There’s Nothing Random About Fostering an Environment of Creativity
Creativity has little space where tasks are practiced as regimentation. “Business unusual” is a catchphrase about doing things differently, to bring about change, to innovate. Times are becoming more complex. For economic gain, nature can no longer be simply considered as something to be “conquered” by people to extract wealth
Kyrgyz Republic Banking on Mobile Phones to Bring Finance to Rural Areas
Mobile financial services have proven to be an ideal means to connect rural and remote populations to the financial sector. In several countries now—for example, Kenya, Uganda, Pakistan, or the Philippines—financial services are successfully delivered to the rural population using mobile phones and agents.
PRC's Dim Sum Bonds Need to Develop a New Flavor
The offshore renminbi bond market has boomed since the People’s Republic of China (PRC) authorities first allowed domestic banks to issue them in Hong Kong, China in June 2007. But appetite for the paper—popularly known as “dim sum bonds”—is starting to wane as access to onshore markets becomes easier. To stay relevant, the dim sum market must develop further.
Is Asia Ready for Social Impact Bonds?
Raising finance for projects which are socially important but have little appeal to hard-nosed investors has been a major challenge for governments and donor agencies in the past. But now a new instrument has been developed which offers a fresh way forward—Social Impact Bonds.
Pushing the Boundaries for Women
Fifteen years ago I was working for a nongovernment organization (NGO) in Bangladesh documenting stories of training and economic empowerment of communities. A common recurring theme in virtually all the communities was the gender stereotyping in skills training programs.
Renminbi Stepping in Right Direction Toward Internationalization
The PRC may be a globally significant economic and trading power, but the market share of its currency, the renminbi (RMB), lags well behind the US dollar and the euro. To align the RMB with its growing global stature, the PRC has embarked on a strategy to internationalize the currency. Typically, it is taking a gradual approach.
Banking Integration in ASEAN Gathers Pace
The ASEAN Economic Community, planned to come into effect in 2015, is expected to liberalize goods, capital and skilled labor flows in the ASEAN region. While there has been considerable progress in the area of trade integration, financial integration still lags behind. The ASEAN Banking Integration Framework, which aims to liberalize the banking market by 2020, could help pave the way for further integration and the entry of ASEAN banks into regional banking markets.
Why Partnering with the Private Sector is Key to Inclusive Growth
Over the past couple of decades, no one can deny that the Asia and Pacific region has represented a remarkable success story. Absolute poverty levels have fallen significantly and the region is on course to achieve a number of Millennium Development Goals (MDGs).
Preparing for Life After the MDGs
The establishment of the Millennium Development Goals (MDGs) by the United Nations in 2001 was a defining moment. It rallied a global effort in the fight against poverty, hunger, and disease, while promoting universal education, gender equality, and environmental sustainability. However, new challenges have emerged while remaining ones are complex. Meanwhile, the 2015 deadline for achieving the MDGs is almost upon us, raising the question: where do we go from here?
Farewell Astana, Hello Baku
We’ve wrapped up our 47th Annual Meeting in Astana today with plenty of food for thought on what lies ahead for our vast, diverse region.