Podcasts about International Bank

We published this morning our earnings expectations sheet for companies under coverage in 1Q25/FY25, with the following key conclusions:In FY25, aggregated net profit is expected to increase 10% YoYStocks that are expected to witness a shift from net loss to net profit YoY in 1Q25: ORHD and EGCHStocks that are expected to witness a spike (>80%) in net profit growth YoY in 1Q25: MBSC, CNFN, FAIT, MCQE, and ARCC. (sorted from highest rise in net profit)Stocks trading at P/E 2025 less than 5x: CCAP, EGBE, CICH, ADIB, and CANA. (sorted from lowest P/E)Please refer to our sheet published this morning for detailed earnings expectations and trading multiples.Egypt's total local and foreign debt repayment obligations are projected to jump around 30% to EGP2.1 trillion in the next fiscal year, up from an estimated EGP1.6 trillion for FY24/25.The Finance Ministry intends to issue new local debt instruments worth EGP1.5 trillion in the upcoming fiscal year, up from EGP1.2 trillion in the current fiscal year, as part of the government's plan to raise spending on social welfare and narrow the budget deficit.Egypt is among six Arab countries set to face a significant impact from Trump's tariff regime, assuming the tariff measures are fully implemented, the United Nations Economic and Social Commission for Western Asia (ESCWA) said in a policy brief. A significant impact is defined as at least 5% of a country's global exports going to the US.The state is working to liberalize the country's electricity market by 2026, along with restructuring the Egyptian Electricity Transmission Company (EETC) and its separation from the Egyptian Electricity Holding Company (EEHC).Federation of Egyptian Industries delegation is in Riyadh to talk investment in the Kingdom during a three-day business forum that wraps tomorrow. The government has estimated the financial allocations needed to import LNG and diesel shipments to meet the country's fuel needs during FY25/26 at approximately USD9.5 billion, compared to more than USD6 billion spent so far this year.President El-Sisi approved a USD500 million loan agreement from the International Bank for Reconstruction and Development (IBRD) to finance the Development Policy Financing for Resilience program.Scatec's 1 GW Obelisk solar plant will be connected to the grid by 220 kV transmission lines built under a contract between the Egyptian Electricity Transmission Company (EETC) with the consortium of Kharafi National and Power Ring. The project is planned to power EGAL's aluminum complex in Nagaa Hammadi. CCAP's United Foundries Company is planning to invest up to USD10 million in a new foundry in Helwan focusing on producing castings for the gold mining and cement industries, adding some 40k tons to the company's production capacity and bringing total output to around 70k tons annually.Hilton will open two new hotels in the New Capital. The two hotels, Hilton Cairo New Capital Downtown and Hilton Garden Inn Cairo New Capital Downtown, are scheduled to open in 2028.

MORAL COURAGE IN THE WAKE OF OCTOBER 7HEADLINE 1: Qatar Emir Sheikh Tamim bin Hamad Al-Thani arrived in Moscow yesterday for talks with Russian President Vladimir Putin.HEADLINE 2: Hamas is on the verge of bankruptcy.HEADLINE 3: The U.S. Treasury sanctioned the International Bank of Yemen.HEADLINE 4: Lebanese forces detained multiple people who fired rockets into Israel last month.--FDD Executive Director Jon Schanzer provides timely updates and analysis, followed by a conversation with actress and producer Debra Messing, who has used her platform to stand with Israel and against antisemitism in the wake of October 7, 2023.Learn more at: https://www.fdd.org/fddmorningbrief

*Key news articles for today*Egypt has officially returned to international debt markets with its first USD bond issuance in nearly two years, issuing USD 2 bn in 5- and 8-year bonds. Global outsourcing giant Concentrix will invest USD 1 bn over the next four years to expand its operations in Egypt under an MoU inked with the Information Technology Industry Development Agency (ITIDA). The company create 16k jobs and increase its total workforce to 35k employees by 2028.Egypt plans to reintroduce its USD 2.3 bn pumped storage hydropower project at Ataka Mountain to investors after the offer was withdrawn from China's SinoHydro due to funding issues.Turkish companies are expected to invest at least USD 300 mn in Egypt in 2025. Turkish clothing firm Eroglu Holding plans to invest additional USD 120 mn in the Qantara West Industrial Zone.The Prime Minister said during the first meeting with newly formed private sector advisory committees that the Egyptian economy has strong opportunities to achieve growth of 5.5% until 2026, despite expectations from international financial institutions to achieve growth at a level of 4.5%.The House of Representatives approved a USD500 million financing agreement provided by the International Bank for Reconstruction and Development to implement the strengthening resilience and prosperity program.British and US ships cautiously returned to the Red Sea after Yemen's Houthi group pledged to stop attacks on the two countries' vessels, suggesting that Suez Canal traffic could resume. Six ships linked to the US and UK had successfully transited the area without being attacked since January 19. ESRS general assembly approved the voluntary delisting of the Company's shares from the Egyptian Stock Exchange (EGX) and the purchase of shares from objecting shareholders or from shareholders unwilling to remain with the Company after delisting, as well as the purchase of the shares underlying the Global Depositary Receipts (GDRs) listed on the London Stock Exchange (LSE) at a price of EGP138.15 per share, as stated in the report of the IFA (BDO), which was disclosed on 13 January 2025. A transaction on 16.006 million HRHO's shares, worth EGP121.5 million, was executed as part of the transfer of ownership of shares for the reward and incentive system. CICH intends to launch its new multi-issue "Sector" Fund early next February. The company announced yesterday the closing of subscription for its multi-issue "Sector" Fund. Suez Canal Economic Zone announced that the beginning of the trial operations at the Suez Canal Container Terminal's facilities in East Port Said is next April. The expansion will increase the capacity from 5 million to 7 million TEUs annually.

Jay Almeida is a distinguished business leader and bank executive whose background in both global finance and prestigious philanthropy set him apart as a trailblazer in every endeavor he undertakes. With a wealth of international experience, Jay has become a respected figure in the worlds of banking, commercial real estate, and philanthropy. His visionary leadership has spanned notable organizations, including his tenure as the past president of Citibank Latin America (Latam) and his current role as President and CEO of BankVision US Corp. Throughout his career, Jay has consistently demonstrated his ability to drive growth, innovation, and strategic insight, solidifying his position as a key figure in the global financial sector. As a dedicated member of the Rotary Club of Miami, Jay has played a pivotal role in spearheading initiatives that continue to have a lasting impact on the community. Under his leadership, the club flourished, featuring the successful Magic 88 campaign, which set a new benchmark for membership recruitment and fundraising. His involvement in the Scholarship Program, awarded over $8 million in scholarships to medical students over the course of 35 years, highlights his commitment to education and creating pathways for future leaders. Beyond his professional and philanthropic contributions, Jay is a dynamic and passionate mentor who seeks to elevate those around him. Drawing from his extensive network of connections, he adheres to the belief that learning is a lifelong pursuit. Whether as a Rotarian, business leader, or community advocate, Jay Almeida exemplifies the principles of service, innovation, and leadership, leaving a legacy of positive change in every project he embraces. His exceptional ability to empower people, foster creativity, and deliver impactful results makes Jay a sought-after leader and a true luminary in both the corporate and philanthropic sectors.

ORIGINAL AIR DATE: September 19, 2022 Before jumping back into Alan A. Block's “Masters of Paradise”, Dimitri and Khalid take a detour through that toddlin' town of Chicago for a mini-History of the Great American Fortunes overview of the Pritzker family's rise to power as portrayed in Gus Russo's “Supermob”, including: the true nature of Illinois' “most equity-centric” marijuana legalization and the “Chicago Cannabis Cartel” run by the Pritzkers, Wrigleys, and koof juice Kovlers, Bloody Maxwell Street and the scrappy origins of Chicago's Jewish business upstarts, ethnic tensions between Waspified German Jews and poor Eastern European Jews, the total despoiling of the Japanese-American Nissei of California during WW2 by the Chicago Outfit, Jay A. Pritkzer personally reaping superprofits off Japanese internment while working for the Office of Alien Property, and San Francisco pedophile real estate tycoon Donald Werby's close relationships with Anton Lavey, Abe Pritzker/Hyatt, and Al Capone. Dimitri and Khalid then return to the sordid saga of Castle Bank and Trust, including: tantalizing leads in IRS Special Agent Dick Jaffe's undercover investigation, “twenty year contract” man Francis Eugene Poe, honeytrapping Mike Wollstonecroft, getting bailed out by sus International Bank of BCCI fame, Paul Helliwell's role in bringing Walt Disney's “Florida Project” (Disney World) to life, Stanford Clinton's mob associations, Henry Ford II's adventures in Sint-Maarten and financing partnerships with Hyatt, Laurence Tisch's management of Paradise Island, stonewalling and leaks inside the IRS, and the climactic showdown between Jaffe and the inscrutable law firm of Levenfeld and Kanter LLP. This is an UNLOCKED episode. For access to premium episodes, upcoming installments of DEMON FORCES, live call-in specials, and the Grotto of Truth Discord, become a subscriber at patreon.com/subliminaljihad.

*This is the final unlocked episode of Demon Forces on the public feed. For access to the upcoming DEMON FORCES VI: The Murder of Yugoslavia episodes and subsequent chapters as soon as they drop, subscribe to the Demon Forces Tier at patreon.com/subliminaljihad.* Dimitri embarks on a terrifying dive into the career of Charles Taylor's most mysterious arms dealer, the elite Nazi paratrooper-turned-Gehlen Org/CIA operative Gerhard Mertins. Topics covered: Mertins rescuing Mussolini with Otto Skorzeny in 1943, joining the Gehlen Org, training Nasser's troops in Egypt, forming Merex Inc. in 1963, working with CIA arms dealer Sam Cummings, clashing with Army Intelligence handlers in Vietnam, bankrolling his friends at Nazi cult torture compound Colonia Dignidad, Mae Brussell tracing Jonestown/Dignidad interlocks, Mertins befriending Zhao Fei and the Pakistanis, joining Bill Casey's crusade, shipping Polish weapons to the Contras, big deals with the Saudis, Arif Durrani, Bin Laden's high school teacher Ahmed Badeeb, Prince Turki bin Faisal and Prince Bandar Bush, hiring the shadowy Joe der Hovsepian, Charles and Bob Taylor becoming Merex agents, International Bank's control of the Liberian Maritime Registry, ominous satellite intrigues, Samuel Doe's relationships with BCCI and Meridien Bank, Bob Gates shitting on “High Maintenance” David Charles Miller, searching for “David Miller” the BCCI snitch, John Tower's suspicious plane crash death, and figuring out once and for all whether Mertins was “Heinrich”, the mysterious German source for Time Magazine's BCCI exposés in 1991. Original Air Date: 08/02/23

Minister Moustafa Madbouly delivered his new government's policy statement to the House of Representatives yesterday and delivered a speech to take MPs through the new government's agenda over the next three years. Main points included (1) an average of 5% growth throughout the entire three-year period, (2) Private investment should make up 60-65% of total investment by 2030, (3) increasing  FDI coming into the country by 14% every year, (4) Increasing the contribution of the industrial, agricultural, communications, and information technology sectors to account for 38% of GDP by the fiscal year ending in 2027, (5) increasing public revenues by 16% every year until the fiscal year ending in 2027.The CBE has released the Balance of Payment (BoP)'s performance report for 9M2023/24. Key points are: The overall BoP recorded a surplus of USD4.1 bn during 9M FY 2023-24, a significant increase from the USD 281.9 mn surplus recorded in the same period in the last fiscal year.Egypt's current account deficit has widened by 225% y-o-y to USD17.1 bn in the first nine months of FY 2023-24, up from USD5.3 bn in the same period in the last fiscal year.The oil trade balance recorded a USD5.1 bn deficit, compared to a USD1.7 bn surplus in the same period a year ago.The non-oil trade deficit improved by USD1.5 bn to USD23.7 bn.Suez Canal transit receipts fell 7.4% y-o-y to USD5.8 bn, with a sharp 57.2% y-o-y drop in the third quarter of the fiscal year after Houthi attacks on vessels passing the waterway started to pick up.Remittances from Egyptians abroad decreased by 17.1% y-o-y to USD14.5 bn during the nine-month period, especially that the EGP flotation didn't take place until early March.Tourism revenues increased by 5.3% y-o-y to USD10.9 bn, up from USD10.3 bn.As for the Financial Account:Net FDI inflows tripled y-o-y to USD23.7 bn, up from USD7.9 bn in the same period a year prior. The lion's share of the inflows came in the third quarter of the fiscal year, where Ras El Hekma agreement was made.Net portfolio inflows recorded USD14.6 bn in portfolio investments in 9M FY 2024-25, compared to a net outflow of USD3.4 bn in the previous year.Remittances from Egyptians working abroad increased in May to about USD2.7 billion, a growth of 74% y-o-y.The International Bank for Reconstruction and Development allocated a soft loan of USD144 million to contribute to the development, modernization and duplication of the “Bashteel - Al Ittihad - Itay El Baroud - Al Nahda” railway line. The Ministries of Industry and Transport are preparing to launch a global promotional campaign to exploit an area of 5 square kilometers of land and logistics areas behind the docks of Sokhna Port, to build a group strategic factories. QNBE recorded, a lower, but still strong 2Q24 net profit post-minority interest of EGP6,699 million (-5% q/q, +70% y/y) broadly in line with expectations, bringing 1H24 net profit to EGP13,742 million (+59% y/y). We remind you that QNBE is among our tier II top picks for 2024. The stock is currently trading at 2024 P/E of 2.9x. Banque du Caire has filed a request with the EGX to raise its authorized capital to EGP50 bn from EGP20 bn. The bank also wants to increase its issued and paid-up capital to EGP19 bn from EGP10 bn.The subscription period of ACTF (Act Financial) for retail investors is set to take place between 9-23 July, while institutional investors between 9-18 July. SWDY shareholders have put sell orders of a total of 427.7 million shares — around 20% of the company — to Electra Investment Holding in response to the latter's offer, whose validity ended yesterday. The voluntary offer submitted by Electra in May targeted a 15-24.5% stake in SWDY, which is over 76% collectively owned by the Elsewedy family.

David Revagliatte meets Stephen Reyes, Chairman of Gibraltar International Bank. Stephen has been a non-executive director at Gibraltar International Bank since 1 September 2014.  An accountant by trade, we learn about Stephen's career journey before joining the bank, his motivations, and his advice for those starting out in finance. We gain an insider's perspective on Gibraltar's banking industry's transformation and discuss the crucial balance of trust and risk management. Learn how Gibraltar International Bank secures client confidence through rigorous staff training and stringent risk management protocols and how it nurtures local talent for the financial sector's growth.Later in the episode, we meet Georgie Weeks, an ex-GFSB team member who pops in to tell us how GFSB members can benefit from her new role at the Infinity Group. Thanks for listening to the Gibraltar Business Podcast by the GFSB! Follow us on Twitter, Linkedin and Facebook!

This Day in Legal History: The Establishment of the World BankOn December 27, 1944, in the midst of a world ravaged by the Second World War, a landmark event in the history of international finance took place at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire, USA. On this day, the World Bank was established, marking a new era in global economic cooperation and development. The creation of the World Bank, also known as the International Bank for Reconstruction and Development (IBRD), was a direct response to the need for a robust plan to rebuild war-torn nations and stabilize the global economy.The World Bank's founding principles were centered on providing financial and technical assistance to developing countries. This move was seen as crucial for promoting international economic stability and fostering global peace. The bank initially focused on reconstructing European countries devastated by the war, but its role quickly expanded to include development projects in many other regions of the world.The establishment of the World Bank was a significant achievement in international diplomacy. It represented a collective understanding among nations that economic stability was paramount to preventing future conflicts. The Bretton Woods Conference, which also led to the creation of the International Monetary Fund (IMF), was instrumental in laying the groundwork for this new financial order.The World Bank's operations have evolved over the years, focusing on various issues such as poverty reduction, infrastructure development, environmental sustainability, and education. Its approach has shifted from merely providing loans for physical reconstruction to addressing broader developmental challenges. The bank works closely with member countries and other international institutions to deliver its programs, emphasizing the importance of sustainable development.This day in 1944 was not just about the formation of an institution; it marked a fundamental change in how the world viewed economic recovery and development. The World Bank's creation was a testament to the power of collective action and international cooperation in tackling global challenges. Today, the legacy of this event continues to influence global economic policies and the way nations collaborate, or don't, for a more prosperous and equitable world, or not.Starting January 1, tens of millions of companies in the U.S. will be required to report their beneficial ownership to the Treasury Department, a measure aimed at curbing money laundering, terrorism financing, and other global crimes. However, as the deadline approaches, many of these companies, particularly smaller ones, remain unaware or unprepared for the new regulations. The American Bus Association and other business groups have expressed concern over the lack of awareness and readiness among their members.The Financial Crimes Enforcement Network (FinCEN) is tasked with collecting this information and has been actively trying to raise awareness among businesses. The new rules, part of the 2021 Corporate Transparency Act, mandate companies to disclose owners' names, addresses, birth dates, and identification numbers. The data will be stored securely and made available to law enforcement and foreign governments under certain conditions.While existing companies have until the end of 2024 to comply, new companies formed in 2024 will have 90 days, and those established in 2025 or later will only have 30 days. FinCEN's outreach includes informational sessions, guides, and FAQs, but challenges in awareness and comprehension persist. Some businesses are consulting professionals to understand and meet the requirements, while others, including the National Small Business Association, are legally challenging the new rules.Concerns about the complexity, cost, and time required for compliance are widespread, especially among businesses with intricate corporate structures. FinCEN estimates that for most companies with simple structures, initial reporting could take about 90 minutes and cost around $85. However, the situation is more complex for businesses with multiple stakeholders or operations across states.The enforcement of these rules is another area of concern, with businesses hoping for leniency in the initial stages, especially for non-compliance due to lack of awareness. Penalties for willful non-compliance include significant fines and possible prison terms. FinCEN plans to continue its outreach efforts into 2024 and believes awareness will grow over time.Companies Scramble to Get Ready As New Owner-Info Rules Draw NearIn 2023, U.S. courts faced challenges with the rising use of generative artificial intelligence (AI) tools like OpenAI's ChatGPT, particularly after incidents where lawyers submitted legal briefs containing fictitious AI-generated case citations. Experts predict an even greater impact from generative AI on the legal industry in 2024 and beyond. Several U.S. judges have begun to address the use of AI in courtrooms, with some issuing orders to regulate its application in legal proceedings.Two New York lawyers faced sanctions for filing a brief with fake AI-generated citations, and a Colorado lawyer was suspended for a similar issue. Judges have been clear that misunderstanding the technology is not a valid excuse for its misuse. Orders regarding AI use in courtrooms vary, ranging from educational to outright prohibitions, with most requiring disclosure or verification of AI-generated information.The U.S. District Court for the Eastern District of Texas implemented a rule for lawyers to review and verify computer-generated content. The 5th U.S. Circuit Court of Appeals is also considering a certification requirement for the use of AI. Bar associations, including the American Bar Association and state bars like California and Florida, are assessing the ethical implications of AI in legal practice.Andrew Perlman, dean of Suffolk University Law School, warns that explicit rules on AI use may be ill-advised due to existing professional conduct rules and potential confusion. He notes that lawyers often use AI without realizing it and believes generative AI will be the most transformative technology in the legal profession.Wary courts confront AI pitfalls as 2024 promises | ReutersAI's Thorny Copyright Questions Create International PatchworkApple Inc. has appealed a U.S. decision to ban imports of certain models of its Apple Watch, following a complaint from Masimo, a medical monitoring technology company. The ban, upheld by the U.S. International Trade Commission (ITC) and not vetoed by President Joe Biden's administration, targets Apple Watches featuring blood-oxygen level reading technology. This technology, according to Masimo, was developed using stolen pulse oximetry technology and incorporated into Apple Watches starting with the Series 6 model in 2020.Apple also filed an emergency request with the U.S. Court of Appeals for the Federal Circuit to pause the ban, at least until the U.S. Customs and Border Protection decides on the patent infringement issue regarding redesigned versions of the watches. The decision on this matter is expected on January 12. Despite the ITC's order, Apple Watches Series 9 and Ultra 2 remain available through other retailers like Amazon, Best Buy, and Walmart.Masimo views the ITC decision as an affirmation of the integrity of the U.S. patent system. Legal experts note that while such disputes are often settled, Apple may be looking to design around the patents or remove the infringing feature. Apple has suspended sales of its Series 9 and Ultra 2 smartwatches in the U.S., but the ban does not affect the Apple Watch SE model.The legal battle also includes a mistrial in a California federal court on Masimo's allegations and Apple's separate lawsuit against Masimo in Delaware. The last time a presidential administration vetoed an ITC ruling was in 2013 in a patent dispute involving Apple and Samsung. The Biden administration previously chose not to veto a separate import ban on Apple Watches based on a patent complaint from AliveCor, although the ITC has put this ban on hold for other reasons. Apple's wearables, home, and accessory business, including the Apple Watch, generated $8.28 billion in revenue in the third quarter of 2023.Apple files appeal after Biden administration allows US ban on watch imports | Reuters Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

It is the NWO banking system. A Centralized web linked to every banking institution worldwide. They will control your assets. They will say who reigns elite in the hierarchy of power. In the web of domination only those that serve will have access to their wealth. Until they say otherwise.

