD Professor Beata Javorcik, Chief Economist, EBRD Moderated by Jonathan Charles

Kenji Tagaya joins Lawyer on Air as a very welcome male guest, fan of the show and ally of women working in the law in Japan. Kenji is General Counsel at Jera and shares his own lived experience of being a minority and how he uses that experience to help empower others. In addition to his career, Kenji is very active in volunteer activities and we hear about how he asks if he can join in and help and in doing this he has been able to use his skills for good outside of the office too.  If you enjoyed this episode and it inspired you in some way, we'd love to hear about it and know your biggest takeaway. Head over to Apple Podcasts to leave a review and we'd love it if you would leave us a message here! In this episode you'll hear: How Kenji's interest in foreign affairs led him to an international career even without any international experience Kenji's lived experience of what it's like to not be part of the majority and how he uses this in his work to help all team members succeed How Kenji uses his skills in English for good and how it helps him to lead a fulfilling life His favourite podcast and other fun facts  About Kenji Kenji Tagaya is the Executive Officer, Head of Legal Group of JERA, which is one of the major energy companies in Japan, encompassing the entire energy supply chain from upstream fuel investment and fuel procurement through power generation. Prior to joining JERA in 2016, Kenji worked for a Japanese governmental financial institution (JBIC) and was involved in oil & gas and power project financing in Asia and the Middle East. He also spent time at Allen & Overy's Projects Group in London as an Associate, and also at an international financial institution (EBRD) in London as a Principal Counsel, involved in development financing in emerging countries. He was awarded ALB (Asian Legal Business) Japan “In-house Lawyer of the Year” in 2017 and Chambers “GC Influencers” Japan in 2019. He received LL.B. from Kyoto University (Japan) and LL.M. from Georgetown University (US). Connect with Kenji LinkedIn: https://www.linkedin.com/in/kenji-tagaya-b6811675/  Links Rokusei https://www.rokusei.co.jp/  “How I Built This” Podcast: https://www.npr.org/series/490248027/how-i-built-this  Connect with Catherine  Linked In https://www.linkedin.com/in/oconnellcatherine/ Instagram: https://www.instagram.com/lawyeronair YouTube: https://youtube.com/@lawyeronair

The European Bank for Reconstruction and Development (EBRD), founded to help build up market economies in the wake of the fall of the Soviet Union, has issued a new growth forecast for the region. It predicts that Ukraine will see its GDP increase by 3 percent in 2024. Speaking to FRANCE 24, the EBRD's Chief Economist Beata Javorcik explained the reasons for this as well as how increased Russian trade and remittances boosted the economies of Central Asia, the Caucasus and Turkey.

What will it take to revitalize Ukraine's economy amidst conflict? Dimitar Bogov, European Bank for Reconstruction and Development (EBRD) Lead Economist for Eastern Europe and Caucasus discusses economic recovery strategies, investment climate reforms, and long-term growth prospects.

Мэттью Грин - Предприниматель, филантроп. Создал компаний на $200M (Webinar, COMDI, RTS.FM, Zillion, Эквиум, Almamat и др.) Поднял инвестиций на $12M+ (от ВТБ, EBRD, Flint Capital, QIWI, angels). Сделал EXITы в: INTEL, SBER, MTS. Автор книги “Метод Грина”. 25 лет помогает людям найти себя в бизнесе и жизни. Matthew Green is an entrepreneur, philanthropist. Created companies worth $200M (Webinar, COMDI, RTS.FM, Zillion, Equium, Almamat, etc.) Raised investments by $12M+ (from VTB, EBRD, Flint Capital, QIWI, angels). Made EXITs in: INTEL, SBER, MTS. Author of the book “Green's Method”. 25 years of helping people find themselves in business and life. FIND MATTHEW ON SOCIAL MEDIA Facebook | YouTube | Instagram ================================SUPPORT & CONNECT:Support on Patreon: https://www.patreon.com/denofrichTwitter: https://twitter.com/denofrichFacebook: https://www.facebook.com/mark.develman/YouTube: https://www.youtube.com/denofrichInstagram: https://www.instagram.com/den_of_rich/Hashtag: #denofrich© Copyright 2023 Den of Rich. All rights reserved.

One of our biggest pet peeves on this show is when totally made up stories become conventional wisdom, when fake facts become facts through sheer media repetition. One of the most egregious examples of that is the claim that everyone wanted to fire the Ukrainian prosecutor who was investigating Hunter Biden's corrupt energy firm Burisma. Anyone who points out the incredibly convenient coincidence that former Vice President Joe Biden got the prosecutor fired immediately after Burisma told Hunter that he needed to be fired, is immediately met with the same excuse: That excuse is that everyone wanted the prosecutor fired, the EU, the World Bank, the IMF, the EBRD, everyone. Joe Biden was just following the lead from all these esteemed institutions. But is there any evidence for this? We take a deep dive to try and find evidence, any evidence, that these international institutions wanted to fire the Ukrainian prosecutor. ⭕️ Watch in-depth videos based on Truth & Tradition at Epoch TV

This episode of Democracy IRL is a companion piece to Michael Bennon and Francis Fukuyama's essay, "China's Road to Ruin," published in the September/October 2023 issue of Foreign Affairs.Here, Bennon and Fukuyama discuss how bad Chinese Belt and Road projects are, leading to financial crises in developing countries, and how international financial institutions like the IMF and EBRD are being asked to bail out dodgy Chinese loans.Michael Bennon is a Research Scholar at CDDRL for the Global Infrastructure Policy Research Initiative. Michael's research interests include infrastructure policy, project finance, public-private partnerships, and institutional design in the infrastructure sector. Michael also teaches Global Project Finance to graduate students at Stanford. Prior to Stanford, Michael served as a Captain in the US Army and US Army Corps of Engineers for five years, leading Engineer units, managing projects, and planning for infrastructure development in the United States, Iraq, Afghanistan, and Thailand.Democracy IRL is produced by the Center on Democracy, Development and the Rule of Law (CDDRL), part of the Freeman Spogli Institute for International Studies (FSI) at Stanford University.To learn more, visit our website or follow us on social media.

