From the slowdown of the global economy to the heat-up of the World Bank presidential race

An interview with a GGI official reveals that the largest amount of development money is in the private sector, but green investments need to be made more attractive by reducing regulation & policies.

Ambassador Daniel V. Speckhard, President & CEO of LWR will lead the new organisation, combining 550 staff with one chief executive and identical Boards of director

Derry City & Strabane county council will host a range of global climate change experts on 12 March 2019 in The Guildhall to address  the benefits of green infrastructure and the issue of climate action at a local authority level.

The IMF has cut its world economic growth forecasts for 2019 and 2020 due to a possible no-deal Brexit and a bigger than expected slowdown in China’s economy, which could further destabilise a slowing global economy. Christine Lagarde warns policy makers to boost economic resilience risks.

           Related: IMF warns no-deal Brexit could trigger further slowdown in global economy

The hostility of the current U.S. administration towards multilateralism has raised the stakes in the process, with the U.S. hold on the World Bank presidency on the line. Scott Morris of the Center for Global Development states that Europeans will be desperate to see the U.S. administration put up a credible candidate.

Related: Opinion: It’s time for the US to loosen its grip on the world bank

The partnership will identify key priorities and investment opportunities to accelerate data use through research, skill-building or the development of new technology platforms. The collaborative’s first activity is $20 million in funding to DataKind, a global non-profit that harnesses the power of data science and AI for good and has completed over 250 projects.

From the UN General Assembly in New Yok, Guterres presented his top priorities for 2019; diplomacy for peace; ambitious climate action; acceleration towards the Sustainable Development Goals; better governance over new technologies; and stronger UN values worldwide.

Officials from Netanyahu’s offices met two weeks ago with
leading representatives of major global financial organisations to learn their prospects for forming a bank and the best way to structure it. An Israeli Development Bank would help finance Israeli companies doing business in developing countries.

Presently comprising nearly 30 companies from the plastics and consumer goods value chain, the Alliance to End Plastic Waste (AEPW) has already committed over $1 billion and has set the goal of investing $1.5 billion over the next five years to help end plastic waste in the environment.

AfDB and ICRC signed a letter of intent on 16th January, committing them to collaborate on accelerate gender equality, build resilience, and provide improved gender economic opportunities in Africa’s transition countries.

42 prominent scholars of international relations published a
paid advertisement last July in the New York Times warning that Trump administration policies pose a serious threat to the maintenance and productive reform of the global order. They warned, “Almost nobody benefits from a descent into the chaos of a world without effective institutions that encourage and organize cooperation.”

         Related: Merkel delivers defense of post-war multilateral order in Davos address

As this year’s Davos meeting convenes to discuss ways of addressing the Fourth Industrial Revolution, the entire U.S. delegation, President Macron and Prime Minister Theresa may have remained back to address crises at home. With focus placed elsewhere, the development community struggles to draw the attention and resources required to address global challenges.

 Related: Mental Health in the spotlight at Davos