Egypt issued the first sustainable Panda bonds in the Middle East and North Africa at CNY3.5 billion (USD500 million) with a yield of 3.5% over three years. Suez Canal revenues jumped by 34.7% to hit USD9.4 billion up from USD7 billion, and are projected to reach USD10.3 billion by the end of 2023, according to Chairman of the Suez Canal Authority.The House of Representatives gave final approval to some bills: (1) allowing non-Egyptian investors to become registered importers for a ten-year period that could be renewed once. The law will also allow them to hold stakes of up to 49% in trading companies that import into Egypt. (2) Extension of car import scheme for three months, and (3) handing an Abu Dhabi Ports-led consortium with Golden Anchor Ships Operator and Silver Anchor Facilities Management the right through its Safaga Stations Operating Company to develop, build, manage, and operate the Safaga Port for thirty years. Besides, the MPs also approved a loan agreement provided by the International Bank for Reconstruction and Development worth USD500 million, for the purpose of expanding the Takaful and Karama cash transfer program.The government plans to use the proceeds from the sale of 30% stake of Eastern Company, worth USD650 million, to launch a new fertilizer project, in addition to restructuring some existing government fertilizer factories.Minister of Petroleum, Head of the EGX, and Head of the Commodities Exchange agreed to add nitrogenous and phosphate fertilizers, propylene, and petroleum products to the commodities exchange market. SKPC signed a partnership agreement with Nigeria's Rungas Group to establish LPG cylinder manufacturing plant by using polyethylene applications with a capacity of one million cylinder per year. The production will be exported, with the probability of local sale expansion after acquiring the necessary approvals. Egypt's natural gas production declined by 10% YoY to reach 40.5 billion cubic meters during the first eight months of 2023, compared to 45 billion cubic meters in the same period of 2022.According to local media, an Egyptian entity acquired a stake of almost 20% in Arab Company for Tourism and Hotels Investments (ICON) for EGP1.7 billion. According to local media, the almost 20% stake was previously held by Misr Insurance and Misr Life Insurance. We remind you that TMGH (FV: EGP22.55, OW) owns in ICON around an 82% stake which would be valued at around EGP7.9 billion (EGP3.83/share) based on this media-reported transaction.The European Bank for Reconstruction and Development (EBRD) is considering lending USD325 mn to four local banks for on-lending to local SMEs and green projects. The four banks include CIB, NBE, Banque du Cair, and EXPA. The CBE approved the appointment of Amr El-Ganaini as Deputy CEO and Managing Director of COMI.According to local media, cars' spare parts are expected to witness an increase in prices within the next two months by 10-15%, due to the supply shortage in the market and FX pressures. 