Matt is a public speaking and communications coach, hailing from Brighton, UK.   Working with clients ranging from The World Health Organization and the EBRD through O2 and Virgin, he specializes in helping people say what they need to say when it matters most.   He runs workshops, coaching cohorts and speaking at conferences globally, speaking and training on topics including public speaking, interpersonal communication skills, navigating “failure” and change, meeting etiquette, improvisation and leadership development.   You can find out more about Matt's work, including audio, video, and writing, over on his website at www.thespeakingcoach.co.uk.  Additionally, I'll be donating to and raising awareness for the charity or organization of my guest's choice with each episode now. This episode, the organization is Cancer Research. Any and all donations make a difference! You can connect with Matthew on: Website  LinkedIn Instagram Twitter To connect with me: Interested in working with me as your coach? Book a complimentary 15 minute call here. LinkedIn Instagram Website Subscribe to my weekly newsletter YouTube Please leave a review for this podcast on Apple Podcasts!   Resources/People Mentioned: The Art of Shouting Quietly - Pete Mosley Quiet - Susan Cain Unpacking Michelle Obama's Impostor Syndrome David Ferrers Brene Brown CODA The Edge of Seventeen Tony Robbins Judi Dench The Pressure Principle - Dave Alred

The development of local derivatives markets can help boost economic growth and financial market liquidity in emerging market and developing economies, but how can jurisdictions ensure these markets are efficient and resilient? The EBRD's Axel van Nederveen and Frontclear's Romina Lopez Martinez give their views. Hosted on Acast. See acast.com/privacy for more information.

Avrupa İmar ve Kalkınma Bankası (EBRD) iş birliğiyle ve J.P. Morgan'ın desteğiyle hazırlanan "Rota Dijital" podcast serisinde, dijital dönüşüme dair en çok merak edilenleri, dijital dönüşümün temel bileşenlerini ve KOBİ'lerin (Küçük ve Orta Ölçekli İşletmeler'in) dijital dönüşüm yolculuğunu inceliyoruz. KOBİ'lerin dijital dönüşümüne destek olmayı hedefleyen EBRD'nin geliştirdiği Dijital Barometre Anketi'ni ücretsiz olarak cevaplamak ve sonuç raporunuzu almak için ⁠buraya⁠ tıklayabilirsiniz. Rota Dijital'in onuncu ve son bölümünde Emir Barın konuğu Trendyol İcra Kurulu Üyesi ve Türkiye Odalar ve Borsalar Birliği (TOBB) E-ticaret Meclisi Başkanı Ozan Acar ile dijital dönüşümde devamlılığın önemine ve gerekliliğine değinerek; kamu kurumları, finansal kurumlar ve sektörel birliklerin dijital dönüşümdeki devamlılığa katkılarını ve KOBİ'lerin dijitalleşme yolculuklarında devamlılık sağlamak için atabilecekleri adımları anlatıyor.

Avrupa İmar ve Kalkınma Bankası (EBRD) iş birliğiyle ve J.P. Morgan'ın desteğiyle hazırlanan "Rota Dijital" podcast serisinde, dijital dönüşüme dair en çok merak edilenleri, dijital dönüşümün temel bileşenlerini ve KOBİ'lerin (Küçük ve Orta Ölçekli İşletmeler'in) dijital dönüşüm yolculuğunu inceliyoruz. KOBİ'lerin dijital dönüşümüne destek olmayı hedefleyen EBRD'nin geliştirdiği Dijital Barometre Anketi'ni ücretsiz olarak cevaplamak ve sonuç raporunuzu almak için ⁠buraya⁠ tıklayabilirsiniz. Rota Dijital'in dokuzuncu bölümünde Emir Barın konuğu Tofaş Tedarikçi Kalite ve Geliştirme Yöneticisi Fırat Başlar ile üretim sektöründe tedarik zinciri yönetimi alanında gözlemlenen trendlere değiniyor ve büyük ölçekli firmaların, tedarikçileri olan KOBİ'lerin dijital dönüşümünü nasıl etkilediğine ışık tutarak, ortak yürütülen proje ve programlardan örnekler sunuyor.  

Avrupa İmar ve Kalkınma Bankası (EBRD) iş birliğiyle ve J.P. Morgan'ın desteğiyle hazırlanan "Rota Dijital" podcast serisinde, dijital dönüşüme dair en çok merak edilenleri, dijital dönüşümün temel bileşenlerini ve KOBİ'lerin (Küçük ve Orta Ölçekli İşletmeler'in) dijital dönüşüm yolculuğunu inceliyoruz. KOBİ'lerin dijital dönüşümüne destek olmayı hedefleyen EBRD'nin geliştirdiği Dijital Barometre Anketi'ni ücretsiz olarak cevaplamak ve sonuç raporunuzu almak için ⁠buraya⁠ tıklayabilirsiniz. Rota Dijital'in sekizinci bölümünde Emir Barın konuğu Özge Makina'nın Kurucusu Özge Kartal ile üretim sektöründe yaygınlaşmaya başlayan ileri teknolojileri ele alarak, bu teknolojilerin dijital dönüşümdeki önemine, üretim sektöründe yer alan KOBİ'lerden uygulama örneklerine ve yeni teknoloji projelerini hayata geçirmeyi hedefleyen diğer KOBİ'ler için tavsiyelere yer veriyor.

