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Outlook on Global Agenda 2015 – Top 10 trends

4 December 2014
UPSIDES RECOMMENDS - Year-end lists are popular. Even the World Economic Forum’s outlook on the Global Agenda 2015 offers ‘an analysis of the Top 10 trends which will preoccupy our experts for the next 12-18 months as well as the key challenges facing the world’s regions, an overview of global leadership and governance, and the emerging issues that will define our future.’ What is at the top of the list, rising from the second slot this trend occupied last year? The deteriorating income inequality: in the US the top 1 percent of the population receives a quarter of the income. Over the last twenty-five years, the average income of the top 0.1 percent has grown twenty times compared to that of the average citizen. Another riser is persistent jobless growth ranking second place, while a startling 86 percent of respondents to the Survey on the Global Agenda agree that we have a leadership crisis in the world today, giving a lack of leadership the dubitable honour of holding the third position in the Top 10 trends. read more
Quechua woman and child

Countering the double invisibility of rural women through more inclusive lending

1 December 2014
UPSIDES RECOMMENDS - Rural populations are often an invisible market for financial institutions, being far removed from the bustling markets of the metropolis. Seeing rural women as a market to serve is doubly hard for these institutions to see because in these communities, women’s work and their income are considered just a part of their everyday work and not a distinct, productive activity. Knowing that these communities are in need of financial inclusion, what tools do we need in order to serve a segment that is both geographically and economically distinct from the urban sector? How can we better recognize the economic contributions women make to their household and to society? read more
Grain seller in Monrovia, Liberia (Thinkstock)

Why private equity boosts developing economies

26 November 2014
UPSIDES RECOMMENDS - The private equity (PE) model is increasingly being used as an instrument for sustainable growth of the private sector in developing countries. This article discusses four main characteristics of this model that drive private sector development in developing countries: a long-term horizon, a focus on value creation, a flexible investment approach and a strong position of influence to improve environmental, social and governance (ESG) standards. read more
Urban Mongolia_Al Jazeera English

Nomindari Enkhtur: ‘We cannot succeed in a world that fails’

25 November 2014
In order to curb Mongolia’s significant environmental and social problems, government agencies, industry players and financial institutions met in May 2013 at the first Mongolian Sustainable Finance Forum in Ulaanbaatar. The main topic: the question how to steer Mongolia towards a greener development path. All banks signed a joint statement committing themselves to promote sustainable banking. The Mongolian Sustainable Finance Working Group (MSFWG) was launched, a joint initiative by all Mongolian banks, the Central Bank of Mongolia, the Ministry of Environment and Green Development and the Financial Regulatory Commission, spearheaded by the Mongolian Bankers Association (MBA). Upsides spoke to Ms Nomindari Enkhtur, MBA's international relations and partnership manager. read more