Tamar Gutner, associate professor of international affairs at American University's School of International Service, leads the conversation on the international financial architecture. FASKIANOS: Thank you. Welcome to today's discussion of the Fall 2023 CFR Academic Webinar Series. I'm Irina Faskianos, vice president of the National Program and Outreach at CFR. Thank you for joining us. Today's discussion is on the record and the video and transcript will be available on our website, CFR.org/academic if you would like to share them with your colleagues or classmates. As always, CFR takes no institutional positions on matters of policy. We are delighted to have Tamar Gutner with us to discuss the international financial architecture. Dr. Gutner is an associate professor at American University's School of International Service, and expert on the performance of international organizations and their roles in global governance. In 2019, she held a CFR Fellowship for Tenured International Relations Scholars at the International Monetary Fund's Independent Evaluation Office. She is the author of International Organizations in World Politics, published by CQ Press; and Banking on the Environment: Multilateral Development Banks and Their Environmental Performance in Central and Eastern Europe, published by MIT Press. And she recently completed a book manuscript on the birth and design of the Asian Infrastructure Investment Bank and its role in the landscape of development banks. So, Dr. Gutner, thank you very much for being with us today. I thought we could begin by having you outline for us the various change-related proposals and activities facing the World Bank, other multilateral development banks, and the International Monetary Fund. Just a small question, but—(laughter)—over to you. GUTNER: Thank you. Thank you, Irina, for introducing me, and thank you for having me as part of this seminar. I think these seminars are just a fantastic way for scholars, professors, students, and others to engage with these important issues, and I'm really excited to see so many people from around the world and professors and students and I see some colleagues in the audience. So I'm really looking forward to engaging with all of you. Right, so this is a critical time for the IMF and the World Bank and other development banks because their importance has been heightened by the need for them to respond to the various crises and challenges that we're facing now. Many of these, as you know, are quite difficult to solve, like climate change. And the world is also dealing with the ongoing economic and social and health repercussions from the pandemic, the repercussions of Russia's invasion of Ukraine including food insecurity. And we're also living in a time when a lot more countries are at high risk of debt distress, and it's a time when it's becoming clear that progress toward achieving the Sustainable Development Goals are stalling. We also have major geopolitical tensions, which is an issue as well. So the IMF and the World Bank are leading international organizations in this scenario today. The IMF has been called the center of the global financial safety net. And the World Bank, meanwhile, is the leading multilateral source of climate finance, and is also playing a huge role in responding to various development challenges that impact its borrowing countries. And also, the regional development banks are addressing these issues as well. So for people who support multilateralism, there's widespread agreement that no one state or actor can solve any of these cross-border issues on their own. And that means we're living in a time when cooperation and multilateral action is absolutely essential, and these people agree we need more to be done to address these issues. But we're also living in a time when many states have inward-looking politics, where there's rising nationalism and populism. And this has produced people and leaders who either don't see the value of international organizations (IOs) like the World Bank and IMF or they see them as contrary to national interests. The IOs themselves—the international organizations themselves—also struggle with relevance sometimes and mixed performance sometimes. And the IMF and World Bank constantly face criticism. They're always being criticized. But I think one important thing to remember is that there's no consensus among the critics. There are always people who want them to do more. There are people who want them to be abolished. So when you're exploring the kind of critiques of these organizations it's important to keep that in mind, just they're coming from different actors and they have different thoughts. And, meanwhile, these institutions themselves, they have—it's tricky for them because they have a tough job. They have to be responsive to their member-state shareholders, who don't always agree with each other. They have to try to be responsive to other stakeholders, for example civil society actors; they don't always agree with each other or with their member states. And so these institutions are constantly being pulled in different directions and they have to navigate that. To their credit, they do try to adapt and adjust, not always effectively. And there's also variation in what they've done well and haven't done well. But it's precisely at this time today with these international crises that the Bank and the Fund and the other MDBs—multilateral development banks—have to try to do better. And what I want to do is offer you a brief overview of some of their efforts to do so and some of the challenges that face these efforts. So I'll begin with the World Bank, which is in the midst of a process to figure out how to update its mission, its vision, its strategy, and its operating model. And this is a process that has been driven by shareholders, including the G20 members, and lots of other consultations. Last fall—well, first of all, I want to say there are a number of proposals on the table on how to reform the World Bank and other MDBs, and they have in common calling for these institutions to do a lot more to address climate change and other global public goods. And some of them call for more effort to better engage with private capital and to rethink how these institutions, which are in part banking institutions, how they can maximize the impact of their capital. So last fall the World Bank embarked on what's been called an evolution roadmap to think through ideas for what should be done. This came out late last year amid calls for the Bank to be bigger and better. And this initiative was launched by U.S. Treasury Secretary Janet Yellen a year ago, and she led an effort with other non-borrowing and borrowing countries to call for the whole multilateral development bank system to evolve. As she put it, the world has changed and we need these vital institutions to change along with it. So the idea underlying all of these proposals is for MDBs to be more innovative and efficient. India made MDB evolution a priority in its presidency of the G20 this year, and there have been different expert panels that have also called for radically reformed and strengthened multilateral development banks. So what's interesting for this audience is this evolution roadmap process will eventually turn into the World Bank's strategy, its corporate strategy, and the latest version of it will be discussed next week at the IMF-World Bank annual meetings in Marrakesh. So if you're interested in following that, keep your eyes on the news. And the latest version is seeking approval for measures that will allow the World Bank to boost its lending by $100 billion. So this—the document circulating now for the development—the Joint Ministerial Committee of the World Bank and IMF—and we'll see what happens with it. And I'm happy to talk more about the document itself in the Q&A. These efforts to reform the World Bank are also impacting other regional development banks. So, for example, the Asian Development Bank recently announced it, too, will lend an additional $100 billion over the next ten years by relaxing some of its risk rules for its banking, how it manages its assets, without jeopardizing its triple-A credit rating. The IMF also has been trying to change and adapt in recent years. It's not directly part of this evolution framework that's focusing on MDBs, but the IMF has really turned attention to climate change and also to gender and inequality. And it's essentially pushing forward a kind of a slow change in thinking where economists, and finance ministers, and central bank leaders have realized that these issues are essential to macroeconomic stability. So climate change has become a more visible focus of the IMF's work, its work in surveillance, its capacity development activities, and its general work with countries. Its first strategy for mainstreaming gender was adopted in July 2022. And, like the World Bank, it has also created a number of mechanisms to respond to the pandemic. So it has a new resilience and sustainability trust. And the goal of it is to help low-income member states to address climate change and issues like pandemic preparedness. And it also has a new food shock window to offer emergency financing for countries facing food insecurity as a result of everything going on today. So this is—it's interesting to watch both of these institutions. The IMF typically has a harder time changing because it's a more rigid, set in its ways organization. But it, too—it's not your grandmother's IMF anymore. But all of these efforts are going to face their own sets of challenges. And I want to briefly highlight a few of them before we have our Q&A. So in the World Bank's roadmap, which is also being called a new playbook, the question is: Is it a zero-sum game to balance more focus on global public goods like climate change with individual countries' own development priorities? And there are many people who say, no problem. Kristalina Georgieva, the managing director of the IMF, when talking about this balancing issue, she said: Well, we can chew gum and walk at the same time. But these goals may have areas of overlap, where a country's own development issues do coincide with these global public goods, but there may be areas where they do not. And that's something that has to be worked out. There's also some criticism in civil society and other actors about asking the multilateral banks to do much more to engage with the private sector. First of all, this idea has been around for a while, this idea of turning billions and trillions, for example, was part of the 2015 UN Financing for Development Conference. And it hasn't really come through. So it's a difficult issue to do. There's going to be more work on it. But some organizations actually are concerned about potential negative effects of prioritizing incentives for private finance to provide co-financing to development efforts, because private sector goals are not always the same as public goals, right? So there's some areas of tension. And finally, I just want to flag that all of these organizations are calling for more collaboration. Collaboration is almost the magic wand that will help all these efforts to work out better. And, in fact, if you look at the IMF's new annual report, which was just published, it lists on its front page “committed to collaboration.” But, in fact, it's not that easy for these organizations to collaborate. And I'm happy to break that down a little bit more. And so this great emphasis on something that can be difficult will be something that these organizations have to grapple with. I'm happy to talk about more of the issues in our Q&A, but I think I should stop here and open it up to questions or comments. FASKIANOS: Thank you, Tammi. That was fantastic. So we're going to go to all of you for your questions. (Gives queuing instructions.) OK, so I'm going to take the first question from Mojúbàolú Olúfúnké Okome. Q: Thank you. Mojúbàolú Olúfúnké Okome. I'm a professor of political science at Brooklyn College. And I'm just wondering about this financial architecture that is much criticized, as you said. And I'm wondering the extent to which the criticism informs new decisions that are taken. So the criticisms about people who say the organization should be abolished is coming from the Global South, where there's been feeling since the 1970s that these organizations are not sufficiently sympathetic or understanding of the challenges faced by the countries that had unsustainable debt, and are still in a deeper state of unsustainable debt today. So how is the global architecture on these—in these organizations dealing with these challenges? I heard for the first time, like, in the last five years—Lagarde, I think it was—that said, oh, we made mistakes in some of the advice that we were giving. So who pays for those mistakes? People's lives are damaged, economies are wrecked. And you know, so what are the—what's the good of these changes, really? GUTNER: Yeah, thank you so much for that question, because that's a really good reflection on some of the harsh criticism that these institutions face. And I also would not be someone who says they do everything right, because they don't. But it has been interesting to watch some of the ways that they've evolved. So, for example, they do interact much more with civil society than they used to. I mean, it used to be in the old days when the IMF and World Bank had their annual meetings, civil society actors would protest outside on the street in Washington, DC. And I would tell my students, feel free to go down there but please maybe try not to get arrested, you know? So there were—there were very large protests. Now, when they have the annual meeting, civil society actors are in—are part of it. They're engaged in seminars. They're engaged in discussion. The institutions have strengthened some of their accountability measures, although I could argue some of them are also still weak. But there have been changes. So for example, the IMF now addresses and thinks about social protection, which it didn't used to do, and social safety nets, which it didn't used to do in the past. So you can argue that these changes aren't enough, and they're too late, and it's still harmful. But I think there is evidence that they do try to evolve and adapt, maybe not perfectly. And also, it's really difficult to change a huge institution. It's like turning a large ship. You know, it doesn't happen quickly. But the narrative today is different from the past. I mean, there is—there is more focus on climate change, for example. Which you can argue some countries, it's not really their priority. But even that's changing. More countries, more developing countries, are realizing that issues of climate change are related to them, whether it's through natural disasters, you know, hurricanes, floods, mud—you know, all of this. So I think it's—I think this criticism is still out there. And it exists. The institutions are imperfect. But they do—they do slowly try to adjust and adapt. And if you dig into it, if you go into detail, you'll find that they do a better job in some issues than others, in some countries than others, in some periods of time than others. So as a scholar I would argue that you—it's hard to make a blanket statement about them without kind of unpacking, you know, specific cases and over time. FASKIANOS: Thank you. I'm going to take the next written question from Jon-Paul Maddaloni, a military professor at the U.S. Naval War College: For the World Bank, what is the definition of creditworthy? Is this a debt-to-GDP ratio? Is there a standard here that may be part of the developing world grievance against the World Bank? GUTNER: So there are complex ways of assessing that. But basically, one of the major ones is to decide if a country is eligible for IBRD loans, which are International Bank for Reconstruction and Development, the main part of the World Bank, which are loans that have to be repaid. And if a country is relatively less creditworthy or poor countries can access grants, or no-interest loans, or concessional funding from the World Bank's arm that's called IDA, the International Development Association—or, Agency. (Laughs.) I just—I just call it IDA. So if you're—if you're able to access IDA funding, you're relatively less creditworthy. The World Bank also has other facilities to offer—both the bank and also the IMF—capacity development, which is just money given for technical assistance. And those are the different categories for the World Bank. So countries can change category. So if a country becomes more economically stronger, it can graduate from IDA concessional financing. If it becomes weaker, it can access that financing. And there are some countries which can get a blend. In other words, they're creditworthy enough to be able to take some amount of loans, but not enough so that all of their financing can be a loan form. So these are some of the ways that the World Bank responds to different categories of creditworthiness. FASKIANOS: Fantastic. I'm going to take the next question from Fordham's International Political Economy and Development Program. They have a raised hand. If you can just say who you are. (Laughter.) Q: Thank you for being with us today. I'm Genevieve, part of the Fordham IPED Program. My question is, what are some specific examples of how a country's national political landscape and private interests cause these setbacks for cross-sectoral collaboration in these development banking efforts? And how do these large banking institutions work around corruption, for example? GUTNER: I'm sorry. Can you repeat the first part about collaboration—cross-sectoral collaboration? Q: Yeah. What are some specific examples of how a country's national political landscape and private interests cause setbacks for cross-sectoral collaboration for these development banks? And then we could take corruption as an example. GUTNER: So I'm not 100 percent sure what you mean by the—by the cross-sectoral collaboration. When I'm focusing on collaboration, or when the narrative is focusing on collaboration, it's really focusing more on collaboration between, for example, the World Bank and IMF. How do they collaborate? And the answer to that is, they haven't collaborated well for almost eighty years. But that's not—what I think you're asking is, what happens between these institutions and the national level? Well, one issue—the issue of corruption has become much more widely discussed in both the World Bank and the IMF. In the past, it was seen as a domestic political issue, which is really outside their articles of agreement. They're not supposed to get involved in these domestic political issues. But there's much more awareness today that corruption—for example, in the IMF—corruption impacts a government's health—the fiscal health, their ability to have money to spend on development. And the same is true for the World Bank. So there's much more attention on these issues. The institutions still have to navigate carefully so that they don't look like they're getting involved in politics, even though they can't really avoid it. But so corruption is much higher on the priority list. And it can impact a country's ability to get funding from either institutions. So from the World Bank, and they have—they have lists of companies they won't work with in procurement, for example, who are barred from engaging in procurement. And it's part of discussions. It shows up in the partnership—the framework documents that both countries produce for individual countries. So a kind of a—this is a long way to say, it's on the radar and it matters. But a lot of the collaboration issues are related to how the institutions work with each other. But also in country, I should add, that in some countries the donors collaborate on the ground. So they meet together and they try to make sure they're not overlapping. There's—it doesn't always work very well. You know, in some cases it works better than others. But for the institutions to collaborate more with each other, they have faced many challenges in doing that. FASKIANOS: Thank you. I'm going to take the next question from Joshua McKeown, associate provost and director of the international education at State University of New York at Oswego: For context, how much lending does the World Bank do in comparison with regional development banks? GUTNER: Well, I guess it depends. I don't have all that data at my fingertips, but the World Bank in the last—in—let's see, I do have the World Bank data at my fingertips. Let me just pull it up. See where I had it. The World Bank in its current annual report, the IBRD committed $38 and a half billion in 2023. IDA committed $34 billion. The regional banks are much smaller, so the World Bank tends to be the largest. But there's also a lot of variation across the regional banks as well. Now it's important to say that they will often cofinance projects with each other. So the regional banks will engage with the World Bank, and they'll have shared projects, and they'll work together. There are times where they also will compete with each other on occasion. They might both be interested in funding an airport—building an airport somewhere. And one of them may offer more attractive terms than the other. But the competition is not kind of a serious problem, because basically wherever you look in the world, there's almost an infinite demand for infrastructure finance. You know, show me a city that doesn't need a new metro, or the roads repaired, right? So there's a lot of demand out there for these banks to be able to do what they do. And but that has to be tempered with the, on the other side, how much debt can an individual country take on? And that's where we're seeing more serious problems today. FASKIANOS: Thank you. I'm going to take the next question from Samia Abdulle from Professor Fazal's class. And she is at the University of Minnesota: How has COVID-19 renewed the debate about the World Bank's role in international development? GUTNER: That's a great question, because when it comes to crisis, member states turn to these institutions right away. And this is a little separate from your question, but before the global financial crisis, for example, the IMF and the World Bank had seen their demand for their services drop dramatically. There were questions about the legitimacy of the IMF. Then the global financial crisis hit and, boom, they were kind of the go-to organizations to help respond to these issues. So the World Bank and the IMF both responded pretty rapidly to the pandemic. And they each came up with new facilities, they got money out the door quickly, they relaxed some of their conditions. So they both had a kind of a robust response. Now, there are people who are saying, well, it was not enough. It should have been more. But, you know, they did a lot. And in an emergency situation, also, you have to remember, they all had to work at home as well. So everybody was working at home. Nobody could travel, but yet they got a lot of money out the door quickly, in different kinds of ways. And I think what we're going to have to revisit down the road is, did any of that money disappear? You know, where—was there accountability for all this money, because it was moved out the door so quickly. And the head of the IMF, Kristalina Georgieva, would say: Just save your receipts. (Laughs.) Just save your receipts. But that's going to be something to see, what happened with this money, where did it actually go, how did accountability work? But the World Bank alone got $30 billion—it dispersed $30 billion in fifteen months at the beginning of the pandemic in emergency support. So they really did step up. And whether it was enough or not is a matter of opinion. But they moved—they did move quickly. And I should just add, since you asked about—I just want to add one thing. The World Bank was involved in getting people access to vaccines, helping weak health infrastructures in countries, and all kinds of issues related to the pandemic. FASKIANOS: Fantastic. So I'm going to take the next written question from Yiagadeesen Samy, who's the director of the School of International Affairs at Carleton University in Canada: You already covered the AIIB in your opening remarks, and we will be circulating this transcript in the video later, but let's look at the second part of the question. Can you comment a little bit on whether the proposed changes to MDBs are a reaction to China's growing influence? And if so, what your views are about the changing geopolitical economic dynamics? GUTNER: It's so great people are asking these simple questions. (Laughs.) FASKIANOS: I know! GUTNER: Yes. FASKIANOS: Keeping you on your toes! (Laughs.) GUTNER: Yes. So let me preface by saying this: China has different strategies in development banking. On one side, you have the AIIB, for example. On the other side, the Belt and Road Initiative. The AIIB is not—in my research, it's cut from the same cloth as other development banks. It's not a threat. It's a part of the landscape of development banks. It's part of the community. It was designed by an international group of experts. In fact, the person who wrote the AIIB's articles of agreement was an American. And the person who designed the AIIB's environmental and social framework was an American. So it was a—it was a real international effort. And in fact, the World Bank helped the AIIB get set up. So the World Bank volunteered staff and gave the AIIB advice on things like vacation policy and office furniture. This is the Beijing office of the World Bank. And the World Bank even ran the AIIB treasury at the beginning, and it cofinanced projects. So the AIIB is cut from the same cloth as development banks. Now, it does have some differences. It's has—it's much smaller. It has a staff under four hundred. The World Bank is ten thousand, for example. And so there are some people who think it might have spurred the World Bank to pay more attention to doing more on infrastructure, which it had moved away from a little bit because that's the AIIB's focus. But the Belt and Road is something different. It's a bilateral initiative. It's an umbrella for Chinese financial institutions to lend money for infrastructure. It's not actually an organization. It's just an umbrella term. And there are differences, because the banks lending under the Belt and Road, Chinese institutions, they don't follow global norms on environmental and social framework, on safeguards. They're not transparent. We can't—we don't know how the loan is structured. They don't report the lending numbers to the Paris Club, for example. So there's a real difference between China's strategy in the AIIB and China's strategy in the Belt and Road, which reflects the different natures. There's not one Chinese strategy. So I think, in a way, the existing development banks help the AIIB more, and their staff help the AIIB more. The Belt and Road is a separate thing. But what I think is going to be interesting is to see if the borders, the boundaries between what is done following global norms, and rules, and procedures, if there's any kind of crossover with what's inside those borders and what's outside those borders. So for example, the AIIB is hosting a facility to help countries better design infrastructure projects that might be undertaken under Belt and Road. And so we just have to keep an eye on that. But it's not—it's not a bleak or black and white picture, the way some people describe it. FASKIANOS: Fantastic. A good follow up question from Steven Shinkel, who's the military professor of national security affairs at U.S. Naval War College: Can you compare the relative use of concessional loans between the World Bank and China? What about loan forgiveness, especially in regions such as Africa and South America? GUTNER: Right. So most of the Chinese lending under Belt and Road is not concessional. Most of it is not concessional. And often interest rates are higher than a comparative loan, even from the IBRD, even non-concessional lending. So they will often charge higher interest rates, but they will have less conditionality. So a country trying to decide who to take a loan from will have to weigh that. Do we want a lower interest rate loan from the World Bank that might have more policy conditionality, we might have to adjust our policy, we might have to think about environmental impacts more? Or do we want a slightly more expensive loan from a Chinese lending institution, but it doesn't have any strings attached? So that's kind of the part of the decision-making that borrowers have to go through. On debt—the second part was on, I'm sorry, the question disappeared. On debt? FASKIANOS: Oh, sorry. Yes, the second question is: What about loan forgiveness, especially in regions such as Africa and South America? GUTNER: Well, that's something that's being widely discussed right now, because Chinese institutions haven't been as comfortable about that, or as used to that. And they're—you know, they're being pushed by other institutions. Hey, you have to take a haircut too. We all have to—we all have to do that. There is a little bit of that going on. But it's something—I mean, if you read the article suggested in the email about this talk by Deborah Brautigam, she really unpacks that in great detail. And she makes an argument that there's some kind of learning and give and take that's happening and we need to see more of it. FASKIANOS: Fantastic. Next question from Lindsey McCormack, who's a graduate student at CUNY Baruch College: There's a lot of activity in the U.S. and Europe with new disclosure standards on climate and social impacts of corporations. How do the multilateral development banks relate to this activity? Are they seeing more pressure to discuss—oh, sorry—disclose climate and social impacts of their lending? GUTNER: Yes. (Laughs.) Yes. Now, they already do a lot. They already have environmental and social safeguards. And they've all moved away from funding oil and gas, or mostly oil and some gas. So they're moving away from that. And they're all working together, actually—I mean, I think it's an important example of networking—of the network of MDBs—that they're all moving toward meeting—complying with the Paris Agreement and showing how they're doing that. Now, some of this is how they measure things, and how they label things, and how they account for things. So there's still some debate on whether they're doing enough. But there's, for sure, pressure from NGOs and others. And the banks are moving in that direction. And they're—they're proudly touting how their projects comply. A high percentage of their projects are complying with the Paris Agreement. But there's still some interesting criticism coming out. So, for example, there was a recent report by a German NGO that said the World Bank's private sector lending arm, the IFC—that the IFC was making loans for trade support where that money might go into oil and gas. But you can't tell, right? So they were calling for more transparency on how the IMF is—how the IFC is doing trade credits. So that's something that's very recent. You can look that up and read more about it. FASKIANOS: Just to follow on, how are the multilateral development banks structured? And how effective do you think they are? GUTNER: Structured in terms of what? I mean, I can talk generally in case—so they— FASKIANOS: Yeah, I think corporate structure. GUTNER: So they have—they all have board of governors, which are all the top relevant officials of their member states, typically the finance minister or the central bank head. And they meet once or twice a year. And they make the big decisions. So one thing that's important to realize is a lot of these countries are members of a lot of development bank—there's a lot of overlap in membership. And that's also a way to cross-fertilize ideas, and policies, and things like that. They all have boards of directors, which are more engaged with the day-to-day business. And the—voting is based on your shareholding in the development bank. And that is based broadly on your economic strength. So the economically stronger companies have—stronger countries have a larger share and more voting power. And then you have the presidents of these organizations that have an important leadership role. And then you have the staff. So that's basically the structure of these development banks. And meeting next week are the board of governors and the directors in Marrakech for the World Bank and IMF. And you can see how they engage with staff and how they help set the strategic tone for the institutions. FASKIANOS: Fantastic. And I just want to remind everybody to raise your hand if you want to ask a question. Everybody's a little bit shy today, or else Tammi's been so thorough that you have no questions. (Laughter.) But I have more questions. But first, I'm going to go to Don Habibi, who is a professor at the University of North Carolina Wilmington: With yesterday's stock market plunge and political instability in the U.S., how much concern should we have over the multitrillion-dollar national debt? GUTNER: So that's not an issue that directly impacts the international financial institutions, the IMF, and the World Bank, right now. I mean, the U.S. is the largest shareholder of both, and they both—or, the World Bank has a AAA credit rating. So it's not really—we might be concerned over national debt, but so far it's not having a big impact on the dollar. So far, it's not having a big impact on investment. So there's always kind of some concern, but it's not—it's not translating into anything that's making people nervous about how these organizations operate. But, you know, one place to look for an answer, I'll tell you this, is when the IMF does surveillance, it does—which are its reports on the economic health of individual member states. It does these surveillance reports even on the rich countries. It does them for everyone. So I would suggest you look for the latest article for surveillance report that the IMF has done on the United States, and see what it has to say about concerns about debt. FASKIANOS: Fantastic. You recently completed a book manuscript on the Asian Infrastructure Investment Bank. Some policymakers and scholars have argued it is a threat to the World Bank. Can you talk about if you agree with that or disagree? GUTNER: Oh, right. So I answered a little bit of that earlier, actually, which is: I don't think it's a threat because I think it's cut from the same cloth as these other development banks in terms of it has similar policies, it has similar governance rules. The World Bank—it's signed MOUs, memoranda of understanding, with all these other development banks. It cooperates with them. It cofinances projects with them. So I think the narrative of the AIIB being a threat is not correct. Could something change in the future? Who knows. But there has been a recent scandal at the AIIB. And we don't know how that will yet be resolved, where this past summer the Canadian director of communications resigned dramatically, suddenly, arguing that Communist Party committees were somehow involved in the work of the bank. And we—so, Canada froze its membership. So that's a bit of a scandal and a crisis at the AIIB. And Canada is doing its own report on what happened. So I kind of think we have to see what comes out of that report. If Canada decided to leave the AIIB, would it impact any other members? Too early to say. But so far, there's nothing directly threatening about its work. It's walked and talked and behaved like other development banks. It does have some differences. It has a nonresident board, which was seen as a cost-saving measure. You know, why have all these people sit around and cost a lot of money? But there are some civil society actors who think that that could produce less accountability. If the board is not there, you know, the bank has more kind of autonomy to do—more independence. So there are some differences. But so far, it's been just another member of the multilateral development bank system. FASKIANOS: Thank you. All right. We have more hands raised, which I'm very excited about. Tanisha Fazal, who is the Weinstein chair of international studies at University of Richmond: You mentioned the difficulties of collaboration between IMF and the World Bank. Can you please elaborate on what you see as the primary obstacles to collaboration between MDBs? GUTNER: Yes. I'm happy to talk about that. So that was the topic of my year—my Council on Foreign Relations fellowship at the International Monetary Fund's Independent Evaluation Office. And we were evaluating Bank-Fund collaboration. And I was part of the overall evaluation, which you can find online. And I also wrote a separate paper on the history of Bank-Fund collaboration. And I found it to be absolutely fascinating, because these two institutions were created together at the Bretton Woods Conference. And they're called the Bretton Woods twins. They're literally across the street from each other. There's an underground passage that connects the two. They interact all the time. They have a joint orchestra. I don't know if anybody knew that. (Laughs.) They used to share a library. So there's a lot of—if any two organizations should be able to work closely together, it's these two, right? This should be your best case, and yet they've struggled for their entire existence. And I think one of the obstacles is that over time their issues have overlapped. So an example of that is today, when the IMF is doing more on climate change, gender, and inequality, which traditionally is the work of the Bank. So their work has kind of—over time, given the issues facing the world, it's kind of naturally overlapped. And what I found that was very interesting is in over twenty-five different formal attempts the two institutions produced to collaborate with each other—memos and announcements by the heads of the institutions—for decades, what they meant by collaboration was turf delineation. Collaboration meant you stay out of my territory. (Laughs.) I don't think of that as collaboration. It's working together on a common objective, right? So that was what they meant by it, and for many years what they—what the solution was, that the institution that's not in charge of this issue should yield to the judgment of the other one—the yield to the judgment one. So I think turf overlap has been a problem. But even when they make an effort, often they have different incentives, they have different budget cycles, they have different—you know, it's just not that easy. And the IMF's latest strategy for collaboration has been when IMF staff encounter an issue that they don't have expertise in, they should leverage the expertise of the World Bank and other partners. Well, that, to me, sounds like one-way collaboration, which is an oxymoron, right? That if the IMF needs help, it should call the IMF and get help—I mean, call the World Bank and get help. But for the World Bank, they might be busy. (Laughs.) So those kinds of challenges persist. There have been times where they do create a truly collaborative effort, like the HIPC Initiative, or the FSAPs, or the PRSP—sorry for all the acronyms—but where they—where they have a shared work program and shared guidance and shared expectations. Those have tended to work better than big umbrella exhortations by the leaders saying: Collaborate! You know, do more collaboration. Those have tended to work better, but they also run into individual problems. So really, the upshot is, even though you would expect collaboration to be the easiest and make most sense between these two institutions, in fact, it's often been a struggle. And some people found, when I mentioned the IMF's resilience trust, that's something that would normally have been undertaken by the World Bank. So they have not—they have had challenges collaborating, and those continue. FASKIANOS: Thank you. And I need to correct the record, my apologies. So that question was from Tanisha Fazal, who is an associate professor of political science at the University of Minnesota. So the next question is from Sandra Joireman, who is the Weinstein chair of international studies at University of Richmond. So my apologies. So this this question is from Sandra: Some of the previous efforts to address the environmental impacts of certain projects were ineffective. Do you think new efforts to address the environment and climate challenge change will be better? If so, why? GUTNER: So I'm guessing you're referring to the World Bank? And, yes, there's a whole long history of the Bank addressing environmental issues. And it really started in the 1980s, when NGOs identified projects that had gone horribly wrong and caused enormous environmental degradation. Like the Polonoroeste highway in Brazil. It was a famous—infamous example. And the Narmada dam in India. These are infamous examples. But when you look over the years, there have been improvements to what kinds of things the Bank can lend money to, how strong the environmental and social safeguards are. So when I look at the whole history of the World Bank and environment, I basically see it is not a one-way trajectory, and as forward or backward. I see it as more zigzag steps, some forward steps, some backward steps, some forward steps, some backward steps. So overall, because climate change is becoming one—it's about to become a major part of the Bank's mission and vision. So before it was shared prosperity and poverty reduction, and now it's going to—if it's all approved next week—it will be shared prosperity, poverty reduction, and a livable planet. So climate change is kind of moving the front row and center. And that will make it harder for the Bank to fund projects that can be criticized. It will make it much more important that it follows these solid environmental and social framework rules. So I think it's a move in the right direction. But as I mentioned earlier, we're still seeing criticism from NGO about things slipping through the cracks, like trade finance, right? Or another area that's weak is the World Bank—the IFC and the World Bank will sometimes lend money to financial intermediaries. So it's like—it's like lending money to a local bank that then lends it out for something else. And there's been less oversight about how that money is on lent, and whether that can go for something that's damaging to climate change or the environment. So they're moving in the right direction. I think there's been progress. I think there's been backward steps and forward steps over the whole arc of the World Bank's efforts in this area. And I think there's still going to be some criticism as they address some of these areas where there's slippage. FASKIANOS: Thank you. I'm going to take the next question, a raised hand from Sheri Fink. So, Sheri, if you can say who you are and accept the unmute prompt. Q: Oh, I'm sorry. I think I pressed the wrong button. I didn't mean to raise my hand. Sorry about that. FASKIANOS: OK. No problem. All right. I will take the next question from Eric Muddiman, master's student at Norman Paterson School of International Affairs in Ottawa, Canada: In terms of mobilizing more private capital and development, there has been discussion on MDBs' role in mitigating risk. Private sector are not allowed to invest in BB/BBB ZIP code investments from a regulatory perspective. Are there concrete proposals advancements in these discussions? GUTNER: Yes. Do I know what they all are? No. It's kind of a live discussion. And I know, in the new World Bank—the latest version of the evolution roadmap, there's talk about creating, like, a lab—an innovation lab, or a private sector lab, to try to do more. Some of the banks have hubs in some areas where they—areas in the developing world where they might have better access to private sector actors. And they're trying to engage with private sector actors in conferences and find ways of discussing project ideas. So that's not as concrete as you like, perhaps, but there are efforts to think about this. And there was a seminar at the spring meetings with private sector actors who are also saying that they felt they could do more to engage colleagues and find ways to bring the private sector and public sector together. So there are initiatives, seminars, hubs, labs. You know, all of this stuff is kind of lively and happening right now. And I do think it will be interesting to see what, if anything, catches on. Because, as I mentioned earlier, this discussion has been going on even before 2015, but the turning billions into trillions discussion. And it just hasn't worked out that well, because of these issues like risk, right? Private sector actors may not want to involve in countries where the risk is too great and where countries don't have capacity, where they have weaker capacity. So there are many challenges in this area. And just a variety of activities and ideas being put forward to try to respond. FASKIANOS: Thank you. Next, a raised hand for Walton Brown. You can accept the unmute. There you go, Walton. Q: So I too—I didn't intend to hit anything. I'm so sorry. FASKIANOS: OK. That's OK. GUTNER: You can still ask a question. (Laughter.) FASKIANOS: That's OK! You can still ask a—exactly, Tammi. We can—we can still—we love hearing from you all. So, all right. Well, we will continue on— Q: And my phone is troubled. FASKIANOS: Phone is troubled. (Laughs.) No problem. That's just fine. OK, so I'm going to go next to—let's see, we've got several who don't have affiliations, but let me go to Holley Hansen: A lot of previous questions have focused on the World Bank or IMF operations. But going back to your original remarks, there also been discussion on how internal rules and procedures, such as voting, leave stakeholders out of the decision-making process. What major suggested reforms to internal decision-making do you think are viable? And what are the pros and cons of changing those rules? GUTNER: Well, the voting is part of internal decision-making. So the voting is part of that. And the real issue has been, how can—well, one of the real issues is shouldn't China have a greater stake? Shouldn't China have a higher stake? Because China is now the number-three largest stakeholder in the World Bank and the IMF, after the U.S., number one, and Japan, number two. But its stake, at around 6 percent, is really less than it should be if you follow the kind of formula they use to calculate a state's economic strength. It's been calculated that really it should be more like 12 percent, right? So part of the discussion is how to give developing countries, and especially China, more weight in governance through the—through the voting share. And that's an ongoing discussion. Right now, in today's kind of more tense political—global political environment, it's hard to imagine the U.S. supporting something like that at this juncture of time, although there have been reports that the managing director of the IMF is open to it. So I think this is going to be one of the issues that is discussed in Marrakesh next week, what to do with these voting shares? But they do adjust them every so often. So China did move up from having a lower ranking to now being number three in the IMF and World Bank. So it does happen over time. Internal decision-making is a whole complicated other kind of issue. And these development banks, you know, they all face internal decision-making challenges. They all face kind of common tensions. So one of them is how you balance authority between the country—people who work in the country and people who work on sectoral issues. So how do you—who should—who should have more decision-making authority, the country level or the sector level? There are decision-making issues and tensions between the public sector lending arms of these development banks and the private sector lending arms, because they have different incentives and different goals. So there have been challenges inside these development banks with kind of internal silos and where power and authority should be held. And it's hard to come up with what the right answer is. You know, there are pros and cons to giving more power to the country or more power to the sector. And in fact, these banks restructure from time to time. And if you look at kind of the history of the restructuring of some of the major development banks, they sort of move back and forth between where they think authority should be located. So these issue—it's a whole other can of worms than voting power on the board of directors. But it's important, because it can affect their performance. It can affect their performance and their ability to function effectively. FASKIANOS: Thank you. I'm going to take the last question. We have several quick questions from Fordham again. Let's see. There you go. Q: OK, thank you. So in the worst case scenario that the U.S. and China engage in conflict in Taiwan, how would the World Bank respond to the economic shocks of this in geographically vulnerable neighboring countries, such as Vietnam, Laos, and the Philippines? GUTNER: That's a tough question. Thank you for ending this with a really tough question. We're not supposed to say I don't know. (Laughs.) We're supposed to have—that's a tough one, because, again, China is number three at the World Bank. So if China—couldn't—most of the time voting doesn't happen. Most of the time, it's consensus. So it's hard to predict. I mean, you'd have to unpack a lot of different things there. You'd have to unpack what kind of—what would the World Bank normally do? Would it normally—would it affect development lending to neighboring countries? I mean, it's interesting to look at the case of Russia's invasion of Ukraine and how—what the response to that has been, because Russia's a member of all these institutions too. But the development banks mostly froze lending to Russia. Also, the AIIB did, because it had to comply—to comply with these sanctions. So Russia lending has been frozen. And these institutions are all giving money to Ukraine to help Ukraine rebuild. So there is kind of a situation that can be—that can be used to compare, to kind of get ideas about what might happen, right? And even at the AIIB, Russia is number three largest shareholder in the AIIB. It's China, India, and Russia. And the AIIB immediately froze lending to Russia. So we could—we could kind of play out different scenarios, but there's a lot of unknowns in that case. And I do think looking at the response of MDBs to Russia's invasion of Ukraine could provide some useful lessons. FASKIANOS: Tammi, we are at the end of our time. And I apologize that we couldn't get to all the questions. I wonder if you could just take a minute. You were awarded a CFR Fellowship for Tenured International Relations Scholars, which allowed you to work—be placed in a government office. So if you could just take a minute to talk about that experience and encourage other professors to apply. The deadline's coming up. It's the end of October. So it just would be great for you to just give us your— GUTNER: Absolutely, yes. All the professors in the audience, please apply for this, because it's a special, invaluable experience. When you're—when you're studying something, and you have the opportunity to be an insider for a year, I can't even tell you how much you learn. I learned being—and it's a two-way street. They benefit from the expertise of the scholars who are coming in because we bring a different perspective. We bring different analytical and methodological tools. And I just can't tell you how much I learned that I could never find out as an outsider, including the IMF-World Bank orchestra, or the—(laughs)—yeah, actually, maybe some outsiders know that. But really, to open up the black box of an organization and see firsthand about how things work internally, what the culture's like, how things get done, what happens in the hallways. I mean, all that stuff, all of those kinds of details really enhanced my scholarship and shaped my research direction, working on these issues of collaboration, for example. So if any of you are considering applying, please feel free to get in touch with me if you have any questions about the fellowship. I'd be happy to discuss it with you. FASKIANOS: Thank you. Thank you for that, and for your amazing insights into these issues. And to all of you for your great questions. You can follow Dr. Gutner on X, the app formerly known as Twitter, at @TGutner. And for the students on this call, CFR has paid internships. So to learn more about the internships you can go to—and also the fellowships—you can go to CFR.org/careers. Follow us at @CFR_Academic, and visit CFR.org, ForeignAffairs.com, and ThinkGlobalHealth.org for research and analysis on global issues. And the next Academic Webinar will take place on Wednesday, October 11, at 1:00 p.m. (EDT). Landry Signé, senior fellow at the Brookings Institution, will talk about Africa on the global stage. So, again, thank you to Tamar Gutner. And to all of you, have a great rest of your day. GUTNER: Thanks for having me. And thanks to everyone for attending. (END)

FULL EPISODE: https://www.patreon.com/posts/158-demon-forces-87066105 For access to full-length Patreon episodes, upcoming installments of DEMON FORCES, and the SJ Grotto of Truth Discord, subscribe to the Al-Wara' Frequency at patreon.com/subliminaljihad. Dimitri embarks on a terrifying dive into the career of Charles Taylor's most mysterious arms dealer, the elite Nazi paratrooper-turned-Gehlen Org/CIA operative Gerhard Mertins. Topics covered: Mertins rescuing Mussolini with Otto Skorzeny in 1943, joining the Gehlen Org, training Nasser's troops in Egypt, forming Merex Inc. in 1963, working with CIA arms dealer Sam Cummings, clashing with Army Intelligence handlers in Vietnam, bankrolling his friends at Nazi cult torture compound Colonia Dignidad, Mae Brussell tracing Jonestown/Dignidad interlocks, Mertins befriending Zhao Fei and the Pakistanis, joining Bill Casey's crusade, shipping Polish weapons to the Contras, big deals with the Saudis, Arif Durrani, Bin Laden's high school teacher Ahmed Badeeb, Prince Turki and Prince Bandar, hiring the shadowy Joe der Hovsepian, Charles and Bob Taylor becoming Merex agents, International Bank's control of the Liberian Maritime Registry, ominous satellite intrigues, Samuel Doe's relationships with BCCI and Meridien Bank, Bob Gates shitting on “High Maintenance” David Charles Miller, searching for “David Miller” the BCCI snitch, John Tower's suspicious plane crash death, and figuring out once and for all whether Mertins was “Heinrich”, the mysterious German source for Time Magazine's BCCI exposés in 1991.