Avrupa İmar ve Kalkınma Bankası (EBRD) iş birliğiyle ve J.P. Morgan'ın desteğiyle hazırlanan "Rota Dijital" podcast serisinde, dijital dönüşüme dair en çok merak edilenleri, dijital dönüşümün temel bileşenlerini ve KOBİ'lerin (Küçük ve Orta Ölçekli İşletmeler'in) dijital dönüşüm yolculuğunu inceliyoruz. KOBİ'lerin dijital dönüşümüne destek olmayı hedefleyen EBRD'nin geliştirdiği Dijital Barometre Anketi'ni ücretsiz olarak cevaplamak ve sonuç raporunuzu almak için ⁠buraya⁠ tıklayabilirsiniz. Rota Dijital'in yeni bölümünde Emir Barın konuğu Microsoft Türkiye Pazarlama ve Operasyonlardan sorumlu Genel Müdür Yardımcısı Münir Kundakçı ile verinin dijital dönüşüm içindeki yerine ve önemine değinerek, veri yönetimi konusunda firmaların özellikle KOBİ'lerin göz önünde bulundurması gereken önemli noktaları ve önerileri aktarıyor.

Avrupa İmar ve Kalkınma Bankası (EBRD) iş birliğiyle ve J.P. Morgan'ın desteğiyle hazırlanan "Rota Dijital" podcast serisinde, dijital dönüşüme dair en çok merak edilenleri, dijital dönüşümün temel bileşenlerini ve KOBİ'lerin (Küçük ve Orta Ölçekli İşletmeler'in) dijital dönüşüm yolculuğunu inceliyoruz. KOBİ'lerin dijital dönüşümüne destek olmayı hedefleyen EBRD'nin geliştirdiği Dijital Barometre Anketi'ni ücretsiz olarak cevaplamak ve sonuç raporunuzu almak için ⁠buraya⁠ tıklayabilirsiniz. Rota Dijital'in altıncı bölümünde Emir Barın konuğu Escarus (TSKB Sürdürülebilirlik Danışmanlığı) Genel Müdürü Dr. Kubilay Kavak ile dijitalleşme ve yeşil dönüşüm arasındaki ilişkiye değiniyor. Dijital dönüşüm çalışmalarını planlarken ve hayata geçirirken yeşil dönüşümü nasıl göz önünde bulundurabileceğimizi ele alıyor.

Avrupa İmar ve Kalkınma Bankası (EBRD) iş birliğiyle ve J.P. Morgan'ın desteğiyle hazırlanan "Rota Dijital" podcast serisinde, dijital dönüşüme dair en çok merak edilenleri, dijital dönüşümün temel bileşenlerini ve KOBİ'lerin (Küçük ve Orta Ölçekli İşletmeler'in) dijital dönüşüm yolculuğunu inceliyoruz. KOBİ'lerin dijital dönüşümüne destek olmayı hedefleyen EBRD'nin geliştirdiği Dijital Barometre Anketi'ni ücretsiz olarak cevaplamak ve sonuç raporunuzu almak için ⁠buraya⁠ tıklayabilirsiniz. Rota Dijital'in beşinci bölümünde Emir Barın konukları Mutfak Sanatları Akademisi (MSA) Genel Müdürü Sitare Baras ve Idecon'un kurucusu ve girişimci Yaprak Yapsan ile dijital dönüşümün şirket kültürünü ve çalışma mekanizmalarını nasıl etkilediğini ele alırken bu etkilerin daha iyi yönetilebilmesi ve dijitalleşmenin şirket kültürünün bir parçası hâline getirebilmesi için yapılabileceklere ışık tutuyor.

Avrupa İmar ve Kalkınma Bankası (EBRD) iş birliğiyle ve J.P. Morgan'ın desteğiyle hazırlanan "Rota Dijital" podcast serisinde, dijital dönüşüme dair en çok merak edilenleri, dijital dönüşümün temel bileşenlerini ve KOBİ'lerin (Küçük ve Orta Ölçekli İşletmeler'in) dijital dönüşüm yolculuğunu inceliyoruz. KOBİ'lerin dijital dönüşümüne destek olmayı hedefleyen EBRD'nin geliştirdiği Dijital Barometre Anketi'ni ücretsiz olarak cevaplamak ve sonuç raporunuzu almak için ⁠buraya⁠ tıklayabilirsiniz. Rota Dijital'in dördüncü bölümünde Emir Barın Bandwitt ekibinden konukları Elçin Şendur, Selim Özoğuz ve Ömer Güngörür ile birlikte teknoloji çözümleri ve tedarikçilerinin dijital dönüşüm yolculuklarındaki önemine ve bu alanda doğru seçimler yapmak konusunda yaşanan zorluklara değinerek; KOBİ'lerin doğru teknoloji çözümlerine ulaşabilmeleri için pratik öneriler sunuyor.

