Jacob Waslander, a Senior Associate at World Resources Institute and a former board member of the Green Climate Fund, and Patricia Quijano Vallejos a lawyer and Research Analyst in the Finance Center at World Resources Institute, have outlined the steps they believe the Green Climate Fund should take in order to restore confidence in the organisation going forward
Gita Gopinath has been appointed as the IMF’s new Chief Economist. Gopinath is currently the John Zwaanstra Professor of International Studies and Economics at Harvard University. She will join the IMF in the New Year.
Forbes Magazine has added a ‘Generosity’ rating to the Forbes 400 for the first time. Members of the list are given a score of 1 to 5 based on their total lifetime giving, how personally involved they are in their charitable giving, and how quickly and effectively they distribute their donations. Only 29 of Forbes’s list of America’s wealthiest individuals received the highest possible score of 5.
A collection of profiles of some of the leading figures in impact investment as it becomes increasingly mainstream.
Zhao Huan, the President of Agricultural Bank China, has been appointed chairman of the Chinese Development Bank.
The World Bank, the UN, and the Red Cross have joined Amazon, Microsoft, and Google to announce a new tool that will use artificial intelligence to stop famines before they start. The Famine Action Mechanism (FAM) will combine information gathered from satelite data and news and social media to predict food crises and will establish a fund to be automatically dispersed once a crisis meets certain criteria to speed up response time.
Mark Zuckerberg has reportedly appointed Yale University’s Chief Investment Officer David Swensen to conduct a search for a Chief Investment Officer for Zuckerberg’s USD $10 Billion philanthropy fund, the Chan Zuckerberg Initiative.
The World Resources Institute has announced the appointment of Lori Bird as U.S. Director, Energy and the second Polsky Chair for Renewable Energy. Bird joins WRI from the National Renewable Energy Laboratory where she served as Principal Analyst in the Markets and Policy Group.
An interactive look at DFID’s bilateral aid plans in the next few years based on newly released country profiles showing how the agency is using aid in 2018 and 2019.
The US Senate has passed the Better Utilization of Investment Leading to Development, or BUILD Act, which will create a new U.S. government agency — the U.S. International Development Finance Corporation. The DFC will combine the Overseas Private Investment Corporation and USAID’s Development Credit Authority into one agency and add new development finance capabilities.
The Global Green Growth Initiative will run an event in parallel with the IMF-World Bank Annual Meetings in Indonesia this month. The GGGI event will focus on ‘Low Carbon Development and Green Economy’.
The Intergovernmental Panel on Climate Change gathered in Incheon, South Korea, this week to officially launch the ‘UN Special Report on 1.5°C (SR1.5),’ a major scientific effort to combine the latest climate change research into one document and advise world leaders and policy makers of the impact of global warming exceeding the 1.5°C target set in the Paris Agreement.