Social protection is a set of policies and programmes designed to reduce and prevent poverty and vulnerability over a lifetime and has consistently proved to be an indispensable policy tool for realising multiple human rights. It ensures that people can navigate everyday life challenges with equanimity and economic security and equips societies to deal with crises. In his keynote address to the IIEA, ILO Director-General Gilbert Houngbo outlines how social protection is a precondition for achieving inclusive and sustainable development and is an engine of development itself. He will discuss how the ILO's strategy for building social protection systems, guided by international labour standards, can ensure that all countries build and maintain systems such as access to essential health care and to basic income security. He explores how pursuing the objective of universal social protection is both an ethical and rational choice and one that paves the way for social justice for all. Despite laudable progress made in expanding social protection in recent years, today, some 4 billion people are totally unprotected due to significant underinvestment. While closing this 'financing gap' is a challenge, it is not unsurmountable. About the Speaker: Gilbert F. Houngbo was elected by the Governing Body of the International Labour Organization (ILO) as its 11th Director-General, the first African to hold the position. Prior to this, Mr Houngbo was the President of the International Fund for Agricultural Development (IFAD). He previously served as Deputy Director-General for Field Operations and Partnerships at the ILO. A former Prime Minister of Togo, he also held several posts at the United Nations Development Programme (UNDP), and as Director of Finance at the International Bank of Mali. Mr Houngbo is also Chair of UN-Water and Chair of the Board of the Natural Resource Governance Institute.

Welcome back, ladies and gentlemen, to another episode of "IAS COMPANION." Today, we delve into the intriguing aftermath of World War 2 . The war had reshaped the world order, leaving nations grappling with new realities and challenges. Join us as we explore the emergence of new superpowers, the birth of the United Nations, the onset of the Cold War, and the establishment of a new economic world order. Let's dive in! World War 2 marked a turning point in global power dynamics. The once-dominant superpowers, Britain and France, now yielded to new giants on the world stage – the United States and the Soviet Union. As the war drew to a close, their influence grew, shaping the course of history for decades to come. However, it wasn't just the superpowers that experienced significant change. The post-war era witnessed the dismantling of colonialism in Africa and Asia. Britain and France, faced with domestic and external challenges, could no longer maintain control over their colonies. The winds of change swept across continents, paving the way for decolonization and the birth of new nations. Amidst the ruins of war, a beacon of hope emerged – the United Nations Organization. While the League of Nations had faltered in its mission to maintain peace, humanity did not lose faith in its aspirations for a safer and happier world. The UN Charter embodied these hopes and ideals, providing a platform for nations to come together and work towards lasting peace. It is interesting to note that the foundations for the United Nations were laid even before the end of World War 2 , under the Atlantic Charter. The vision for a global organization dedicated to the pursuit of peace and cooperation was already taking shape, waiting for the war's conclusion to become a reality. The end of the war brought about a conference in Potsdam, Germany, where peace treaties were negotiated. The defeated countries, like Germany, lost territories and were burdened with reparations to be paid to the victorious Allies. In Germany, the capital city of Berlin was divided into four zones, each controlled by Great Britain, the United States, France, and the Soviet Union. However, the ideological differences between the western Allies and the Soviet Union became increasingly apparent over time. This division ultimately led to the separation of Germany into two distinct countries: East Germany, under a Communist government, and West Germany, a democratic state. These developments laid the foundation for the Cold War, a period of intense rivalry and tension between the two opposing blocs. As the world sought to rebuild and stabilize, the Bretton Woods Conference played a pivotal role in shaping the new economic order. Held in Bretton Woods, New Hampshire, during the war, this conference aimed to establish financial arrangements for the post-war era. The International Bank for Reconstruction and Development, now known as the World Bank, was created to provide long-term capital to nations in need, while the International Monetary Fund (IMF) aimed to stabilize exchange rates and address short-term imbalances in international payments. In addition, the United States dollar emerged as the reserve currency for world trade, solidifying America's position as an economic powerhouse. #UPSC #IASprep #civilserviceexam #IASexamination #IASaspirants #UPSCjourney #IASexam #civilservice #IASgoals #UPSC2022 #IAS2022 #civilservant #IAScoaching #UPSCmotivation #IASmotivation #UPSCpreparation #IASpreparation #UPSCguide #IASguide #UPSCtips #IAStips #UPSCbooks #IASbooks #UPSCexamstrategy #IASexamstrategy #UPSCmentorship #IASmentorship #UPSCcommunity #IAScommunity #UPSCpreparation #IASpreparation #UPSCguide #IASguide #UPSCtips #IAStips #UPSCbooks #IASbooks #UPSCexamstrategy #IASexamstrategy #UPSCmentorship #IASmentorship #UPSCcommunity #IAScommunity --- Send in a voice message: https://podcasters.spotify.com/pod/show/theiascompanion/message

David Revagliatte meets Peter Horton, CEO of Gibraltar International Bank. With nearly four decades of experience in banking and financial services, Peter brings a wealth of knowledge and expertise to his new role at the bank. He's spent much of his career in senior roles across Africa, the Caribbean, the UK and now Gibraltar. The episode covers his plans for the bank and its services for local businesses. Last in season. Thanks for listening to the Gibraltar Business Podcast by the GFSB! Follow us on Twitter, Linkedin and Facebook!

Remittances span beyond overseas workers sending money back home. With more and more of our financial transactions going digital, people are remitting money to pay for overseas education, property, healthcare, or tourism. Dive deeper into global remittances, particularly in Asia Pacific, with Deepan Dagur, Vice President, Head of Visa Direct, Asia Pacific at Visa, and Aswin Phlaphongphanich, the Co-Founder and CEO of DeeMoney, Thailand's leading FinTech specializing in international money transfers. Sit back and press play on the new episode of Money Travels, presented by Visa. Follow UsWebsite https://www.visa.com/visadirectLinkedIn @Visa DirectPresented by Visahttps://usa.visa.comVisa Direct capability enabled through a financial institution partner.Visa Direct product availability and functionality varies by market.The views and opinions expressed in this podcast are those of the speakers and do not necessarily reflect the views or positions of any entities they represent.Visa neither makes any warranty or representation as to the completeness or accuracy of the information within this podcast, nor assumes any liability or responsibility that may result from reliance on such information and any information from third parties. The information contained in this podcast is not intended as investment or legal advice, and listeners are encouraged to seek the advice of a competent professional where such advice is required.All brand names, logos and/or trademarks are the property of their respective owners, and do not necessarily imply product endorsement or affiliation with Visa.Visa Direct product availability and functionality varies by market.Visa Direct's actual fund availability depends on receiving financial institution and region.Use cases are for illustrative purposes only. Program providers are responsible for their programs and compliance with any applicable laws and regulations.The Visa controls described in this podcast are for Visa's internal compliance purposes. Visa Direct clients and participants should always consult and seek approval from their internal compliance teams on sanctions screening controls and processes. Visa Direct clients and participants are solely responsible for their own compliance with applicable laws and regulations.This podcast contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to, among other things, our future operations, prospects, developments, strategies, business growth and financial outlook. Forward-looking statements generally are identified by words such as "believes," "estimates," "expects," "intends," "may," "projects," “could," "should," "will," "continue" and other similar expressions. All statements other than statements of historical fact could be forward-looking statements, which speak only as of the date they are made, are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond our control and are difficult to predict. We describe risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, any of these forward-looking statements in our filings with the SEC. Except as required by law, we do not intend to update or revise any forward-looking statements as a result of new information, future events or otherwise.Migration and Development Brief 37 November 2022, International Bank for Reconstruction and Development/The World Bank, November 2022, knomad.org.“Reimagining travel: Thailand tourism after the COVID-19 pandemic,” McKinsey & Company, November 30 2021, mckinsey.com.Data collected as part of the Market Sizing research project conducted by Accenture, 2017.Data collected as part of the Market Sizing research project conducted by McKinsey, 2018.Copyright ©2020 “Profile of International Transactions in US. Residential Real Estate.” NATIONAL ASSOCIATION OF REALTORS®. All rights reserved. August 6, 2020, https://www.nar.realtor/sites/default/files/documents/2020-international-transactions-in-us-residential-real-estate-08-06-2020.pdf

  Eddie Aldrete was just living his life in a suburban part of Washington DC, but he unexpectedly found himself at the forefront of bridging the US-Mexico relations. His career has taken him on a journey of advocating for a more inclusive and economically prosperous future, earning him respect from both sides of the border. What impact will Eddie's unique perspective have on the future of US-Mexico relations? In this episode of big city small town with Bob Rivard, we will: Delve into the complexities of US-Mexico relations, focusing on immigration, border security, and economic possibilities. Discover the strategies to reinforce San Antonio's cross-border business partnerships for enhanced economic growth. Uncover the potential benefits and drawbacks associated with local charter reform initiatives. Get an insider's look at Eddie Aldrete's new podcast, Beyond the Bite, and the exploration of the intersection between politics and business. Analyze the influence of Proposition A on policing policies and crime rates in San Antonio. Eddie Aldrete is well-known for his deep understanding of the intricate US-Mexico relationship, providing valuable insight on cross-border trade, immigration, and border security. With over 16 years of experience as a Senior Vice President for Laredo-based International Bank of Commerce, Eddie has been a trusted advisor to government and business leaders in both countries. He has also served as the Chairman of the San Antonio Hispanic Chamber of Commerce and the National Immigration Forum. Eddie's background in journalism and his pro-business centrist views have made him an in-demand communications consultant in Texas business circles. The resources mentioned in this episode are: Establish a more comprehensive and functional immigration reform system that addresses the resumption of skilled workers obtaining visas and creates a more orderly system for asylum seekers. Assign U.S. embassies abroad to handle asylum seekers in their home countries to prevent the dangerous and life-threatening journeys to the U.S. border. Focus on the root of the immigration problem by working with countries of origin to address crime, corruption, and lack of economic opportunity. Renew and maintain the relationship between San Antonio and the Mexican government, regardless of political differences, to ensure continued collaboration and success for both cities and states. Move offshore jobs from Asia to Mexico and Central America to address supply chain issues, stop underwriting China's militaristic growth, and contribute to a solution to the waves of immigrants at the U.S. border. Invest in collaborative startup communities like Geekdom in San Antonio to support entrepreneurs and help startups launch, creating job opportunities and generating revenue for the city. Visit www.geekdom.com to arrange a visit to the collaborative startup community in San Antonio and explore the opportunities for entrepreneurs and startups to grow and succeed. San Antonio's Relationship with Mexico San Antonio has a rich history when it comes to its connection with Mexico. This connection dates back to the time before Mexico was even established as a country, when San Antonio was a part of New Spain. Over the years, the city has cultivated its bonds with Mexico through business, political, and cultural interactions. This has given rise to a special relationship, which is vital to the economic and social growth of the region, as well as providing a way for both nations to resolve their key concerns. In the podcast, Eddie Aldrete talks about the significance of San Antonio's relationship with Mexico and the need to rekindle the exchange of ideas and experiences. In the past, San Antonio mayors would visit Mexico through the Hispanic Chamber of Commerce's annual trips to meet with the Mexican president, thus building stronger ties between the two nations. Aldrete believes that resuming these trips would help in enhancing the existing bond and open more doors for collaboration on various fronts.

The World Bank is "extremely pleased" with the response from investors and reinsurance markets to the recent placement of $630 million of catastrophe bonds and catastrophe swaps to protect Chile, according to Jorge Familiar, Vice President and Treasurer.  Jorge Familiar of the World Bank joined us in March 2023 for an Artemis Live interview to discuss the recent successful placement of $350 million of International Bank for Reconstruction and Development (IBRD) issued catastrophe bonds, alongside $280 million of catastrophe swaps, to provide the Republic of Chile with $630 million of earthquake insurance protection.  Familiar explained that the investor response was gratifying and said that it was important to time the issuance carefully, in order to maximise execution for the country.  "We are extremely pleased with the response," Familiar said.  "Markets have been going through a period of volatility, and there are many elements of uncertainty. So, you know, finding the right time and the right structure to do this was was important and I don't think that the outcome could have been any better," he explained.  World Bank Treasurer Familiar added, "I'm very pleased with the result of the operation, by going simultaneously in bond and swap form really created value for for Chile.  "The size of the operation kept going up as market interest started materialising and then the pricing of the operation came out at very reasonable terms.  "So, you know, strong demand that helped us create significant value for Chile."  Listen to the full episode for more insights from World Bank Treasurer Jorge Familiar.

Devin: What do you see as your superpower?Ruth: When I was growing up, my father, who was also an entrepreneur, basically imparted this sense of self-determination, you can just state what you want to be—put what you want to be out in the world, and then you can become it.This is huge. I mean, this is big. I'm talking $250 billion. Coca-Cola Company has recently launched a FINRA-regulated crowdfunding business. I'll wait a moment while you let that sink in.One of America's most valuable brands, one of its most prominent companies, and one of its most popular product owners has decided to enter the crowdfunding fray.Led by crowdfunding leader Ruth Hedges, who has been working in the industry for over a decade, is leading the new enterprise called Rise Up Crowdfunding.Ruth says, “I've been trying to get corporate America to wake up to the value of this.” Well, it looks like she's done it. She describes the business as “a funding portal that's focused on women and minorities and veterans—the LGBTQ community—who have been horrendously left out of every other form of capital, most egregiously venture capital.”Coca-Cola has a bit of self-interest at work here. With ambitious goals for hiring diverse subcontractors, the behemoth company is struggling to find companies with women, Black, Hispanic or LGBTQ owners capable of handling its volume.Ruth explains, “We're trying to help those companies that have the skills and the infrastructure but need to scale all of that to meet the demand of the contract and help them raise up to $5 million on Rise Up Crowdfunding.”Ruth and Coca-Cola are taking this to the next level:We're doing something else, and that is something I wish the venture capital world had done 50 years ago. We are requiring the entrepreneurs who qualify to be on our funding portal to pledge for equal pay, pledge for sustainability policy, to care about the planet—to have a diverse board. All the things that we've been fighting for, we are now making that a requirement, so they will not be able to get on the funding portal if they're not committed to these things.She adds, “If venture capital groups and angel groups had required living wage of all the companies they funded over the last four or five decades, Bernie Sanders would be out of business.”Ruth got started with investment crowdfunding before there was such a thing. After reading a blog post by Sherwood Neiss in 2008, she found his phone number and called him to say, “I think you're my brother from another mother.”Recognizing they needed a literal act of Congress to allow for investment crowdfunding, they went to work to do just that. “We started calling everybody we knew, going to Washington DC and walking the halls. I brought Senator [Harry] Reid into the mix and convinced him of the validity of this.”On April 15, 2012, President Barack Obama signed the JOBS Act into law, giving birth to the industry with what the Securities and Exchange Commission ultimately called Regulation Crowdfunding.Not one to set small goals, Ruth has set her sights on achieving scale quickly. She's designed an effort to get “a million people to sign a pledge that says, ‘I pledge to put $100 into some offering in 2023.'” With that promise, $100 million of capital will be available to companies using Rise Up Crowdfunding.That sounds ambitious, if not impossible, until you consider the backing of Coca-Cola. With a veritable army of employees and connections to a huge cadre of vendors and commercial customers, reaching a million people begins to feel downright reasonable.Ruth has a message for venture capitalists, too. “Look, if you're going to keep rejecting all of these diverse entrepreneurs, these women entrepreneurs, send them our way.” She plans to deliver that message to the venture community until it sticks.Ruth has built her success on the confidence she learned from her father. She believes she can do anything she puts her mind to do. That's a superpower!How to Develop Confidence As a SuperpowerHer confidence comes from taking her father's confidence in her to heart and building on it with unshakable determination. “When I tell [people] something, I will follow through 1,000 percent,” she says. “Failure is not an option. I will walk through fire to make something happen.”She shared a story from early in her career to illustrate:There was a food truck, or they used to call them, roach coaches. This roach coach drove up to a private school in Bel Air, California, where a friend of mine's mother was a teacher. The bell would ring, and the kids would go out, and they'd order their food from the truck. And that was the entire food program. Some rich kid got food poisoning. The next day, the phones are ringing off the hook. And lawsuits—they were threatening lawsuits. “If you don't get another substitution for this roach coach, we are taking our kid out of your school.” So, my phone rang, and it was like, “Hey, do you want to start a catering business at this private school in Bel Air?”I called my parents. I didn't have a pot to piss in. They gave me $1,000. I literally started catering business with $1,000, a cutting board, a few bowls and some other stuff. And 18 years later, I had made $15 Million. I never borrowed a dollar from anybody. I did it all. I didn't use any line of credit. I literally launched a business. I ended up with 12 employees and two locations. I eventually expanded into a law firm in downtown Los Angeles called Latham and Watkins and did their food service for their executive dining room. I did thousands of weddings and bar mitzvahs and parties and all kinds of things over those years.The key to developing this powerful self-confidence is “self-discipline,” Ruth says. “I think that that commitment to being disciplined in their journey of whatever it is they want to do is is is definitely going to be a requirement and something they would have to commit to.”You can make self-confidence a superpower that enables you to do more good in the world by following Ruth's example of self-discipline and commitment.This book, The International Bank of Bob, is a decade old but as relevant as the day it was written. If you haven't discovered this one, you'll likely enjoy it. Note that Kiva, the subject of the book, was an early player in investment crowdfunding. Because the platform only promises the return of capital and not a return on it, it isn't regulated like other investment crowdfunding portals. Get full access to Superpowers for Good at devinthorpe.substack.com/subscribe

As one of the biggest Ponzi schemes collapsed, some of the decisions about who should be compensated earned a closer look from the Supreme Court. https://uklawweekly.substack.com/subscribe Music from bensound.com