The U.S. dollar's status as the global reserve currency is diminishing, which reduces the power that U.S. leaders have over the global economic system. In this episode, hear highlights from recent Congressional testimony during which financial elites examine the current status of the global financial system and what Congress is being told to do to address perceived threats to it (and to their own power). Please Support Congressional Dish – Quick Links Contribute monthly or a lump sum via PayPal Support Congressional Dish via Patreon (donations per episode) Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank's online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536. Please make checks payable to Congressional Dish Thank you for supporting truly independent media! View the show notes on our website at https://congressionaldish.com/cd276-the-demise-of-dollar-dominance Background Sources Recommended Congressional Dish Episodes CD269: NDAA 2023/Plan Ecuador CD230: Pacific Deterrence Initiative CD195: Yemen CD187: Combating China CD102: The World Trade Organization: COOL? International Monetary Fund “IMF Financial Activities List 2023.” Updated June 21, 2023. International Monetary Fund. “Weekly Report on Key Financial Statistics.” June 9, 2023. International Monetary Fund. “IMF Lending.” Updated December 2022. International Monetary Fund. Argentina “Argentina: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding” October 17, 2018. International Monetary Fund. “Argentina Policy Memorandum.” January 11, 1999. International Monetary Fund. Ecuador “Ecuador—Supplementary Letter of Intent.” March 13, 2003. International Monetary Fund. Smaller Banks within the World Trade System International Finance Corporation China “Members and Observers.” World Trade Organization. “ China and the WTO.” World Trade Organization. “From ‘China Shock' to deglobalisation shock: China's WTO accession and US economic engagement 20 years on.” Stephen Kirchner. January 24, 2022. United States Studies Centre. “The China Reckoning: How Beijing Defied American Expectations.” Kurt M. Campbell and Ely Ratner. February 13, 2018. Foreign Affairs. The World Bank “Who can borrow from the World Bank?” December 10, 2020. Bretton Woods Observer. “Domination of the United States on the World Bank.” Eric Toussaint. April 2, 2020. Committee for the Abolition of Illegitimate Debt. “Why Is the World Bank Still Lending to China?” Yukon Huang. January 15, 2020. Carnegie Endowment for International Peace. Congressional Stock Trade Tracking Quiver Quantitative Unusual Whales US Abuse of Sanctions “The Other Counteroffensive to Save Ukraine.” Lawrence Summers et. al. June 15, 2023. Foreign Affairs. Allies Pivoting “Europe must resist pressure to become ‘America's followers,' says Macron.” Jamil Anderlini and Clea Caulcutt. April 9, 2023. Politico. “US State Dept backs latest raft of Saudi, UAE, Jordan arms sales.” February 2, 2022. Al Jazeera. Witnesses Mark Rosen on Linkedin Daniel F. Runde on Linkedin “Membership Roster.” Accessed June 24, 2023. Council on Foreign Relations. Tyler Goodspeed on Linkedin Carla Norrlof - “Board of Directors.” Atlantic Council. Daniel McDowell bio Marshall Billingslea on Linkedin Audio Sources Dollar Dominance: Preserving the U.S. Dollar's Status as the Global Reserve Currency June 7, 2023 House Financial Services Committee Watch on YouTube Witnesses: Dr. Tyler Goodspeed, Kleinheinz Fellow, Hoover Institution at Stanford University Dr. Michael Faulkender, Dean's Professor of Finance, Robert H. Smith School of Business at University of Maryland Dr. Daniel McDowell, Associate Professor, Maxwell School of Citizenship & Public Affairs at Syracuse University Marshall Billingslea, Senior Fellow, Hudson Institute Dr. Carla Norrlöf, Senior Fellow, The Atlantic Council and Professor, University of Toronto Clips 34:05 Dr. Tyler Goodspeed: In 2022, as the Ranking Member highlighted, 88% of all foreign exchange transactions by value involved the United States Dollar, a figure that has been roughly constant since 1989, which is testament to the substantial path dependence in international currency usage due to large positive network externalities. As the Ranking Member also highlighted, 59% of all official foreign exchange reserves were held in US dollars, which is down from a figure of 71.5% in 2001. By comparison 31% of all foreign exchange transactions by value involve the Euro, which is the second most commonly transacted currency, which accounted for 20% of official foreign exchange reserves. 34:50 Dr. Tyler Goodspeed: The fact that 90% of all foreign exchange transactions continue to involve the United States dollar, and that global central banks continue to hold almost 60% of their foreign exchange reserves in US dollars confers net economic benefits on the United States economy. First, foreign demand for reserves of US dollars raises demand for dollar denominated securities, in particular United States Treasury's. This effectively lowers the cost of borrowing for US households, US companies, and federal, state and local governments. It also means that on average, the United States earns more on its investments in foreign assets than we have to pay on foreign investments in the United States, which allows the United States to import more goods and services than we export. Second, foreign demand for large reserves of US dollars and dollar denominated assets raises the value of the dollar and a stronger dollar benefits us consumers and businesses that are net importers of goods and services from abroad. Third, large reserve holdings of US currency abroad in effect constitutes an interest free loan to the United States worth about $10 to $20 billion per year. Fourth, the denomination of the majority of international transactions in US dollars likely modestly lowers the exchange rate risks faced by US companies. Fifth, the given the volume of foreign US dollar holdings and dollar denominated debt, monetary policy actions by foreign central banks generally have a smaller impact on financial conditions in the United States than actions by the United States Central Bank have on financial conditions in other countries. 36:40 Dr. Tyler Goodspeed: However, the benefits of the US dollar's global reserve status are not without costs. The lower interest rates in the United States benefit US borrowers, especially the federal government. They also lower returns to US savers. In addition, though a stronger dollar benefits US consumers and businesses that net import goods and services from abroad, it does also disadvantage US firms that export goods and services abroad as well as firms that compete against imported goods and services. Furthermore, the perception of the US dollar as a safe haven asset means that demand for the dollar tends to increase in response to adverse macroeconomic events that are global in nature. As a result, the competitiveness of US exporters and US firms that compete against imported goods and services are likely to face an increased competitive disadvantage at times of elevated global macroeconomic stress. 37:35 Dr. Tyler Goodspeed: However, despite these costs, studies generally find that the economic benefits of the dollar's prominent global status outweigh the costs, providing a modest net benefit to the United States economy. This does not include the substantial benefit to which the chairman referred of the United States dollar's centrality in global transactions, allowing the United States to utilize financial sanction tools when appropriate in support of national security objectives. 44:50 Dr. Daniel McDowell: With little more than the stroke of the President's pen or through an Act of Congress, the US government can use financial sanctions to impose enormous economic costs on targeted foreign actors, be they individuals, firms, or state institutions, by freezing their dollar assets or cutting them off from access to the banks through which those dollars flow. The consequences for individual targets, known as specially designated nationals or SDNs, are severe, significantly impairing targets capacity to participate in international trade, investment, debt repayment, and depriving them of access to their wealth. Over the last two decades, the United States has used the tool of financial sanctions with increasing frequency. For example, in the year 2000, just four foreign governments were directly targeted under a US Treasury Country Program overseen by the Office of Foreign Assets Control (OFAC). Today that number is greater than 20, and if we include penalties from secondary sanctions the list gets even longer. The more that the United States has reached for financial sanctions, the more it has made adversaries and foreign capitals aware of the strategic vulnerability that stems from dependence on the dollar. Some governments have responded by implementing anti-dollar policies measures that are designed to reduce an economy's reliance on the US currency for investment in cross-border transactions. But these measures sometimes fail to achieve their goals. Others have produced modest levels of de-dollarization. Notable examples here include Russian steps to cut its dollar reserves and reduce the use of the dollar and trade settlement in the years leading up to its full scale invasion of Ukraine, or China's ongoing efforts to build its own international payments network based on the Yuan, efforts that have taken on a new sense of urgency as Beijing has become more aware of its own strategic vulnerabilities from Dollar dependence. 47:05 Dr. Daniel McDowell: The United States should reconsider the use of so-called symbolic financial sanctions. That is, if the main objective of a tranche of sanctions is to signal to the world or to a domestic audience that Washington disapproves of a foreign government's policy choices, other measures that can send a similar signal but do not politicize the dollar system ought to be considered first. Second, the use of financial sanctions against issuers of potential rival currencies in particular, China and its Yuan should face a higher bar of scrutiny. Even a small targeted sanctions program provides information to our adversaries about their vulnerabilities, and gives them time to prepare for a future event when a broad US sanctions program may be called upon as part of a major security crisis, when such measures will be most needed. Finally, whenever possible, US financial sanctions should be coordinated with our allies in Europe and Asia, who should feel as if they are key stakeholders in the dollar system and not vassals to it. Such coordinated efforts will prevent our friends from seeking to conduct business with U.S. adversaries outside of the dollar system and send a message to the whole world that moving activities into secondary currencies, like the Euro or the Yen, is not a safe haven. 48:35 Marshall Billingslea: I'll say at the outset that I agree with you and others that to paraphrase Mark Twain, reports of the dollar's demise have been greatly exaggerated. That said, we need to remind ourselves that in the 16th century the Spanish silver dollar was the dominant currency, in the 17th century it was Dutch florins, in the 18th century it was the pound sterling. The link between a nation's currency and its role as the relatively dominant political actor on the world stage is pretty clear. And that is why people like Lula from Brazil, Putin and Xi all aspire to undercut the role of the dollar as the global reserve currency. 50:00 Marshall Billingslea: If we look at what Russia did in the run-up to its further invasion of Ukraine, they began dumping ownership of treasury bonds in 2018. In that year, they plummeted from $96 billion and holdings down to $15 billion and they also started buying large amounts of gold. China is now, as the Ranking Member has observed, embarking on its own its own gold buying spree. I haven't seen the data for May, but April marked the sixth straight month of Chinese expansion in its gold holdings, and I'm not sure I believe the official figures. We have to recall that China is the dominant gold mining player around the world and half of those gold mining companies are state-owned. So the actual size of China's war chest when it comes to gold reserves may be far higher. In fact, I suspect inevitably far higher than official numbers suggest. Last year China also started dumping its treasuries. 2022 marked the largest or second largest decrease on record, with a drop of about $174 billion, and China stood at the lowest level since 2010. In terms of its holdings, though, this past March they did reverse course. This bears close watching because a sell-off may be a strong indicator of planned aggression. 51:20 Marshall Billingslea: The sheer size of the Chinese economy dwarfs what we've been contending with in the form of Iran, Russia, and so on. And one of the first things that the Biden administration did in the wake of Russia's attack was start sanctioning Russian banks and de-SWIFTing them. That's one thing when you're going after an economy smaller than the size of Texas; it's quite another when you consider that out of the 100 largest banks in the world, China has 20, and all four of the top four are Chinese banks. And that is why many within the Treasury contended when I was there, and they will contend to this day, that these Chinese banks are simply too big to sanction. I don't agree that we can allow that to stand but I do believe we have to start taking very swift action to put us in a situation where we could take punitive measures on these banks if necessary. 54:10 Dr. Carla Norrlöf: I will note that the Dollar's dominance is not quite as strong amongst private actors and private markets as it is with governments. In private transactions, it averages about 45% of the world's total. That includes FX transactions, but also things like issuance of international debt, securities, and cross-border banking. 54:55 Dr. Carla Norrlöf: The Chinese Yuan poses no immediate threat to dollar dominance. It accounts for roughly 3% of overall reserves. So far China has been successful in promoting the Yuan with its trade partners, but the Yuan is scarcely used by countries outside trade with China. China is a potential long term challenger due to its active pursuit of trade and investment relationships. If the Yuan is increasingly used by third countries, it will pose a greater threat to the dollar. 55:30 Dr. Carla Norrlöf: And in addition to these external threats, there is also a domestic threat. Flirting with the possibility of a voluntary default puts dollar dominance at risk. What should the US do to maintain dominance, to curb the domestic threat? Congress should consider creating an alternative mechanism for resolving political differences on government spending and its consequences. 56:00 Dr. Carla Norrlöf: To rein in external threats the United States should, whenever possible, implement multilateral sanctions in support of broadly endorsed goals to shore up the liberal international order. This is likely to limit dollar backlash. 59:40 Marshall Billingslea: The thing I do worry -- I come back to this fact that they've been buying a lot of gold -- that one of the things that they could do, which would be very concerning, if they wind up having larger reserves of gold than we believe, is they could start issuing Yuan or gold denominated, gold-backed Yuan contracts and that would further their ambition for introducing the Yuan onto the world stage. 1:05:00 Marshall Billingslea: China considers the actual composition of its foreign exchange reserves to be a state secret. So they don't publish and they they view it as a criminal offense to try to obtain that information in terms of the balance of how much is gold, how much Dollar or Euro denominated. But the numbers I've seen suggest that still at this moment, about 50% to 60% of their Foreign Exchange reserves are still in Dollars or Euros, which means that they are at high risk of sanctions; we can affect them. The problem is that that war chest that they've built up is enormous. It's more than $3 trillion that they have in Foreign Exchange reserves. Compare that with what Russia had at the onset of its assault, which was around $680 billion, of which we managed to freeze overseas half of it, but Russia is still keeping its economy going despite the Biden administration sanctions. So imagine how they're going to be able to continue with that sizable war kitty in Beijing if they do decide to go after the Taiwanese. 1:09:00 Dr. Tyler Goodspeed: Short term I think the risk is that we continue to see diversification away from the dollar, PRC continuing to push other countries to use trade inverse invoicing and Renminbi, that they continue to promote the offshore Renminbi market, that they continue to promote or force bilateral clearing. Longer term, I think the bigger risk is that foreign investors no longer perceive the United States federal government debt to be as safe and risk free as it is today perceived. 1:41:20 Dr. Daniel McDowell: The demonstration of US control over the actual flow of dollars, of communication, absolutely provides information to adversaries to prepare for events where they may face similar circumstances. And so I think what we're seeing is China, we're seeing Russia, we're seeing other countries try to create alternative payments networks. Russia has its own SPFS payment messaging system. It's quite small. It was launched in 2014, not coincidentally, after the initial round of sanctions targeting Russia. In terms of CIPS, China's cross border payments network, Belarus announced it was having banks join immediately following the 2022 sanctions. So what I'm saying is there's a pattern between when the United States mobilizes control over the pipes and the messaging of cross-border payments and adversaries looking for alternatives. It doesn't mean they're using them, but they're getting plugged into the system as at least sort of a rainy day option in the event of a future targeting. 1:45:35 Dr. Daniel McDowell: I look at China not just as a typical country, because I think they're an alternative service provider. Most countries fall into alternative service users; they're looking for an alternative to the dollar. China, you could perhaps put Europe in this as well, are the only two sort of economic BLOCs capable, I think, of constructing an attractive enough cross-border payments network that could attract those alternative service users that are looking for that network. And so that's why I think again, with China, there should be a higher bar of scrutiny. 2:02:20 Dr. Tyler Goodspeed: As deficits mount and as the debt burden rises above 100%, I think the Congressional Budget Office has it ending the budget window at about 119% of our economy, then we will probably observe an acceleration of diversification away from the dollar as a hedge. Again, I don't see another single currency displacing the dollar as the major international currency or as the major reserve currency, but continued diversification. International Financial Institutions in an Era of Great Power Competition May 25, 2023 House Financial Services Committee Watch on YouTube Witnesses: Jesse M. Schreger, Associate Professor of Business, Columbia Business School Mark Rosen, Partner, Advection Growth Capital and former Acting Executive Director, International Monetary Fund (IMF) Daniel F. Runde, Senior Vice President, Center for Strategic & International Studies(CSIS) Rich Powell, Chief Executive Officer, ClearPath & ClearPath Action Daouda Sembene, Distinguished Nonresident Fellow, CGD and CEO, AfriCatalyst Clips 39:55 Mark Rosen: The IMF is the global lender of last resort to countries that are in economic distress. IMF borrowers usually have a balance of payments problem, are running out of foreign exchange reserves, and so cannot meet their obligations. The IMF negotiates a set of economic policies with the borrower in government to alleviate the crisis, and, conditional on the government implementing the agreed policies, provides a loan in tranches, normally over a three year period. 