Join our community This podcast episode is sponsored by Uncover, the new podcast by ComplyAdvantage. Join the CEO and his team as they interview compliance leaders, FinTech innovators, and financial crime experts to uncover the latest best practices and industry trends. Subscribe on Apple Podcasts or Spotify today NEWS HIGHLIGHT Ant rolls out a BNPL product in Hong Kong. Users will be able to pay in installments when shopping on AlipayHK's network of merchants as well as on the e-commerce platform Taobao. Link here BREAKING NEWS Revolut chat function will integrate NFT profile pics. The new messaging tool marks the next step in Revolut's mission to establish itself as a super-app. Link here Buy now, pay later lender Openpay has been given a formal warning for failing to establish, implement, and maintain an anti-money laundering programme. Link here FINTECH REPORT How platforms can revolutionize small-business banking with embedded finance. Check out a comprehensive evaluation conducted by the Boston Consulting Group (BCG) and the financial technology platform Adyen. Link here INSIGHTS Novatti launches International Bank of Australia, which will have the advantage of being able to leverage Novatti's existing payments ecosystem and global footprint to help win customers quickly. Link here UnionDigital banks 1.73M customers in four months, and onboards PDAX as first corporate account customer, marking the commencement of accumulating corporate account openings at UnionDigital Bank. Link here The Fintech Funding Gap: An article that details how early-stage startups can navigate this major hurdle. Link here Check out “Nordic Fintech Snippets”, the combined effort of all the Nordic Fintech Hubs, sharing the most important and latest news in fintech and digital finance from each country. Link here

The global nuclear sector gathered in London in September for World Nuclear Symposium. Key figures from the industry took part in discussions on the challenges and opportunities for future growth. In this episode we bring you a selection of their views, as they outline the huge demand for small modular reactors, but also the regulatory harmonisation and financing changes needed if they are to meet this potential growth. During this episode we hear from, in order of appearance:Rafael Mariano Grossi, director general International Atomic Energy AgencySama Bilbao y Leon, director general of World Nuclear Association Vakisasai Ramany, senior vice president development, EDFNawal Prinja, technology dirctor, Jacobs Engineering GroupAna Gomez Cobo, safety assessment section head, IAEAMarilyn Kray, vice president nuclear development, ConstellationTom Samson, chief executive offices, Rolls-Royce SMRSimon Irish, chief executive, Terrestrial EnergyAlexander Superfin, nuclear power president, WorleyIsidro Baschar, director, Nucleoelectrica ArgentinaGeorge Borovas, partner and head of nuclear, Hunton Andrews KurthMark Muldowney, managing director energy resource and infrastructure, BNP ParibasDarryl Murphy, managing director, Aviva InvestorsDaniel Dean, implementation organisation strategic advisory group chair, International Bank for Nuclear InfrastructureJon Ball, executive vice president market development, GE Hitachi Nuclear EnergyRick Springman, senior vice president international projects, Holtec InternationalIn the news round-up for the month Claire Maden focuses on the latest landmark at the Barakah project in the UAE, while Warwick Pipe looks at the report from the United Nations Economic Commission for Europe which says that carbon neutrality is still achievable despite the energy crisis if all low carbon options, including nuclear, are deployed. There is also an update of the IAEA efforts to establish a safety zone at Zaporizhzhia nuclear power plant in Ukraine.Key links to find out more:World Nuclear NewsUNECE roadmap to net-zero calls for greater use of nuclear energyWorld Nuclear Symposium 2022Contact info:alex.hunt@world-nuclear.orgEpisode credit:  Presenter Alex Hunt. Co-produced and mixed by Pixelkisser Production

*For access to full-length premium episodes and the SJ Grotto of Truth Discord, subscribe to the Al-Wara' Frequency at patreon.com/subliminaljihad.* Before jumping back into Alan A. Block's “Masters of Paradise”, Dimitri and Khalid take a detour through that toddlin' town of Chicago for a mini-History of the American Fortunes overview of the Pritzker family's rise to power as portrayed in Gus Russo's “Supermob”, including: the true nature of Illinois' “most equity-centric” marijuana legalization and the “Chicago Cannabis Cartel” run by the Pritzkers, Wrigleys, and koof juice Kovlers, Bloody Maxwell Street and the scrappy origins of Chicago's Jewish business upstarts, ethnic tensions between Waspified German Jews and poor Eastern European Jews, the total despoiling of the Japanese-American Nissei of California during WW2 by the Chicago Outfit, Jay A. Pritkzer profiting directly off Japanese internment, and San Francisco pedophile real estate tycoon Donald Werby's close relationships with Anton Lavey, Abe Pritzker/Hyatt, and Al Capone. Dimitri and Khalid then return to the sordid saga of Castle Bank and Trust, including: Special Agent Dick Jaffe's undercover investigation, “twenty year contract” man Francis Eugene Poe, honeytrapping Mike Wollstonecroft, getting bailed out by sus International Bank of BCCI fame, Paul Helliwell's role in bringing Walt Disney's “Florida Project” (Disney World) to life, Stanford Clinton's mob associations, Henry Ford II's adventures in Sint-Maarten and financing partnerships with Hyatt, Laurence Tisch's management of Paradise Island, stonewalling and leaks inside the IRS, and the climactic showdown between Jaffe and the inscrutable law firm of Levenfeld and Kanter LLP.

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Nathan Casey is the Executive Director, CRM, Loyalty, Digital at IHOP, a chain of casual restaurants founded in Toluca Lake, Los Angeles, California, made famous for its imaginative pancake creations.Loyalty360 CEO Mark Johnson met with Nathan Casey to discuss the brand's first loyalty program, the International Bank of Pancakes, and how changes in the dining landscape have impacted brand loyalty.

Today on the Woody and Wilcox Show: Cool Beans mouse update; It Happened in Florida; Fun with Golf; Long John Silver's is making its own beer; IHOP's International Bank of Pancakes; Civilians going to the International Space Station; Google's new beta feature; Toilet paper Chewbacca; And so much more!

Qatar plans to invest some USD 5 bn in Egypt, in addition to the USD 2 bn that Abu Dhabi's ADQ has pledged; Egypt might get USD 3 bn from the Saudi Public Investment Fund and USD 2 bn from KuwaitHouse of Representatives approved two financing agreements with the International Bank for Reconstruction and Development, and the Asian Infrastructure Investment Bank worth USD720 millionSuez Canal Authority recorded revenues of USD1.6 billion during January-March 2022, +18.5% YoYTurkey and Israel are in discussions to build a gas pipeline running between their two countries, which would pose competition to Egypt Gas Hub. This is why Egypt and Greece are considering establishing a new subsea pipeline that would allow Egypt to export gas directly to Europe.The usage of Mazut in electricity generation stations has gone up from 3% of the energy mix to about 12%; Volume of natural gas consumption reached 47 million tons in FY20/21, of which the electricity sector accounted for 60%, the industrial sector 12%, and the household sector 6%The House of Representatives has approved a law that expedites public sector wage hikes and pension increases, who will receive an 8% raise on their gross monthly salaries at the beginning of April MTIE reported weak but expected net attributable profit came in at EGP40 million in 4Q21 (-42.9% YoY, -54.0% QoQ), and EGP368 million in 2021 (+0.5% YoY); Muted revenue growth (+3.7% YoY),  Flat GPM (+0.2pps YoY), and booked provisions were the reasons; MTIE is currently trading at 2022 P/E of 9.6x and EV/EBITDA of 6.2x Finance Ministry will launch its e-receipt system for B2C transactions this Friday, 1 April (EFIH)IDHC opens a new Al Borg Scan branch in Sheikh Zayed, to reach a total of three new branches in the past six monthsCar brands' agents (importers and assemblers) will be the ones to determine the consumer selling prices for passenger cars (thus fixing the distributor margins) and car dealerships are not allowed to change these prices. The decision is effective today. The "Go Green" initiative to replace old cars with new dual-fuel ones is still offering cars at the old prices declared in 2021, but producers have the right to request a rise in those prices. This came as many producers placed a halt on the booking with the initiative until a new fair price has been decided. DOMT hiked its selling prices by 10-20% due to the rise in raw materials costs and EGP depreciationPRDC reported a net profit of EGP359.0 million in 4M2021 GDWA recorded earnings attributable to shareholders of EGP104.5 million in 4M2021Arab Moltaqa for Investments has signed a syndicated loan with ATLC that is worth EGP60 mn aiming to support the company's capital baseA Cairo court has upheld AIH's appeal in its years-long EUR150 mn lawsuit against Peugeot

“Theft is good, actually.” – Cody FILIBUS is a 1915 Italian silent film directed by Mario Roncoroni and written by Giovanni Bertinetti. It features Valeria Creti as Baroness Troixmonde and the titular Filibus, an Italian sky pirate and infamous burglar. In an attempt to cast off suspicion after her recent heist of the International Bank, the baroness enters a competition to find the culprit and frame investigating detective Kutt-Hendy (played by Giovanni Spano) himself as Filibus. The film follows the pirate's exploits staging new crimes to pin on the detective while disguised as a young nobleman, using her wits and various gadgets to maintain stay just one step ahead of the investigator – all while courting his sister Leonora (played by Cristina Ruspoli) in disguise. FILIBUS is often cited as an early pioneer of feminist fiction as well as queer representation, cross-dressing, genderfluidity, and science fiction. It played at the Trylon and was accompanied by a live score by pianist Katie Condon and was shown with the assistance of the University of Minnesota's Imagine Fund as part of the Twin Cities Silent Film Project. Links: - “Filibus (Re)Introduces Us to the Wild, Weird Women of 1910s Cinema” by Daniel Lawrence Aufmann for Perisphere, the Trylon blog: https://www.perisphere.org/2022/01/23/filibus-reintroduces-us-to-the-wild-weird-women-of-1910s-cinema/ - Buy tickets to “Elegy for a Master: Late Kurosawa” (February 2022 at the Trylon Cinema): https://www.trylon.org/films/category/elegy-for-a-master-late-kurosawa/ - Buy tickets to “Anime's Great Genius: Satoshi Kon” (March 2022 at the Trylon Cinema): https://www.trylon.org/films/category/animes-great-genius-satoshi-kon/ - Buy tickets to “Ishirô Honda's Godzilla” (May 2022 at the Trylon Cinema): https://www.trylon.org/films/category/ishiro-hondas-godzilla/ Follow us on Twitter at https://twitter.com/trylovepodcast and email us at trylovepodcast@gmail.com to get in touch! Buy tickets and support the Trylon at https://www.trylon.org/. Theme: "Raindrops" by Huma-Huma/"No Smoking" PSA by John Waters. Outro music by Mont Alto Motion Picture Orchestra and Donald Sosin from the FILIBUS rerelease trailer. Timestamps 0:00 - Episode 158: FILIBUS (1915) 2:14 - The Patented Aaron Grossman Summary (under exclusive license from AG Enterprises, LLC) 4:12 - Jason's thoughts 8:54 - Cody's thoughts 13:49 - Harry's thoughts 19:16 - How foregrounding makes FILIBUS more fun 28:39 - What it's like to see (scare quotes) “contemporary” themes in a century-old movie 33:07 - Staging and framing 1910s Italy 38:56 - Final thoughts 45:48 - Cody's Noteys (Song Line or Tagline?)

How are multilateral development banks leaning into sustainable finance? Listen to Jason Mitchell discuss with Heike Reichelt, Head of Investor Relations and Sustainable Finance at the World Bank Treasury, about what the World Bank is doing to drive socio-environmental impact; how multilateral development banks are reshaping their climate-related investments post-COP 26; and why it's vital that programmes like the World Bank and IDA exist to support the development goals of middle- and lower-income countries. Find the full transcript of this episode here: https://www.man.com/maninstitute/a-sustainable-future-podcast Heike Reichelt is Head of Investor Relations and Sustainable Finance at the World Bank Treasury. Heike is responsible for managing relationships with bond investors, rating agencies and the financial media, and developing new bond products. She has more than 20 years of experience in finance – including with the World Bank Treasury's Reserves Advisory Management Program and at KfW, the German development bank. Heike was recognized for her role in building sustainable capital markets as the 2017 recipient of the prestigious Joan Bavaria Award. The World Bank Treasury manages the funding programs for the World Bank--otherwise known as the International Bank for Reconstruction and Development or IBRD--and the International Development Association or IDA. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of the ground-breaking series, The Maternity and Paternity Stories of Fintech, Nadia is joined by Derick Dickson, Relationship Manager, Financial Institutions/Trade Sales at Ghana International Bank.Recently starting his own family, Derick turned to his professional LinkedIn network as he shared his personal paternity experience. In a brilliant conversation with Nadia, Derick explains how he wanted his story to be relatable and inspire other parents as he shared key struggles. Derick stresses the importance of company culture, supporting staff in their careers, and the need to break down barriers because without this you lose vital talent within the industry. This is a brilliant episode of the industry defining Maternity and Paternity Stories of Fintech Podcast Series! Thank you Derick for bringing your authenticity to the show- and a drive to walk the talk for change across the entire industry. You've revealed what more people in the FinTech community can be doing to help people transition into parenthood!

Katie Litchfield talks to Colette Delaney, the CEO of FirstCaribbean, based in Barbados, who speaks openly about the extra challenges leading a company in a developing nation during the lockdown and beyond. WeQual's mission is gender equality at the top of the world's largest companies. Katie Litchfield, WeQual Founder, talks with global CEOs about why it is taking so long to achieve gender equality and what they are doing to close that gap. Website WeQual Global Member Site LinkedIn

David Revagliatte meets David Bruce, Chief Business Officer at Gibraltar International Bank who tells us about the bank's growth plans and how it overcame some of the early challenges to become Gibraltar's community bank. He also meets His Worship the Mayor of Gibraltar.Thanks for listening to the Gibraltar Business Podcast by the GFSB! Follow us on Twitter, Linkedin and Facebook!

Ep2: Katherine Garrett-Cox, Gulf International Bank UK: “Ask yourself: what difference am I making?” In episode 2 Andrew White talks to Katherine Garrett-Cox, the Managing Director and CEO of Gulf International Bank UK about the key role asset management has in supporting sustainable development. Katherine has more than 30 years' experience in the finance sector. At GIB she is, as she puts it, “right out on the edge of frontier” with a strategy that promotes mobilising and scaling capital in support of humanitarian investing and ocean finance. Here she talks to Andrew about long-term investing in companies that are solving the world's most wicked problems and how the finance sector can help build resilience in communities that need it most. Leadership 2050 is a podcast exploring the leadership we need to successfully transition to 2050. Who are the innovators setting the agenda for a more equal and sustainable future? In this series you'll meet them. In each episode Andrew White talks to a visionary leader from the business community who is confronting the challenges humanity faces and finding solutions. Dr Andrew White is a Senior Fellow of Management Practice at Said Business School, University of Oxford. His research and teaching focuses on how leaders transcend 21st century challenges such as disruptive technology change and the climate crisis. Also, how they create cultures that are diverse, inclusive, resilient and high performing, alongside the ongoing challenge of delivering profitable growth. At Oxford he directs the Oxford Advanced Management and Leadership Programme, and works with leaders from industry and governments across the world. This has given him a deep understanding of how good leaders create value and bad leaders destroy it. Never before has this been so important. Featuring: Dr Andrew White, Senior Fellow of Management Practice, Said Business School, University of Oxford. Katherine Garrett-Cox CBE, Gulf International Bank UK. https://www.sbs.ox.ac.uk/ Produced by Eve Streeter for Stabl See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Descriptions- EXPAT FILES SHOW #1079 FRI, AUG 13 (08-13-21)   JOHNNY'S JANUARY 2021 LATIN AMERICAN “EXPAT INSIDER” SEMINAR HAS BEEN POSTPONED DUE TO BAD SCIENCE AND US GOVT STUPIDITY: The latest Latin American Seminar was scheduled for January 8th thru 14th, 2021. However, since the “usual suspect' Cov-Idiot knuckleheads in government along with talking head scientists (in the pocket of big pharma) arbitrarily place restrictions at airports and impose new lockdowns (i.e. Soviet style house arrests), please stay tuned for the new rescheduled dates (estimated to be in late Summer). That will happen when USA and Latin America airports drop the Cov-idiot test requirements, scheduled to be when so-called "Herd Immunity" has been achieved. We're on it and will keep you posted…       #1- China closes down English online teaching classes: It was once a nice way for expats to make a living from home or anywhere but now the Chinese govt has shut down that option. But don't fret. There are a thousand other options (see below).   #2- Making Money in Latin America: New online freelance job opportunity ideas for gringos and expats explained:   #3- The problem with growing Coffee: Do you have a green thumb? Are you thinking about coming down and maybe tinkering a bit with growing coffee? Well it's not like growing tomatoes. It ain't easy and today we discuss why it's almost impossible for the novice to get a good coffee crop going…   #4- Those damned International Bank wire transfer problems explained: If you have money in a US bank, it seems like you need the bank's permission to move YOUR MONEY or wire it somewhere else. You probably already know that dealing with them is a pain in the ass. But rest assured they will get their comeuppance. It's starting to happen already. Bitcoin and other cryptos will demolish them in the end. No one deserves to be slapped down more than the banks(though Gates, Falsie, Soros, big Pharma and the govt need a good slapping too).   #5- Be sure to pick up my newly updated, "LATIN AMERICAN HEALTHCARE REPORT": The new edition for 2021 (and beyond) is available now, including the latest "Stem Cell Clinic" info and data and my top picks for the best treatment centers for expats and gringos. Just go to www.ExpatPlanB.com and click on the "Latin American Healthcare Report”.   #6- Do you want to get into the exploding Crypto-currency world but don't feeling quite confident enough to dive in? Our own Captain Mango has developed a unique one-on-one Crypto consulting and training service (he's been deep into crypto since 2013). To get started, email him at:   bewarecaptainmango@gmail.com

The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.[5] It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group.

Season 8: The World Bank GroupPost the Brettenwood Conference, we saw the International Monetary Fund's formation & the International Bank of Reconstruction & Development.  After this, the World Bank Group of International Organizations came into existence which comprised:International Bank for Reconstruction & Development (IBRD)International Development Association (IDA)International Finance Corporation (IFC)Multilateral Investment Guarantee Agency (MIGA)International Center for Settlement of Investment DisputesThe IBRD & IDA together form the World Bank. In this podcast, we discuss the World Bank Group and its essentials. AtyaasaaOnline is an E-learning portal that people can preview and learn for free. You can also visit Niket Karajagi's body of knowledge on his Virtual Coaching Portal https://niketkarajagi.com.AtyaasaaOnline Tech-Enabled Borderless Organization Development Portal

Season 8: Bretton Woods TwinsThe end of World War II was a defining moment in the economic history of International Trade.  It led to a decision of reconstruction of the economy through cooperation. The Bretton Woods Convention created the twins International Monetary Fund & International Bank of Reconstruction and Development as a part of the World Bank Group. AtyaasaaOnline is an E-learning portal that people can preview and learn for free. You can also visit Niket Karajagi's body of knowledge on his Virtual Coaching Portal https://niketkarajagi.com.AtyaasaaOnline Tech-Enabled Borderless Organization Development Portal

Leonid Grigoryev is a Russian economist, the author of more than 300 publications, the co-author and scientific adviser of many monographs and projects. L. Grigoryev was born in 1947 in Moscow, he graduated from Moscow State University and in 1972 got PhD (“Cyclical reproduction of fixed capital in USA”). Professor Grigoryev is a co-founder of Economic and Mathematical School at MSU (1967-1971 – President of the School). Tenured Professor, Academic Supervisor of Department of World Economy, Higher School of Economics (HSE). He started his career in 1971 as a research fellow of World Economics and International Relations Institute and in 1980 became the head of the Economic activities department. In 1990 Leonid Grigoryev worked as an expert in the Economic reformation Commission firstly under USSR and later Russian Federation Government, He also took part in the composition of “500 days” – unrealized program of the transition from the planned USSR economy to market economy in order to overcome the economic crisis of 1990s. L. Grigoryev worked as a Deputy of the Minister of Economy and Finance of Russia (1991-1992), adviser in the Russian Directorate of International Bank of Reconstruction and Development, was a head of the Bureau of Economic analysis (1997 – 2001), was the President of the “Energy and Finance Institute” Fund, the adviser of the Minister of Energy (2002), Chairman of the Board of Expert Institute, chairman of World Wide Fund Russia. In 1999 Leonid Grigoryev became a member of International and Defence policy Council. Since 2013 Leonid Grigoryev is the Chief Adviser to the Head of the Analytical centre for the Government of the Russian Federation. In June 2013 L.Grigoryev became a tenured professor of National Research University Hogher School of Economics. FIND LEONID ON SOCIAL MEDIA Facebook | LinkedIn | Instagram ================================ SUPPORT & CONNECT: Support on Patreon: https://www.patreon.com/denofrich Twitter: https://twitter.com/denofrich Facebook: https://www.facebook.com/denofrich YouTube: https://www.youtube.com/denofrich Instagram: https://www.instagram.com/den_of_rich/ Hashtag: #denofrich © Copyright 2022 Den of Rich. All rights reserved.

Leonid Grigoryev is a Russian economist, the author of more than 300 publications, the co-author and scientific adviser of many monographs and projects. L. Grigoryev was born in 1947 in Moscow, he graduated from Moscow State University and in 1972 got PhD (“Cyclical reproduction of fixed capital in USA”). Professor Grigoryev is a co-founder of Economic and Mathematical School at MSU (1967-1971 – President of the School). Tenured Professor, Academic Supervisor of Department of World Economy, Higher School of Economics (HSE).He started his career in 1971 as a research fellow of World Economics and International Relations Institute and in 1980 became the head of the Economic activities department. In 1990 Leonid Grigoryev worked as an expert in the Economic reformation Commission firstly under USSR and later Russian Federation Government, He also took part in the composition of “500 days” – unrealized program of the transition from the planned USSR economy to market economy in order to overcome the economic crisis of 1990s. L. Grigoryev worked as a Deputy of the Minister of Economy and Finance of Russia (1991-1992), adviser in the Russian Directorate of International Bank of Reconstruction and Development, was a head of the Bureau of Economic analysis (1997 – 2001), was the President of the “Energy and Finance Institute” Fund, the adviser of the Minister of Energy (2002), Chairman of the Board of Expert Institute, chairman of World Wide Fund Russia. In 1999 Leonid Grigoryev became a member of International and Defence policy Council.Since 2013 Leonid Grigoryev is the Chief Adviser to the Head of the Analytical centre for the Government of the Russian Federation. In June 2013 L.Grigoryev became a tenured professor of National Research University Hogher School of Economics.PROFESSIONAL INTERESTS:- World and Russian economics, business cycle and forecasting; Global Growth and Business Cycles.- World Energy; Energy transition and markets.- Elites, Middle Class and Inequality, interests of the social groups;- Property rights and privatization, corporate control problem;- Accumulation process, private financial system.Leonid Grigoryev is a author of magic comedy "Three magic years" - Readwww.leonidgrigoryev.comFIND LEONID ON SOCIAL MEDIAFacebook | LinkedIn | Instagram

Tune in as IIB's General Counsel, Stephanie Webster, joins Connie Friesen, Partner at Sidley Austin and bank regulatory law legend, as they discuss Connie's storied career as a bank regulatory attorney, the changes and challenges she's seen for international banks over the years, and what she's looking forward to in retirement.

Barry Silver, President/CEO of Coop Equity, LLC, and Sarah Smith, of the Associated Milk Producers Incorporated (AMPI), discuss the NCB Co-op 100®, a listing of the nation’s top 100 revenue-earning cooperative businesses. Barry has been at the forefront of producing the list since its inception. Sarah grew up on a dairy farm and now she serves as a communications specialist at a dairy farm. Together they discuss the value and benefits of NCB's Co-op 100®. As President and CEO of Coop Equity, LLC Silver provides international financial and cooperative consulting. His consulting work includes involvement in lending, credit, product development and portfolio management; at the International Bank for Reconstruction and Development (World Bank), he provides cooperative and finance consulting for a $2 billion project, to include establishment of farm co-ops bringing farm production to market; lastly at the US Agency for International Development (USAID)/ACDI-VOCA) he consults with agricultural, coffee and cacao co-ops on refinement of capital plans and financial restructuring. Recently, National Cooperative Bank, known for providing banking solutions tailored to meet the needs of cooperatives and their members nationwide, released its annual NCB Co-op 100®, listing the nation’s top 100 revenue-earning cooperative businesses. In 2019, these businesses posted revenue totaling approximately $228.2 billion. The NCB Co-op 100® remains the only annual report of its kind to track the profits and successes of cooperative businesses in the United States.

The wind of change is sweeping through Dominica, and Entrepreneurs are leading the way. Stephen gives us great insight on what we need to know as our dreams take flight. Plus, I hate to be the bearer of bad news, but the world owes you no favor. Find out what you can do about this.

Bob Harris is a screenwriter, speaker, author, and has been a quiz show superstar, radio commentator, TV host, and comedian.As a screenwriter, Bob has written for Bones and CSI, was a consultant for Marvel’s Avengers: The Age of Ultron (the 10th top-grossing film of all time); head of the writers’ room on El Pantera, Mexico’s top action series; and the instructor of the graduate screenwriting program at the International Filmschule in Cologne, Germany.Bob has written five books, including The International Bank of Bob (Walker/Bloomsbury), whose readers chipped in more than US $10,000,000 to fund businesses in more than 90 developing countries.He was an Associated Press award-winning radio commentator for five years, and has contributed to dozens of publications ranging from The New York Times to The Intercept to National Lampoon. Bob has also contributed to Star Wars comic books, and as a travel writer for Forbes.His speaking appearances include Adobe, Google, eBay, Visa, more than 200 US colleges; TEDx; and conferences hosted by the European Parliament and the US Department of State.Bob has been a TV presenter and Co-host, and has appeared on dozens of talk shows, and was a stand-up comedian whose appearances included opening for Jerry Seinfeld, Tim Allen, and Paula Poundstone.And in quizzing, Bob’s US appearances include 14 episodes of Jeopardy!, and giving the fastest phone-a-friend response in the history of the American version of Who Wants to Be a Millionaire.Bob is on the advisory board of the National History Bee and Bowl, the largest academic quizzing organization in the world, and The Pop Culture Hero Coalition, an anti-bullying charity.Offstage, Bob has kissed the Blarney Stone, rocked the Casbah, performed three marriages (becoming an ordained minister once to do so) including one on the Jeopardy! set itself, and obtained a bachelor’s degree with honours in electrical engineering and applied physics.Originally from a small factory town in Ohio, Bob now lives gratefully in Sydney.Mentions:Website - http://www.bobharris.com/KIVA - https://www.kiva.org/Socials:LinkedIn - Bob HarrisFB - Bob HarrisInsta - bobharrisdotcom

For those who don't know this about the Marine Corps, being selected to serve as the Commandant of an elite military force like the Marine Corps means that General Krulak is at the pinnacle of leadership; the highest leadership position in the USMC. What's even more admirable about this man is what he did after serving the country for 36 years. He continued his service in the public sector, first as the chairman and CEO of an International Bank, and then later as the president of Birmingham Southern College. His distinguished leadership doesn't stop there. General Krulak serves as co-chair of the national effort to disrupt the business of modern-day slavery and human trafficking, as well as co-chair of a group of 100 Senior Flag and General Officers opposing enhanced interrogation techniques, also known as torture. Tune in to hear General Krulak's extraordinary answers to questions about his approach to leadership, which involves respect and the humanism of genuine caring to inspire and develop teams of every type, no matter the skill level or background.

Katherine Garrett-Cox CBE is a seasoned executive leader in asset management. She has worked across a number of large corporates including Aviva Investors, Aberdeen Asset Management and Alliance Trust and today she leads the UK subsidiary of the Gulf International Bank.In this diverse interview, we explore Katherine's leadership journey, her uncompromising approach to purposeful and socially responsible leadership and her role in tackling the climate crisis.