41:00 Mark Rosen: The biggest challenge the IMF faces today is China which, as we've heard, has lent vast sums to emerging market and low income countries in a non-transparent and irresponsible manner. Many IMF members are now struggling to repay China. 42:05 Mark Rosen: The United States is the largest shareholder in the IMF and has veto power over certain key decisions and it's critical that the US continues to maintain its ownership of more than 15% which enables it to have this veto power. 42:20 Mark Rosen: China for some time, has been pressing for an increased quota share at the IMF. However, given its irresponsible lending, and then willingness to provide debt relief to developing countries, this is not the time to reward China with increased ownership at the Fund. Two other issues I'd like to focus on are anti-corruption and the catalytic role of the private sector in the work of the IMF. Corruption is a severe problem for many emerging market countries, which do not have strong institutions that can confront and root out corruption. The IMF is certainly doing a much better job than it did historically on anti-corruption, but I believe it's critical that it continues to make anti corruption laws and policies front and center in the conditions of its lending programs, as well as a focus of its technical assistance. Only by reducing corruption will many of these countries be able to attract the vast amount of private sector investment which is potentially available and remains the ultimate key to reducing poverty. Establishing a rule of law, including laws to protect private property is key to unlocking this investment. And it should be a focus of the IMF and World Bank to encourage these countries to improve the rule of law and to fight corruption. If they do that, emerging market countries can attract private capital and grow rapidly as many countries that have followed that path have already done so successfully. 44:45 Daniel Runde: Multilateral development banks, MDBs, under US and Western leadership are one way that we can respond with something. The United States built and strengthened the MDB system. MDBs provide money, advice, data and convening power to help developing countries solve problems. If the US exerts its influence over these institutions, they are forced multipliers of a US-led global system. If we disregard our leadership role, then other actors, including China, can exert influence over them. The World Bank Group is a series of institutions: it lends money to national governments, it has a private sector arm, and has an insurance arm. There are a series of other regional development bank's including the InterAmerican Development Bank, the Asian Development Bank -- Taiwan is a member of the Asian Development Bank -- the African Development Bank and the EBRD, the European Bank for Reconstruction Development Bank, focused mainly on countries that used to be behind the Iron Curtain. The United States has been instrumental in creating the majority of these institutions and remains the largest, or one of the largest, shareholders of every afformentioned MDB. Since the founding of these institutions, the US has used its shareholding power to shape the policies and activities of MDBs in indirect support of American foreign policy. 47:10 Daniel Runde: What role does China play in the MDBs? They're a shareholder. China continues to borrow from the World Bank and the Asian Development Bank. That is crazy. That needs to stop. China is a shareholder. Also, Chinese firms can bid on MDB projects. China wins a lot of in terms of dollar value, a lot of the dollar value of World Bank contracts. Something to take a look at. 47:35 Daniel Runde: How does the Belt and Road figure into the MDBs? You all have heard of the Belt and Road. Infrastructure is now a strategic issue. China's Belt and Road Initiative is a combination of construction and financing projects for roads, airports, and energy around the world. Unfortunately for us, BRI is an ambitious project that speaks to the hopes of China's friends and potential friends. To counter the BRI, the US needs a positive alternative that says more than, "Don't work with China." Right? That's not a strategy. We've got to have an alternative. 1:12:50 Rep. Andy Barr (R-KY): How do we end China's eligibility to borrow from the World Bank? Daniel Runde: The Asian Development Bank has said they're going to end their eligibility by 2025. We should absolutely hold them to that. There is a temptation for the World Bank and the Asian Development Bank to continue to loan for a couple of reasons. One is they say, "Well, this is a window into how we can understand China better." There's lots of other ways to understand China better. And or this is a way for us to -- for a bunch of lending reasons that they do it. You all have the power of the purse, you have an ability, I think you should have blunted conversations with the administration about this. I suspect it's an open door, but it's going to require, I think, some pushing from Congress. I would encourage this committee to push the administration on ending lending to China. 1:14:30 Jesse Schreger: So fundamentally right now, the Renminbi is not yet positioned to compete with the US dollar for a number of reasons. First and foremost, the reason that the dollar plays the role it does in the international financial system is it provides the global safe asset. You're confident, except for the upcoming debt ceiling, that you will always be paid back if you own US dollars. That's fundamentally what you know. When you contemplate investing in China and holding Chinese Renminbi as reserves, you're not necessarily sure that you're gonna be able to turn that piece of paper into the goods and services that you need or intervening in FX markets. 1:21:15 Jesse Schreger: First and foremost, what China is trying to do is essentially convince countries around the world that the Renminbi is an alternative asset to invoice your trade and to invest in. And so on the investment side, they've been working very hard to actually allow in foreign capital, encouraging foreign central banks to hold Renminbi denominated bonds as their reserves. And on the trade side, they're encouraging firms to invoice, basically price their goods, in Renminbi. There's a few areas in which they've had challenges there. So first, we actually don't know who are holding most of these Renminbi denominated assets. What you can see is after the US sanctioned Russia back in 2014, it was the Russian Central Bank that effectively announced they were moving out of US dollar denominated assets and into Renminbi, so they did that publicly. And so China has effectively been trying to attract foreign capital of that form and a lot of the reasons for that is that China finds itself vulnerable in the dollar-based financial system. And so what I would say the fundamental area in which the United States can assure the dominance of the dollar is making everyone understand that US Treasuries are the world's safe asset that there is no state of the world in which the United States can or will default. 2:03:25 Jesse Schreger: I think the real way in which people start being able to issue and borrow in Renminbi is when people start thinking in terms of the goods that they need to buy and consume are in Renminbi. Fundamentally, most countries around the world, if they issue a bond in Renminbi, the calculation they have to do is then "okay, I'm going to take my renminbi and convert it into US dollars to buy the thing in which I need." And so while actions in the US financial system are certainly going to affect other countries decisions to borrow in Renminbi, the kind of underlying challenges in Chinese financial markets and fundamentally the lack of goods priced and sold in Renminbi are going to continue to hold back kind of a growth of this market for a while. And in particular, the fact that many countries are reluctant to try to raise money inside of China's liquid onshore capital markets for, effectively, fear of capital controls. If you've raised renminbi in China, you can't get that out and to your projects the way you can if you raise money in the US in dollars. 2:14:55 Daniel Runde: The business model of the World Bank is they lend money to richer countries with a pretty good credit rating and then they cross subsidize that by lending to poor countries with a poor credit rating. My view is, China can finance its own development, we should stop this practice. I think the Asian Development Bank has sort of gotten the memo, but the World Bank has not fully gotten the memo and they'll give you kind of World Bank-y answers to this sort of thing. We got to stop it. Rep. Zach Nunn (R-IA): Mr. Runde, I could not agree with you more. And you highlighted earlier, you know, by 2025, China should graduate from this program. I'd offer that 25 is two years too late. We can start funneling them off that now. Daniel Runde: I agree, sir. Rep. Zach Nunn (R-IA): I think you're in the right spot. Thank you. Music Tired of Being Lied To by David Ippolito (found on Music Alley by mevio) Editing Pro Podcast Solutions Production Assistance Clare Kuntz Balcer Cover photo Eric Prouzet on Unsplash

Avrupa İmar ve Kalkınma Bankası (EBRD) iş birliğiyle ve J.P. Morgan'ın desteğiyle hazırlanan "Rota Dijital" podcast serisinde, dijital dönüşüme dair en çok merak edilenleri, dijital dönüşümün temel bileşenlerini ve KOBİ'lerin (Küçük ve Orta Ölçekli İşletmeler'in) dijital dönüşüm yolculuğunu inceliyoruz. KOBİ'lerin dijital dönüşümüne destek olmayı hedefleyen EBRD'nin geliştirdiği Dijital Barometre Anketi'ni ücretsiz olarak cevaplamak ve sonuç raporunuzu almak için ⁠buraya⁠ tıklayabilirsiniz. Rota Dijital'in üçüncü bölümünde Emir Barın konuğu ekonomist Cevat Giray Aksoy ile dijitalleşmenin bireylerin ve firmaların iş yapış şeklini nasıl değiştirdiğini ve gelecekte mesleklerin nasıl şekilleneceğini aktararak KOBİ'leri bekleyen değişimleri ve fırsatları inceliyor.

Avrupa İmar ve Kalkınma Bankası (EBRD) iş birliğiyle ve J.P. Morgan'ın desteğiyle hazırlanan "Rota Dijital" podcast serisinde, dijital dönüşüme dair en çok merak edilenleri, dijital dönüşümün temel bileşenlerini ve KOBİ'lerin (Küçük ve Orta Ölçekli İşletmeler'in) dijital dönüşüm yolculuğunu inceliyoruz. KOBİ'lerin dijital dönüşümüne destek olmayı hedefleyen EBRD'nin geliştirdiği Dijital Barometre Anketi'ni ücretsiz olarak cevaplamak ve sonuç raporunuzu almak için ⁠buraya⁠ tıklayabilirsiniz. Rota Dijital podcast serisinin ikinci bölümünde Emir Barın Türkiye Kadın Girişimciler Derneği (KAGİDER) ve Sektörel Dernekler Federasyonu (SEDEFED) Yönetim Kurulu Başkanı Emine Erdem ve EBRD Türkiye başkan vekili Hande Işlak'ı konuk alıyor, teknolojiye yatırım yapmanın faydalarını, KOBİ'lerin dijital dönüşüm konusundaki yatırımlarını, mevcuttaki yatırım desteklerini ve KOBİ'lerin dijital dönüşümüne yön verecek pratik önerileri tartışıyor.