Welcome!   Since most of us are working at home or stuck at home without work I decided that we should go over the tools, techniques, and tactics we can use to make working from home easier.  Then for those who don't have work and want to do something, I go over companies that are hiring with remote work or work at home opportunities.  It is going to be a busy and informative show -- so sit back and listen in.  For more tech tips, news, and updates visit - CraigPeterson.com --- Automated Machine Generated Transcript: Hello everybody, Craig Peterson back here on WGAN. You know, by the way, I went ahead and checked out that new show on Netflix. It must be relatively new because it seems to have some footage from late last year in it. But this Tiger King show I don't know if you've seen it. People said you know you just can't stop watching it. I found it interesting and intriguing. I'm particularly interested in the fact that some of the people in this show our nuts, and this one particularly nutty woman has now come out this week and said, "No, I did not kill my husband and put him in the meat grinder and feed him to the lions." Now, the fact that she came out and said that I think tells you something. Right now, the police have opened an investigation. It is quite a fascinating show about peculiar people, frankly weird people, that own big cats. At least as they're portrayed in this show. I guess you have to take all of that with a grain of salt. Hey, for the past two weeks, I've been doing webinars twice a day pretty much. We've been talking about security what you need to do when you're working from home. I am not turning everybody into security experts, right. Most people don't want to be security experts. They just want to keep their information safe, but hundreds of you have been attending, and that's a fantastic thing. I'm so glad that you guys have, and I hope you're getting a lot out of it. I know a lot of people are trying to attend so that they understand this better. When they do get together and back to work as the office manager, whatever that role, maybe they have an understanding of what this is all about and what they need to do and how they need to do it. In many cases, a lot of business owners have been on these calls as well. I'm so happy to do it and for free. I'm not sitting there pounding you trying to sell you something. Somebody got kind of upset with me this week because they wanted me to quit with the soft sell and I said, Well, I don't have anything to sell. So unless you want to buy something and in that case ask me. It isn't a soft sell. I'm just trying to teach you guys stuff. And I think we've all become a little jaded here over the years because everything it seems is trying to sell us something. We've certainly seen that you look at like the Kylie Jenner and the whole Kardashian clan, who get paid to advertise, although it's not an advertisement as it is not marketed as such. She sent out a picture of her with something she's wearing or makeup or whatever. She sends it out to millions of people who see it, and she gets paid a million bucks. It's just astounding to me. I'm jaded. I get it, but these webinars are to help you guys out. Just like I'm here every Saturday at 1 pm to help you guys out to kind of review the news and what's going on the technology side of things, right? Alright, let's get back into all of our collaboration stuff, which we were talking about before. Now I've been going through this article a little bit while I'm actually not even going through it, I'm just looking for what they've rated as the top ones and then giving my commentary. They've also got one listed here called liquid planner. I have never used that. They're saying it's best for complex projects. Now is that regular small business, you probably don't have these complex projects, and you know, if you're the SBA calls a small business 500 people, and under you, if you're at the upper end of that, you might well have some complex projects. If you're at the lower end of that, you probably don't, so I'm not going to get into it right now. Also, because the liquid planner is expensive, it is a full-fledged project management piece of software. So we're not going to delve into that. They've got something called pod-to pod IO and they are saying that this is best for a work hub. They say it's incredibly flexible, highly customizable, for working communication. I have never used it, and maybe I should look at it. They advertise it's so user friendly and scales easily for growing business. It is an editor's choice. I'm just not familiar with it. I don't know anyone that is using it. We'll just skip that one. Slack I have used extensively. I used it for years before I switched on to the secure platform, that is, the WebEx team's platform used to be called Spark, but now it is WebEx teams. And, with the WebEx teams, you have everything integrated. So our phone systems are where teleconferencing, video conferencing collaboration is all integrated and is all secured and it is just absolutely phenomenal. And we're setting up right now with some school districts that are having they've sent their teachers and their students home. We're setting them up with some of these Cisco WebEx teams stuff for the schools to use because it meets all of the state and federal regulations. Unlike Slack, and Zoom, that so many are currently using. But Slack, you could not have a more straightforward tool to use. It is a team messaging app that works very well. It also has a lot of integrations, probably the most of anything. You can tie Slack into your website, for instance. So if somebody has a question, they can just put it in on the site, and it's going to show up in your Slack channel. You know, how, how much simpler could it get than that? It's phenomenal. And then you can respond to it in the Slack channel. There are tons of integrations for its Really among the best when you're talking about a messaging app, and it's also the most expensive and now, and that's not too bad, you're going to be spending about $35 a month per team member. So it does add up pretty fast. Leankit is something these guys like is what's called a Kanban app. Kanban is a technique that came out of Japan. I think it was Toyota if I remember right was the first came out with this. A lot of the software we've already talked about is Kanban compatible. It came from this hole just-in-time manufacturing process. You might have remembered that was all the rage in the 70s and early 80s. Yeah, it was developed by an industrialist engineer at Toyota. I just looked it up online and basically You can think of it as kind of a big board and you have sticky notes on the board. The sticky note represents a task, so you put it on the left-hand side of the board, say, Okay, here's all of the things we're going to have to accomplish. Then as you work on them, you move them to the right into different columns, so you know, it's to be done, and then you might move it into, okay, it's underway, or it is stalled is another very popular column, and Kanban means it's complete. This is all part of what's known as agile development. Remember, I mentioned earlier the rugby references while Scrum is another agile process used to help to focus on delivering real business value real goals and objectives being done by everybody in the team in the shortest time possible. So rather than using regular project managers who will say, well, this has to be done by April 10. Now, you know, if you said it has to be done by April 10. It's not going to be done a minute before April 10. What are the odds is not going to come in until April 20. The odds are pretty good that they're not going to meet that April 10 deadline, right. But when you're using this Kanban method, a scrum kind of development or business process method. The idea is you get something done a small task and narrow tasks, get it done as soon as you can. Once it's done, you just grab the next sticky note off the left side of the board. Now, I like a couple of different packages out there that you can use for Kanban. I've used JIRA before, and I have used Trello. If you're just starting, and you wish to track some projects, and it's just you, maybe you and a couple of other people, I want you to check out Trello online T-R-E-L-L-O. I have used Trello extensively over the years and have just found it to be golden. It's so easy to use; it uses this Kanban type of board methodology. So does JIRA. However, JIRA gets more complicated and ties into other packages like Confluence and things that are all part of the same thing. But have a look at that. I really do like it a lot. That's what LeanKit does. So it's pretty darn cool. So when we come back, we're going to talk about my favorite little database now use that term within air quotes. You might have heard me put little air quotes up there. We'll talk about that out and more when we get back here. I'll give you a little understanding of what is collaboration software? What can we use? Now that we're working from home? Now that we have fewer employees, people are out sick, how can we make sure things are getting done that need to be done? And with repetitive tasks? Again, I'm going to kind of recommend the Asana stuff. But you know, these can band boards can be incredible, depending on what type of repetitive task you have. Now, if you have any questions for me any comments, if you want to attend any of the upcoming free webinars, these are like an hour-long we delve deep into a security topic or collaboration topic. Make sure you check me out—Craig Peterson dot com. You're listening to WGAN, so stick around. I'll be right back. Hey, Craig Peterson here, back on WGAN. For those of you that are interesting in these webinars or what's going on, I have been holding them twice a day, at 4 pm and 7:30 pm, for about an hour. These are live webinars answering all of your questions and doing some slightly deeper dives into topics that everybody needs to know about when it comes to security, securing your data when at home securing your offices tying offices together, Tonya home in right all these different types of things that we frankly we need to do in this day and age. And we're going to be doing more and more of because honestly, working from home that the whole concept of remote workers is going to get bigger and bigger as time goes on. So kind of keep your ear to the ground. But you will get emails from me, and I've got a lot of Mainers who have been attending these and enjoying them are just nothing but great feedback. I got hundreds of positive comments on these things and hundreds attending to, so make sure you get signed up and Attend some of these. I'm not repeating the topics from day to day, every day within the day like the 4 pm, and the 730 are the same topics. So I will be answering different questions if there are different people on it, but I will be teaching the same necessary information. So you can choose either one of those webinars during the day. But, you know, one day to the next day, I will be in I am teaching different topics. Okay, so that's kind of the bottom line there. And I'd love it if you would join us. It makes me feel really good to know that I've helped people. The more people that show up, the better and by all means, invite friends and relatives to these things because we're now opening them up. I did not widely open them up before, but starting next week; they will be open to pretty much everybody, not just the listeners. Okay, so we were talking earlier about LeanKit and Kanban and the types of, you know, processes that are behind that. JIRA, Trello, J-I-R-A in case you're wondering, and T-R-E-L-L-O. I promised to talk about the database side. I have used Airtable extensively, and I love it. For the radio show, for instance, we have an AirTable setup, and there are fixed things that must happen every week, right? We might have to find topics, or we might want to locate guests to have on the show. All of that is set up in the table. So that when so and so, you know, for instance, Karen will find the guests to have on, and will reach out to the guest and get their bio, get some talking points, and then I will put it up on the website. Steve will do some reviewing of it. Then Karen's going to have to do a pre-interview with them. Then it is time to schedule them for the actual interview for the radio show. That's the normal flow when we book a guest, just to give you an idea of how much work we put into the show. It is totally a labor of love. Let me tell you, but with Airtable, all of this can be automated, you know, informing someone. Okay, we've chosen a topic. Now we got to find guests and then Okay, we found a guest. What do we do now and they can put right into the Airtable because it's kind of a database as well. Think of it as a spreadsheet, if you will, that has a database behind it. It's really phenomenal. They can put the guest's bio right into a cell on the air table. They can put the recorded interview right into a cell on the air table. It is just absolutely phenomenal. They have a free plan and they have various paid plans. It has to be one of the most straightforward database tools you've ever seen. It is just like a spreadsheet and designed to be useful and honest. You can manage information about anything you can manage the flow, the pass on, it is kind of just like We were talking about a little bit earlier. It's kind of a can man thing too with databases and integrated with spreadsheets. It's kind of hard to describe. But that's, I guess my best description of it. So check it out air table.com you might love it. I absolutely love it. I know I do. We're not using it right now because we've scaled back, but we'll be right back there with Airtable and then Monday is something else is kind of similar to that. And it is designed to be able to track the tasks and move them around called monday.com. And remember what their old name was actually, maybe a month I think Monday is their current name. Let me just look that up. Make sure it's not the old name because they had a simple name before and that now eludes me. Yeah, it is. It's Monday.com. And it is again, phenomenal here for project tracking, Process Management. And it is they call it a Work operating system and you know what I think it really is Monday.com check it out. Over 100,000 organizations are using it according to their website including Costco, wholesale club, PayPal, Uber, Hulu, eBay, Walmart, GE, it is incredible. It's very, very simple to use. And again, it's kind of setup in the same way that you would think of using a spreadsheet. So you're gonna love it like that. Monday comm I don't think it's listed at all here. No, it's not on this PC mag site, but it's something I highly recommend and used before. So they also here on monday.com while they're talking about the collaboration tools, bring up Basecamp now Basecamp is something that I have used as well. It has been, what four or five years Since I used it, and we gave up on it because it just wasn't what we wanted what we needed, but it might be something that's going to work for you, I don't know. But Basecamp is known for what's called a sandbox-style collaboration. So pretty much everything's in a box, okay? It's designed to allow you to transition your whole team to remote work quickly. Frankly, it puts everything together. That's the entire sandbox concept. So it's not all over the place. Now, that's one of the things I did not like about Asana is, even though it was for organizing, I didn't feel that it organized things the way we wanted to work and that we were used to working. So you're going to have to look at some of these yourself. But Basecamp is one of the oldest out there by far, and they developed a whole language A few programming languages called Ruby on Rails, you might have heard of Ruby on Rails is phenomenal. And that was that language was designed so the base camp could be written and ultimately could scale. And this is how they are running their company to remotely. They're using Basecamp for it, and I'll have to give it a try again, they're saying by the way that 6400 companies signed up last week alone to try out Basecamp which is something to look at it. I'm looking at their numbers here. Yep. 2004 they had 45 companies, you know, it might have been longer than five years ago. Now looking at this, that I tried it so I'll have to try that again. But check it out. And PC mag as I said, they seem to like it. It is not bad, I'm sure. A document collaboration they like glip. We have in our business. We have loved the WebEx teams, and we'll talk more about that when we get back in the next segment. But we use that for document collaboration along with the professional version, the secured version of Dropbox, not the, not the dropbox that you just use at home. Okay. But we liked that, and glip they didn't give an excellent rating on they gave it like, three and a half stars if you will. Then for fast setup, they like right Wrike, but you can check that out if you'd like. So what it boils down to my favorite of all of these by far are the WebEx teams. Then next to that is probably Monday, and then we like Trello for some things, and you know, we just talked about it. If you want to listen to any of these, check me out online, go to Craig Peterson dot com, you'll see all of my podcasts posted there or sign up. Craig Peterson dot com slash tune in. Stick around. We'll be right back here on WGAN Hey, welcome back, everybody. Craig Peters on here on w GAN. Did you know you can hear me during drive time on Wednesday mornings? Yeah, I'm on with Matt. And of course, we talk about the latest news lately. That's kind of been working from home and working from home safely, which somehow isn't a surprise is it to any of us. I've been doing webinars, and here are some of the titles and what we've been talking discussing. We've been talking about routers and firewalls and why fi and browser efficiency plugins you can use to keep your privacy, how to do some of the backup stuff to make sure backups are working updates and patches and how to turn them on automatically. VPN security. It has It's been quite the ride. And we're going to be starting this all up again next week. So I want to make sure you guys know about it and have access to it. So I'm going to be sending out emails to let you know about it. And the only way you're going to find out is if you're on my email lists. So make sure you sign up if you're not already there. Just go to Craig Peterson comm. You will see it right there on the top of the page if you kind of slide it up. If you want a little help if you have questions about what we talked about today, any of this online collaboration software, any questions about any of this stuff, if you're having trouble working from home, or you're not working from home, and you're just having trouble? Make sure you reach out to me, and you can schedule a phone call with me just by going to Craig Peterson dot com slash help. Couldn't be much easier, could it Craig peterson.com. slash help. It is just I think it's an important time for us all to work together to help each other out because we are all in the same boat right now. Yeah. kind of reminded me of something else. Well, we won't get into that right now. So I promised that we would talk a little bit about what Cisco is doing on the collaboration front. And Cisco has something called WebEx. And it is phenomenal when it comes to collaboration. You know, I mentioned in the last segment, that we use it also for file collaboration. So we have all kinds of groups. And we have a group for each client, for instance, and we have a group for our internal tech support people. And then within each group, we have channels that are specific to you know, the various topics or various things that we're working on. For the client. So if you have a project for our client or project for ourselves, we'll have a space for that within the WebEx teams. And then you can drop files into it. You can search right from that space for on that team. You can start a little video conference call for everybody to talk, or on an audio conference call. It integrates with the app on your phone or your smartphone. I have and we all have desk phones. And those desk phones have built-in video, and it's phenomenal. The whole thing is seamless, and it meets almost every security standard out there. In fact, that's what the President has on his desk. He has a slightly upgraded version of this because he needs the highest military-grade, but as far as HIPAA compliance or PCI compliance or most of the regular compliance, including the CMC I Tara All those types of guidelines, it is fully compliant. So WebEx has decided that they are going to give a 90-day free trial to anybody that wants it, which is I think phenomenal. Now for many companies, 90 days is all you're going to need. Hopefully, the governor is going to say get back to work within what a month or two. So the three-month window should fit for you. And you can sign up for free at WebEx dot com you're going to love it. Now, if you go through my company now you know that we sell and maintain Cisco equipment, including WebEx, and we've installed some large Cisco phone systems that also tie into WebEx we've installed small phone systems for like dentists offices and construction companies and manufacturers that have the video conferencing in it and everything works. Everything is all integrated. It's, it is unbelievable how well it works plus it is secure, which is just mind-blowing. But if you go through us, we can give you an even better free deal. How's that a that, we can offer prospects, and that's what it's all about right that they have this for us so we can do prospecting. Our offer doubles the free stuff, and all of the numbers of attendees in the conferences and the sizes of the files, you can share, etc., doubles it basically from what you can get by just signing up on WebEx dot com for yourself. If you want to talk to me about it again, you can just go to Craig Peterson dot com slash help. And we can talk about these different types of conferencing systems. We can talk about the collaboration stuff we just talked about in the last segment, but check it out. You can just get it yourself. If you want, but you will not get all of the features as you'd get for me from for free as well. But check it out @webex.com. As I mentioned earlier today in the broadcast, we all have this set up now for some schools, and school districts are using it. So far, they love it because it gives very fine-grained control over everything that they need to make sure that the kids aren't messing around getting on other people's accounts. like the zoom bombing, that we talked about a little bit earlier. Now, let's get to this because I had promised this before right at the top of the show. We're getting close to the end. Here is some career advice from Forbes, that I thought I'd mentioned because I'm sure right now there are a lot of us that are at home and have lost our jobs. Hopefully, just temporarily, and that includes you know, people who are waiters, waitresses, and the small businesses they were working for. I thought you might like this. So you can check it out. It is on forbes.com. And he'll we'll kind of run through these, but I noticed it because one of the large areas that's on there is the computer and it jobs. But first of all, it's talking about accounting and finance jobs. These are support strategies. And since people are using QuickBooks nowadays, like QuickBooks Online from Intuit or some of these other online accounting systems, it has made it a breeze for bookkeepers and accountants to be able to provide some specialized on-demand accounting services. If you know this stuff, and you can do bookkeeping as a work from home job. They are hiring right now accountants and bookkeepers, so check that out in support strategies, and you can find them online as well at Flex Jobs, flex jobs.com. You might want to check that out. That's the first one. The next category that Forbes is suggesting is computer jobs. And they have three different listings here. LiveArea is a company that helps with digital commerce. They do design strategy, technology, digital marketing, best practices, and they've got jobs open right now that you can do from home. They are a company that started as a database company that's still their bread and butter for the most part. They have accounting software now, ERP systems that they downscaled for small businesses, and they're hiring right now, including database administrators that can work from home and talking about a job. That's a great work from home job, DBAs database administrators. I've hired more than one of those over the years. Red Hat, which was bought by IBM last year, is also offering some jobs right now, again, work from home jobs, including sales force, configuration engineers, architects, healthcare, all kinds of job openings there. When we get back, we'll kind of run through some more openings, some ideas for some work at home jobs, because I've had quite a few people. Sign up for my webinars, thinking it was about jobs you can get to work at home. No, no, my webinars are about the technology and security for working from home. But check them out. Sign up Craig Peterson dot com. We'll be right back on WGAN. Welcome back, everybody, Craig Peterson here on WGAN. We are talking about some of the technologies surrounding work at home. We've covered collaboration today. What are the top collaboration tools, file sharing tools, the top tools for having meetings, and even a little bit of bumbler conversation? It's important, right? Many of us are stuck in our apartments, or in our homes, and we don't see anybody else. It is kind of a shame. It is important for us all to get together and maybe even have a happy hour. I know a couple of companies that have done that. They get together at their WebEx conference, where they all have their own drinks and just enjoy each other's company. You got to let the hair down. I think it's a great thing. They're doing. We were talking before the break about some of the jobs listed in this forbes.com article about working at home. We ran through some accounting and finance job categories and actual jobs that they provide links to. Then we covered some computer and IT jobs. Those are the ones that already have been kind of out-sourced and or have been work from home. Think about all of the remote workers in the Philippines, India, and China that have been doing exactly that. Working from their homes now for years. I see that as true going forward for quite a while. Construction jobs are another one right now called a renovation project consultant. There are job listings for them here. They're looking for people who have experience viewing contracts. Here is a work from home part-time contract creation jobs for content creators/writers which is another one we see out-sourced for a very, very long time. If you read articles online, you will not see these on my site. But if you read articles online, there is a technology called spinning. Have you heard of that before? They'll take an existing article, and they will spin it, which means they run it through some special software that changes the words around uses different words to make it so that it is not technically stolen but when you read it doesn't make sense much of the time. So I know you've seen those types of articles because I've seen them you say, Whoa, a native English speaker, did not write this. Well, It might have been put up by a native English speaker who just uses spinning software. But there are still jobs for real writers. They've got listings here for fandom writers who can write about favorites like Star Trek or Doctor Who. However, this last season, I haven't liked Doctor Who. Supernatural, Grey's Anatomy, and more, right all these different fan shows. There are digital health content producers and other creative jobs. I know a lot of people who use video editors to put together their marketing videos. So they'll shoot them like, like I do all of it myself, right I shoot the videos, I record them, I edit them, and I put them up online, and you can tell. But there are a lot of openings for video editors to work at home animators as well. Vitamin T is a creative talent agency that connects freelance creative-work that occurs with digital marketing firms and advertising agencies. You can find that in this article too. If you want me to send it to you, just email me at Craig Peterson dot com, and I can make sure I get it to you. But you can just find it out on Forbes. Continuum global solutions have got contact center solutions and jobs to fortune 500 companies that bringing in customer service reps. LiveOps is a cloud contacting customer service Solution Center. And they've got worked from home jobs, including call center reps, call center, licensed insurance, people, education and training jobs. It goes on and on. These are jobs that are going to stay out there in the remote work category. Even the food industry which kind of surprised me. But then I said Ah, of course. They're talking about chef instructors. It is a remote opportunity where they are helping people learn, they're supervising in the kitchens. Remember now with the, with the smartphones, the guys and gals working in the kitchen can just pull it out, show you what they're doing. Media jobs, Thomson Reuters is looking for people, Vox media brands who were just reading from one of their articles well not reading it, but looking at their list. They've got film editors, community managers, TV, transcription, jobs, medical jobs. It goes on and on the categories, and I just don't want to spend all the time we only have five minutes left here in the show today, but lots of them Translation jobs, Science jobs, Sales and marketing jobs, Medical and Health jobs. Check it out. Just do some searching online. Look into your favorite career opportunities site. Or see if you can find this article here from our friend over @forbes.com. A couple of the things to get to before we go away. If you are looking at working from home and you're overwhelmed, we've got some tips here for you. Okay, you need to have a bit of a flexible routine, instead of a rigid schedule, you know, time was you were driving into work, you might take half an hour an hour or if you live in LA three hours to get to work every day. Well, you know, make sure that you're not just sitting there all day long. Use that Pomodoro technique that I talked about earlier. In the show today. Look it up. It is Italian for tomato, in case you're trying to find it online, where you're doing little 20 minute stretches, and that ties in with the Kanban and scratching methodology that we were talking about earlier. But understand that you're not going to be at your maximum productivity right now, we're all overwhelmed. Turn off that news channel, don't sit there watching it all day long, because he can drive you crazy, and is going to make you feel even more overwhelmed than you need to be. Okay, so a few tips there from our friends over at Google, working at home, and being efficient. That's why in some of these webinars that I've been giving and will give over the course the next week or so, I talk about some of the extension some of the tools you can use to make your life easier to make it faster to make it more secure. But employers can boost productivity and reduce their turnover. And of course, that means lowering your costs by giving people that flexibility even before The Coronavirus hit. The majority of workers in the United States had been working at home one day a week. And I think this is going to change it all we're going to be working more and more at home. But you need to make sure you've got all of the technology you need that you have a fast enough internet that you are secure. I separate workspaces, and I have a completely separate workspace at home. Just find a room or even just a corner of the room, that you can use and that you have the right kind of internet service, a workable schedule, etc. The top fields for remote work again, computers and IT education and training, health care, customer service reps, virtual assistants, data entry, transcription teachers, of course, a lot more if you need to find a new job. Okay, that's a great way to look at it. Right now, a majority of the top firms out there have remote work in the IT biz like Amazon and Dell. In the medical space Humana, you've got Kaplan, SalesForce, all offering remote work opportunities, and that means you can work from home and be efficient and effective. So many people now are doing a little bit of homeschooling. I think many parents are overwhelmed by it. If you have listened to me for a while, you know my wife and I homeschooled our eight kids, all the way up to college. That's a lot of years of homeschooling, my wife is going a little gray, but we haven't lost our hair over it. If you think you might want to do it, do it. Remember the mathematics from 10 to 1040. Every Monday, Wednesday, and Friday type schedule that they might have at school does not fit a homeschool environment. Again, that rigid environment is just isn't going to work, and there's no way it's going to work into homeschool. Be flexible. But whatever your kids are interested in at the time, turn it into a learning opportunity. If, as one of our daughters was interested in cooking, remember we had eight kids, that's a lot of food, you know, for ten people, and you're looking at a recipe designed for four, so she learned how to do mental fractions. She's gone on now she has her Master Mariners license for unlimited oceans, unlimited tonnage, unlimited vessels, she could command any US Navy vessel at sea. That's all before she's 30. And yeah, she's got an MBA, now she's working on her doctorate. That's just phenomenal. And it all started with her home school, interested in fractions, learning together. She was curious and determined to do them in her head, multiplying and dividing fractions and look at where she's at now right understanding and calculating celestial navigation and everything else. She loves it. We have other kids one has gone on to be a regional Operations Manager for an International Bank, and also has an MBA. You know, I've got two other of my kids who are working with me who are fire jumper security experts and understand networking inside out and backward like hardly anyone else I've ever met. Just amazing. I've got yet another son, a mechanical engineer now, and he is finishing up a master's program this year. You can do it, and I think it is important. If you can homeschool, it is the best thing you can do for your kids. We homeschool while working from home, for much of it, I was working here at home during parts of it while was doing contract engineering and was on the road. My wife was doing almost everything all the time. It isn't a regiment where you're sitting there, sitting there at 10 to 10:40 with mathematics, etc, etc. It is life. It is living the best thing we can teach our kids, and the best thing we can give them is a love of learning. If you can pull it off, it's a fantastic thing, and it is so rewarding. We've had success with all eight kids. It's just been phenomenal. Hey, I hope you have a great week. Any questions? If you need a little help go to Craig Peterson comm slash help and make sure you sign up anyways at Craig Peterson calm. We'll be back next week with webinars and more on Wednesday morning. Transcribed by https://otter.ai --- More stories and tech updates at: www.craigpeterson.com Don't miss an episode from Craig. 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Somalia has been granted debt relief of more than a billion dollars by the so-called Paris Club, a group that includes the US and Norway, among other countries, as well as the World Bank and International Monetary Fund. The African nation has worked hard for several years to qualify for the debt cancellation, which now paves the way for the war-torn country to rebuild its economy. Mahad Ahmed unpacked this story with us from Mogadishu. He's the CEO of the International Bank of Somalia. #Somalia #IMF #Debt

The coronavirus crisis is likely to be with us for some time to come and governments have been doing their best to manage the crisis, but it seems some countries are doing better than others.The Morrison government has been dragging its feet, on the economic and health fronts, and it seems that it’s directing its actions based on ideological pursuits, rather than putting that all aside, and working out what is the best outcome for the entire community.Economic action has been slow – there are two stimulus packages, but not a cent has actually been received by anyone yet, and government messaging on health outcomes have been contradictory and confusing.Governments of all persuasions need to rise to the occasion in a time of crisis but it seems that this government is going to exhaust all other options before embarking on the correct course of action. Is this the right government for the times, or do we need something different?Whether we have the right government at this time is questionable, but neoliberalism as an economic philosophy has had its day and needs to answer some questions of its own. Modern history has shown in times of crisis, the world does have the ability to stop, reassess the direction it’s heading in and develop strategies for a better future. In 1919, the Paris Peace Conference resulted in the creation of the League of Nations – that failed in its primary purpose, which was to prevent further war – and after the Second World War ended in 1945, we saw the creation of the United Nations, instigation of the Bretton Woods agreement which set up news terms of monetary relations between North America, Western Europe, Australia and Japan, resulted in the International Bank for Reconstruction and Development and the International Monetary Fund.The mode of thinking at that stage was there needed to be a control over speculative financial capital, a need to consolidate Keynesian economic thinking, and stabilise world economies – that was economic thinking that existed until the onset of neoliberalism in the early 1980s, and there have been calls for a new mode of economic thinking to guide us through this current economic crisis.In 1945, the world has Churchill, Roosevelt and Curtin – among others – great national figures in their respective countries. Now we have Boris Johnson, Donald Trump and Scott Morrison – we asked the question before if Australia has the right leadership right now – but internationally, do we have the right leadership to create a new financial and economic structure to guide the world through this crisis?

The coronavirus crisis is likely to be with us for some time to come and governments have been doing their best to manage the crisis, but it seems some countries are doing better than others.The Morrison government has been dragging its feet, on the economic and health fronts, and it seems that it’s directing its actions based on ideological pursuits, rather than putting that all aside, and working out what is the best outcome for the entire community.Economic action has been slow – there are two stimulus packages, but not a cent has actually been received by anyone yet, and government messaging on health outcomes have been contradictory and confusing.Governments of all persuasions need to rise to the occasion in a time of crisis but it seems that this government is going to exhaust all other options before embarking on the correct course of action. Is this the right government for the times, or do we need something different?Whether we have the right government at this time is questionable, but neoliberalism as an economic philosophy has had its day and needs to answer some questions of its own. Modern history has shown in times of crisis, the world does have the ability to stop, reassess the direction it’s heading in and develop strategies for a better future. In 1919, the Paris Peace Conference resulted in the creation of the League of Nations – that failed in its primary purpose, which was to prevent further war – and after the Second World War ended in 1945, we saw the creation of the United Nations, instigation of the Bretton Woods agreement which set up news terms of monetary relations between North America, Western Europe, Australia and Japan, resulted in the International Bank for Reconstruction and Development and the International Monetary Fund.The mode of thinking at that stage was there needed to be a control over speculative financial capital, a need to consolidate Keynesian economic thinking, and stabilise world economies – that was economic thinking that existed until the onset of neoliberalism in the early 1980s, and there have been calls for a new mode of economic thinking to guide us through this current economic crisis.In 1945, the world has Churchill, Roosevelt and Curtin – among others – great national figures in their respective countries. Now we have Boris Johnson, Donald Trump and Scott Morrison – we asked the question before if Australia has the right leadership right now – but internationally, do we have the right leadership to create a new financial and economic structure to guide the world through this crisis?