Avrupa İmar ve Kalkınma Bankası (EBRD) iş birliğiyle ve J.P. Morgan'ın desteğiyle hazırlanan "Rota Dijital" podcast serisinde, dijital dönüşüme dair en çok merak edilenleri, dijital dönüşümün temel bileşenlerini ve KOBİ'lerin (Küçük ve Orta Ölçekli İşletmeler'in) dijital dönüşüm yolculuğunu inceliyoruz. KOBİ'lerin dijital dönüşümüne destek olmayı hedefleyen EBRD'nin geliştirdiği Dijital Barometre Anketi'ni ücretsiz olarak cevaplamak ve sonuç raporunuzu almak için ⁠buraya⁠ tıklayabilirsiniz. Dijital dönüşümün hayatlarımızdaki etkisini inceleyen, küçükten büyüğe şirket ve işletmelerin dijital dönüşüm ile birlikte nasıl farklılaşabileceğine odaklanan Rota Dijital podcast serisi ilk bölümü ile karşınızda. İlk bölümde programın hostu Emir Barın ve Avrupa İmar ve Kalkınma Bankası'ndan Suat Eroğlu oldukça geniş bir kavram olan dijital dönüşümün aslında ne anlama geldiğini konuşuyor, özellikle küçük ve ortak ölçekli işletmelerin dijital dönüşüm için neler yapması gerektiğini ve bu dönüşümün onlara neler kazandıracağını tartışıyor.

Francesco Cracolici lХөрөнгө оруулалтаар тогтохгүй олон сэдэв хөндөж ярилцаv. EBRD #StarVenture by