Welcome to Finance and Fury, The Furious Friday edition You probably are exhausted about the coronavirus - What you probably haven’t heard about is A little known type of bond created in 2017 by the World Bank. The World Bank – Headquartered in Washington DC – back in June 2017 – issued Pandemic Emergency Financing Facility (PEF) – call them pandemic bonds Technically their debt/lending arm – the International Bank for Reconstruction and Development Facility created by the World Bank to channel surge funding to developing countries facing the risk of a pandemic Is an international organisation created in 1944 – part of the Brenton woods era of creation of agencies The World Bank has two main goals: to end extreme poverty and promote shared prosperity – does this primarily by providing loans to its borrowing member government clients in middle-income countries Loans in the form of bonds – done so through the international capital markets for 70 years to fund its activities 2017 – the World Bank issued $425 million in a new type of “pandemic bonds” - Marks the first time that the World Bank is in the business of infectious diseases – with a maturity in just a few months – July 2020 Was oversubscribed by 200% - with investors eager to get their hands on the high-yield returns on offer World Bank Group President Jim Yong Kim said. “We are moving away from the cycle of panic and neglect that has characterized so much of our approach to pandemics. We are leveraging our capital market expertise, our deep understanding of the health sector, our experience overcoming development challenges, and our strong relationships with donors and the insurance industry to serve the world’s poorest people. This creates an entirely new market for pandemic risk insurance. I especially want to thank the World Health Organization and the governments of Japan and Germany for their support in launching this new mechanism.” How does it work - Investors buy the bonds and receive regular coupons payments in return but if there is an outbreak of disease, the investors don’t get their initial money back PEF financing to eligible countries will be triggered when an outbreak reaches predetermined levels of contagion, including number of deaths; the speed of the spread of the disease; and whether the disease crosses international borders. The determinations for the trigger are made based on data as reported by the World Health Organization (WHO) There are two varieties of debt, both scheduled to mature in July 2020. First bond raised $225 million - coupon rate of around 7% p.a. Payout on the bond is suspended if there is an outbreak of new influenza viruses or coronavirus (SARS, MERS). The second, riskier bond raised $95 million at an interest rate of more than 11%. This bond keeps investors’ money if there is an outbreak of Filovirus, Coronavirus, Lassa Fever, Rift Valley Fever, and/or Crimean Congo Hemorrhagic Fever. The World Bank also issued$105 million in swap derivatives that work in a similar way to protect the losses Done to attract a wider, more diverse set of investors – as it minimises the loses Countries eligible for financing under the PEF’s insurance window are members of the International Development Association (IDA) – an arm of the World Bank Group that provides finance for the world’s poorest countries The PEF, under its insurance window, has the capacity to provide payments up to a maximum of US$ 425 million during its initial 3-year period for all qualifying outbreaks combined But the catch is that there are established ceilings of maximum payments for each of the disease families covered. The maximum payout per disease is capped at US$275 million for pandemic Flu, US$150 million for Filovirus - but US$195.83 million for Coronavirus – less than half of funds raised Technical side to these bonds – in essence - are a combination of bonds and derivatives priced today (insurance window), along with a cash window, and future commitments from donor countries for additional coverage – convoluted and complex structure What are these windows - The PEF has two windows. The first is an ‘insurance’ window with premiums funded by Japan and Germany, consisting of bonds and swaps including those executed today. The bonds and derivatives for the PEF’s ‘insurance’ window were developed by the World Bank Treasury in cooperation with leading reinsurance companies Swiss Re and Munich Re - Swiss Re Capital Markets is the sole book-runner for the transaction Swiss Re Capital Markets Limited, Munich Re and GC Securities were also joint arrangers on the derivatives transactions. The bonds will be issued under IBRD’s “capital at risk” program because investors bear the risk of losing part or all of their investment in the bond if an epidemic event triggers pay-outs to eligible countries covered under the PEF. The second is a ‘cash’ window, for which Germany provided initial funding of Euro 50 million. The cash window will be available from 2018 for the containment of diseases that may not be eligible for funding under the insurance window.   A pandemic has been called - The premiums bondholders have received thus far were largely funded by the governments of Japan and Germany, with some from Australian Aid – seems like the taxpayers have been covering the costs of this – Like the whole funding for the WHObehind the United States and United Kingdom -but yet Reports have claimed that most of the bondholders are firms and individuals based in Europe – so using tax funds to pay the investors in these bonds Claims that investors who purchased those products could lose millions – Who bought these? - Asset managers – about 16% - Pension funds about 42% of the risky bonds – but the derivative positions should cover most But the individual list of bondholders are not publicly available – just the types of funds Market analysts and non-aligned economists have argued that these pandemic bonds were never intended to aid low-income pandemic-stricken countries - instead to enrich the financial sector American economic forecaster Martin Armstrong went on the record to call the World Bank’s pandemic bonds “a giant gamble in the global financial casino” – due to the derivative structures and counterparty risk - these bonds could present a structured derivative time bomb – all exploding at the same time the government controls around the pandemic are tanking markets    Armstrong went on to say that it is in WHO’s interest to declare the coronavirus outbreak a pandemic, but noted that, in doing so, they would cause bondholders to take a significant loss bottom of forms – but only if the derivatives don’t provide shift the risk to the counterparties Irony of this scheme - – ineffective for doing anything to reduce an outbreak – or provide funding in a timely manner These pandemic bonds fund created by the World Bank “to channel surge funding to developing countries facing the risk of a pandemic” and the creation of these so-called “pandemic bonds” was intended to transfer pandemic risk in low-income countries to global financial markets – remember this was the WHO who backed the World Bank’s initiative – as triggering a pandemic is in their authority Many policymakers have criticized the World Bank's pandemic bonds - Under their provisions, the bonds haven't yet made any payouts to threatened countries, because their terms require a waiting period of 12 weeks from when the triggering outbreak began Goes against what advocates said these pandemic bonds are meant to do. There was initially a belief that money would become rapidly available to countries early on in an outbreak If the goal was to stop a disease from spreading to new countries, then time was of the essence in setting a triggering event -- and unnecessary delays are incredibly counterproductive. Critics, however, have called the unnecessarily convoluted system “World-Bank-enabled looting” that enriches intermediaries and investors instead of the funds intended targets, in this case, low-income countries struggling to fight a pandemic. These critics have asked why not merely give these funds to a body like the Contingency Fund for Emergencies at the World Health Organization (WHO), where the funds could go directly to affected countries in need. Even Larry Summers, the former World Bank chief economist and the Secretary of the US Treasury who recommended sending garbage to poor countries dismissing the PEF as “financial goofiness.” The program was “designed to fail” because the bonds were crafted in order “to reduce the probability of payout but also limit the amount of funds to be paid out in an event to the derivative counterparties Current triggers guarantee that payouts will be too little because they kick in only after outbreaks grow large.   Summary  It appears that All of this was created to enrich financial speculators rather than just providing funding for an outbreak Anyway - Remember – the world bank ‘loans’ funds to third world nations – like all banks it isn’t a gift Gets these low-income nations in a position further indebtedness to the World Bank – denominated in USD So whilst the USD is surging right now due to the panic for people trying to get more of the reserve currency, the level of funds that have to be repaid grows Problem with this – we just have to take their word on it – there is zero evidence they actually do what they say – and they are the ones saying they do this Who knows if the money gets paid out or if it goes towards helping reduce the spread – as others have said – it is too little too late. Thank you for listening to today's episode. If you want to get in contact you can do so here: http://financeandfury.com.au/contact/

Learn from International Bank and International Shipping exports to find out how to increase international sales and finance foreign buyers through Letters of Credit.  What are letters of credit? How do they work? What are the benefits? Can I trust I will get paid? What is the “scale of risk”? This podcast is derived from a question & answer forum recorded in front of a live audience of international shipping, supply chain management, and U.S. Customs compliance professionals.  Our audience submits the questions and we provide the answers. Mention this podcast for a 30-minute free consultation for U.S. Customs Compliance or Supply Chain Optimization and pricing.  Email consulting@scarbrough-intl.com. Visit the Letter of Credits page to download the associated presentation, gain access to other material and information.  Feel free to share this training with your team! For more On Demand Training resources and other topics https://www.scarbrough-intl.com/ondemandtraining. Episode Webpage:  >> https://www.scarbrough-intl.com/training/letters-of-credit/

Managing bank relationships is an integral piece of treasury management and it impacts multiple areas globally. On part 2 of the Go Strategic series, Host Craig Jeffery catches up with Senior Treasury Consultant Stephanie Villatoro to discuss bank fees on both an international and domestic level. Topics of discussion center around cash management services, merchant cards, credit, foreign exchange, and bank relationships. Listen into this insightful discussion to learn more.

Scam Busters (Ann Jackson mentions Davin to her scammers)

Bryan sits down at the microphone with Bob Harris, best known for his multiple appearances on Jeopardy and his book, The International Bank of Bob, which focuses on one of Bryan’s favorite websites, Kiva.com. Enjoy their fast-paced conversation covering a whole lot more than simply how to be a successful writer. SUMMARY 00:01:02 – The answer … Continue reading "Bob Harris: Most Interesting Man In The World"

S03E02: Death and Taxes Featuring Hosts: Matt Carano, Tom Hudson, and Nick Boyle Engineered by: Matt Carano Produced by: Tom Hudson, Matt Carano, and Nick Boyle   Featuring Hosts: Matt Carano, Tom Hudson, and Nick Boyle   Engineered by: Matt Carano   Produced by: Tom Hudson, Matt Carano, and Nick Boyle  News Bearcat http://www.unionleader.com/safety/After-breaking-down-numerous-times-Nashua-to-purchase-new-Bearcat-for-301k-04062018 Sales Tax In Us http://www.unionleader.com/article/20180408/OPINION01/180409412/0/FRONTPAGE http://www.unionleader.com/Internet-sales-tax-in-U.S.-faces-a-Judgment-Day Death Penalty http://www.wmur.com/article/nh-house-committee-takes-up-death-penalty-repeal-bill/19681064 Medicaid http://nhpr.org/post/medicaid-expansion-clears-first-big-hurdle-nh-house#stream/0 Backpage.com seized by feds http://nh1.com/news/national-video/indictment-accuses-backpage-founders-of-aiding-prostitution-2 http://econlog.econlib.org/archives/2018/01/craigslist_redu.html Manchester homeless camps in the crosshairs http://www.unionleader.com/social-issues/manchester-camps-in-the-crosshairs-1-homeless-enclave-bulldozed-2-others-eyed-20180408 Events Freecoast Liberty Outreach Meetup 12th Exeter, 19th Hampton Matt's Crypto Talk Special Segment - Autocrat Of The Week Matt - Steve Marchand https://en.wikipedia.org/wiki/Steve_Marchand NH History Bretton Woods Conference 730 delegates from all 44 allied countries July 1st-22nd 1944 Hosted at the Mount Washington Hotel in Bretton Woods NH Main Objective: Establish a new international monetary order Lessons Learned from the past At the end of WWI the allies imposed large reparation payments. These payments were supposed to cover the debt accumulated by Allied forces during the war and help them pay to rebuild their countries.Result: Germany printed money to make the reparation payments causing hyperinflation. (e.g. 1 loaf of bread in 1918 ¼ of a Reichsmark, 1 loaf of bread in November 1923 80 billion Reichsmarks Most countries response to the Great Depression was trade restrictions(tariffs, quotas, etc) to improve account deficits and stop reserve loss. Retaliation against trade restrictions only pushed the level of restrictions to international trade higher and further suppressed output and employment in many countries. New realizations Even though the conference participants were dedicated to capitalism, John Maynard Keynes' economic ideas were flourishing(unfortunately). Keynes prescribed during recessions an increase in government spending, to prevent aggregate spending from falling. Reflecting the Keynesian ideas, the welfare state emerged out of the Great Depression. The two major personalities there were Keynes, representing Britain; and Harry Dexter White, representing the U.S. The British plan Keynes proposed an International Clearing Union (ICU) as a way to addressing current account imbalances. He wanted to avoid the reappearance of persistent and large current account deficits that happened during the interwar years (1918–1939), which increased countries' debt and debt payments and decreased growth at the global scale. Keynes thought of the International Clearing Union as a bank with its own currency (called Bancor), exchangeable with other currencies at a fixed rate. He proposed using Bancor to measure countries' trade deficits or surpluses. Countries with current account deficits would have an overdraft facility in their Bancor account with the ICU. He worked out specific numbers regarding the size of the overdraft facility. His proposal implied a maximum overdraft of half of the country's average trade size over five years. If a country needed funds higher than the overdraft, it would be charged interest, thus motivating the country to devalue its currency. Keynes's plan implied an interest charge of 10 percent if a country's current account surplus was more than half the size of its permitted overdraft; this solution would motivate these countries to lend more. At the end of the year, if the country had a current account surplus that was half the overdraft, the ICU would confiscate the surplus. The American Plan The U.S. agreed on the necessity of an agency to manage current account imbalances, but Keynes's idea of the ICU was too interventionist for the American side. Additionally, the U.S. saw itself as a surplus country in terms of its current account in the years to come and didn't want such interventionist ideas to be practiced on the U.S. White proposed the International Stabilization Fund (which later became the International Monetary Fund, or the IMF), which placed the burden of balancing current accounts on deficit countries and imposed no limits on surplus countries. White's Plan included a new multilateral development agency that would plan and finance economic reconstruction in all war-torn countries, allied or aggressor. The International Bank for Reconstruction and Development (IBRD, part of today's World Bank) emerged from the American ideas about reconstruction. Result Created the International Monetary Fund & World Bank IMF monitors exchange rates and lend reserve currencies to nations. World Bank provided financial assistance to reconstruction for countries post-WWII IMF pegged all currencies to the US dollar. The US dollar was pegged to gold. This ended in 1971 when Nixon got off the gold standard. Now all currencies “float” http://www.dummies.com/education/finance/international-finance/the-impact-of-the-bretton-woods-conference-in-1944/

KIB's Mohammad Said El Saka explains the bank's strategy to become Kuwait's Islamic bank of choice

Global governance has undergone significant change since the late 1990s, with the number of global players in health, trade, and development finance rapidly increasing, mobilizing more funds for health and development in developing countries, and spurring global trade. This trend has challenged the three most prominent intergovernmental bodies in these areas—the World Health Organization, the World Trade Organization, and the World Bank. They now need to adapt to a new world order where they play a less central role. After World War II, governments around the world forged international agreements and treaties, forming global bodies to promote international good in almost every social sphere. In 1944, the World Bank's predecessor, the International Bank for Reconstruction and Development, was established to help rebuild economies devastated by the war. Three years later, the General Agreement on Tariffs and Trade, which over time evolved into the WTO, was formed. The WHO was set up soon after in 1948 as the United Nations' specialized agency for health. But in the 1990s, new actors—nonstate and nongovernment organizations—emerged, challenging the authority of the WHO, the WTO, and the World Bank, says Matthias Helble, senior economist and co-chair of the research department at the Asian Development Bank Institute. Read the transcript https://bit.ly/2ue7k3l Read the working paper https://www.adb.org/publications/comparison-global-governance-across-sectors-health-trade-development-finance About the authors Matthias Helble is senior economist and co-chair of the Research Department at the Asian Development Bank Institute. Jera Lego is an ADBI associate. Zulfiqar Ali was an ADBI associate at the time the research was published. Know more about ADBI's work on Trade https://bit.ly/2oTzgng https://bit.ly/2D3NTJH Health https://bit.ly/2pxdEyb https://bit.ly/2HVr2CZ

Affordable housing and Public Housing in the spot light.Lousa Bessina (Social Alternative) looks at the Glenfell disaster in London and makes connects to public housing policies in Victoria and Australia.Kate Shaw  outlines the arguments against social mix and sell off of Victorian Public Housing assets based on outmoded neoliberal small government credo put forward by Victorian Housing Minister Martin Foley.http://www.theage.com.au/victoria/social-mix-approach-to-public-housing-is-failing-research-finds-20170616-gwsj3m.html https://theconversation.com/why-should-the-state-wriggle-out-of-providing-public-housing-79581?sa=pg2&sq=kate+shaw&sr=1 Matt Kunkell talks to Lisa Heap (VTHC Women's Officer) about the decision on Domestic Violence Leave made last week.Kevin sums up the week in This is the Week that Was.Humphrey McQueen reports on the International Bank of Settlements report card on the world economy.

Head of Corporate Communications Nawaf Najia discusses KIB's corporate social responsibility programme

Banco Santander, S.A. (NYSE: SAN ) may be the largest international bank no one really talks about. With a branch network nearly three times larger than Bank of America (NYSE: BAC ) and about $1.5 trillion in assets in geographies that include Spain, the UK, and Latin America, it is undoubtedly one of the world’s most complex retail banking institutions. 

Attorney Karen Hudes, Acting General Counsel for the International Bank for Reconstruction and Development, exposes the corrupt financial system that the global elite are using to control the wealth of the world.  This is a timely broadcast as we see the world's financial system teetering on the brink of insolvency.  You don't want to miss this broadcast as it may save you from financial armageddon that must eventually unfold.  Please do call in with your questions, or comments, now toll-free 888-773-4496.

Welcome to a very special one year anniversary episode of Mind the Headspace! Bringing you the best in the more cerebral and experimental side of electronic (dance) music, with a focus on Dallas area DJs and producers. I am beyond grateful for everyone's support and encouragement in this podcast, and i have high hopes for its future. To commemorate this special occasion, i finally got a mix out of Superstar DJ Number One: Sean Sparks!  Today Sean Sparks repays his debt to the International Bank of 808, as he was unable play this set at Myschievia this past October. As always, please be sure to comment/rate (in Itunes please!), share, SUBSCRIBE, and most importantly, enjoy! -Fropsi   Find Fropsi here: www.soundcloud.com/fropsi and here www.facebook.com/fropsi Find Sean Sparks here: www.soundcloud.com/seansparks

Bob is just an average guy. He got lucky and landed in a job as a travel journalist, traveling the world and staying in very nice properties. But in his world travels, he saw poverty all around him and felt the urge to do something. He's not become a philanthropist, gathering a group of investors who are lending (not giving) millions of dollars to people around the world who are trying to improve their lives. And he's doing it with as little as $25 a pop. Of all the exciting things he's done, he says this is the best. Want to be inspired? Find out how you can help. This interview with Bob Harris, author of the book The International Bank of Bob (great read) aired live July 8, 2013.

A survey of Latinos in San Diego County finds that many face discrimination. Fewer Americans are choosing to have children. Some experts say this could have disastrous effects for the country's economic future. We speak to an International Bank of Commerce official who says America will need to import more workers to fill job shortages. When photographer Wes Naman invited friends to pose for a series of what was meant to be goofy portraits, neither he nor his models had any idea the images would end up reaching millions of people across the globe. More on why this Albuquerque artist's photos of distorted faces went viral.

Imagine a bank that operates in 67 countries around the world, has one employee, has made thousands of loans with an average value of $25 a pop and is committed to never making a profit but believes it can help eradicate poverty through capitalism. You just imagined The International Bank of Bob. And Bob Harris thinks what he's done is so easy and so rewarding that it won't be long before you decide to set up The International Bank of "Your Name Here".While jet setting around the world as a writer for Forbes Traveller, Bob Harris found himself wondering when luxury moves from being fun to just being a waste of money. Is it when the hotel you're staying in offers a $7438 "cocktail" that is really just a shot of whiskey in a golden take-out cup? Or is it when you charge a small fortune for a cup of coffee because it has been pooped out of the ass of a rare Indonesian cat which you claim releases the subtle flavors of the beans? (It's called Kopi Luwak.) Or maybe it's when you spend billions of dollars building islands in the shape of a world map which then get washed away? Bob wasn't sure when luxury became stupidity but he was definitely sure there was a point where it did and so, in his own small way, he decided to find a way to take half his salary and put it towards eliminating poverty. Frequently disappointed by the results of charity, he was looking for something different. And that's how he found his way to micro finance and Kiva.org.Micro finance began in 1976 when Muhammad Yunus was visiting one of the poorest parts of his home country, Bangladesh. While there, Yunus was struck by the inability of the poor to get competitive loans for their entrepreneurial projects. Because banks would not lend to them, the poorest people were forced to go to loan sharks who charged back-breaking interest rates. The result was a cycle of poverty that was difficult to escape. And that's when Yunus decided that breaking the solution to poverty might not be charity; it might be banking. By giving out small loans to the country's poorest citizens, Grameen Bank, which Yunus founded, has helped drastically improve the lives of millions by empowering the poor to help themselves. With micro finance institutions in over 100 developing countries, it's no wonder that Yunus and the Grameen Bank were awarded the Nobel Peace Prize in 2006.So awesome is the power of micro finance to break the cycle of poverty that in 2004, Matt Flannery and Jessica Jackley set out to find a way to make it easier for people in the developed world to participate in these programs: the result was Kiva.org. Kiva.org allows you to log on and see people all over the developing world who are applying for loans and contribute to them. You can log on and see a photo of Martin who runs a convenience store and wants a loan of a few hundred dollars to buy a machine to process electronic payments or Rosalina in Honduras who wants a $1500 loan to buy fertilizer for her coffee crop. You can track the individual's loan history, their repayment rate and see how far they are to repaying their current loan. In short, Kiva is a far cry from the mega charities, we have become familiar with because it allows us to see on a personal and individual level how we are making a difference one individual at a time. Best of all, Kiva loans have a repayment rate of 99%, meaning that the same money can be reinvested again and again into helping new groups of people all over the world. As Bob made more and more loans, he developed a desire to meet the people he had sponsored and so he set out to visit bicycle repairmen in Morocco, the guy in Sarajevo who built a sports bar and a woman in Rwanda who in a year and a half used a series of micro finance loans to build a business that moved her and her children from living on a mat to having a proper house.The result is a deeply personal and very funny book that sets out to chronicle the stories of micro finance, but ends up leaving the reader with a sense of the universality of human intelligence, work ethic and a desire to provide a better life for our kids. In this episode of the show, Bob, Bryan and Hunter discuss the power of micro finance and the ability of tiny choices to radically change the lives of thousands. It's really moving and heartfelt…in a way that sometimes made us feel awkward...and that's why the conversation occasionally deviated into talking about strippers Bryan has micro financed and the fact that Bob won Jeopardy a bunch of times then wrote an awesome book about it called The Prisoner of Trebekistan. Bob Harris is the author of four books: The International Bank of Bob: Connecting our Worlds one $25 Loan at a Time, Prisoner of Trebekistan, Who Hates Whom, a pocket guide to global conflict; Beyond Caprica, a mock travel guide to the 12 colonies of the Caprica/Battlestar Galactica universe.If you'd like to try micro finance, Kiva is offering people the chance to invest $25 of a rich dude's money and see what the experience is like. If you're interested visit www.kiva.org/bankofbob. You can read more about Bob Harris at bobharris.com.

A chat with author Bob Harris (Prisoner of Trebekistan) about his new book on micro-loans The International Bank of Bob. We talk about doing good to feel good, emotional writing, the business of books, advice from Joss Whedon, and lots more. Check out Bob's book at http://bank-of-bob.com/

Roger Voorhies, Founder and Former CEO, OIBM talks about the bank’s institution building, the bank’s experience with technology - cards, m-banking, ATMs, and whether the OIBM experience can be replicated in other regions.

Roger Voorhies talks about the biggest challenges and natural advantages of doing microfinance in Africa. He also introduces the history of OIBM, one of the leading microfinance banks on the continent. 

Who is responsible for the global economic problems we are now facing? It's most certainly the Federal Reserve Bank or more accurately, its filthy rich International Bank shareholders. Our money system is not what we have been led to believe. The creation of money has been “privatized,” or taken over, by the Federal Reserve Bank, which is nothing more than a private money cartel. Except for coins, all of our money is now created as loans advanced by private banking institutions—including the private Federal Reserve. Banks create the principal but not the interest to service their loans. To find the interest, new loans must continually be taken out, expanding the money supply, inflating prices—and robbing you of the value of your money. Now it seems the Fed's grand Ponzi may be in the process of self destructing. Ellen Brown, author of The Web of Debt, will talk about a workable alternative and how America can return to the ideals upon which it was founded on July 4, 1776.