Touchpoint March 2020 Issue

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March 2020

Climate change knows no borders. It will not stop before the Pacific islands and the whole of the international community here has to shoulder a responsibility to bring about a sustainable development. – Angela Merkel

GLOBAL/REGIONAL

The 2020 Climate Challenge for Development Banks: Aligning with the Paris Agreement

Public development banks such as the Caisse des Dépôts and Agence Française de Développement in France, KfW in Germany, the African Development Bank, the European Investment Bank and the World Bank are actively involved in financing the development – and often the ‘transformation’ – of national economies in line with government policy objectives.

Source: Institute for Climate Economics (I4CE)

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ADB, European Union, and ASEAN Countries Partner to Boost Green Infrastructure

ADB, European Union, and ASEAN Countries Partner to Boost Green Infrastructure BRUSSELS, BELGIUM (10 February 2020) — The European Union (EU) announced today it is preparing to support the Association of Southeast Asian Nations’ (ASEAN) Catalytic Green Finance Facility (ACGF)

 Source: Development Aid

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Youth Exclusion from Jobs and Training on the Rise: ILO report

10 March 2020 – The number of young people currently not in employment, education or training (NEET) is rising, and young women are more than twice as likely as their male counterparts to be affected, according to a new International Labour Organization (ILO) report.

Source: Development Aid

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MEMBER NEWS

SME Bank Malaysia, SME Bank Thailand, Export-Import Bank of Thailand & EXIM Bank Malaysia Collaborate to Boost Economic Activities

KUALA LUMPUR, 18 February 2020 – Malaysia and Thailand continue to strengthen bilateral cooperation in enhancing economic activities between the two countries through the signing of a Memorandum of Understanding (MOU).

Source: SME Bank Malaysia Berhad

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CGC Participates in 2020 Economic Stimulus Package

KELANA JAYA, 27 February 2020 – Credit Guarantee Corporation Malaysia Berhad (CGC) is participating in Bank Negara Malaysia’s (BNM) RM2.0 billion Special Relief Facility (SRF) for Small and Medium Enterprises (SMEs) under the Government’s 2020 Economic Stimulus Package.

Source: Credit Guarantee Corporation Malaysia Berhad

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JBIC signs JPY 12 B guarantee for JAL aircraft acquisition

February 28, 2020 – The Japan Bank for International Cooperation (JBIC, Governor: MAEDA Tadashi) signed today a guarantee agreement (total principal covered by guarantee: JPY12.0 billion) with private financial institutions for the principal and interest of their loans to Japan Airlines Co., Ltd. (JAL).

Source: Japan Bank for International Cooperation

ICD to advance Africa’s Economic Transformation via MoU Signing

Addis Ababa 10 Feb 2020 – During the 33rd Ordinary Session of the African Union Head of States Summit, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD).

Source: Islamic Corporation for the Development of the Private Sector

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EXECUTIVE MOVES

BSN Welcomes New Chairman

Kuala Lumpur, 3 February 2020 – Bank Simpanan Nasional (BSN) has announced the appointment of Rossana Annizah Rashidi as its Chairman, effective 1 February 2020. “We are delighted to welcome Puan Rossana as our Chairman. Rossana is no stranger to the Banking and Telecommunications industry, as she previously served in various senior management roles with RHB Bank Berhad, TIME dotCom Berhad and Maxis Berhad after beginning her banking career with Citibank Malaysia,” said Datuk Yunos Abd Ghani, BSN’s Chief Executive.

Source: BSN

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ADB’s New Country Director for Sri Lanka Assumes Office

COLOMBO, SRI LANKA (25 February 2020) — The Asian Development Bank’s (ADB) new Country Director for Sri Lanka, Chen Chen, assumed office in Colombo on 24 February 2020. Mr. Chen succeeds Sri Widowati who retired from ADB in September 2019.

Source: ADB

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Tim Armbruster becomes KfW’s New Treasurer

Tim Armbruster joins KfW on March 1, 2020 and becomes Treasurer of KfW Bankengruppe on May 1, 2020. He takes over from Dr. Frank Czichowski, who will retire after more than 30 years at KfW.Mr. Armbruster brings with him around 20 years of experience, which he acquired in various treasury functions at Eurohypo AG, Commerzbank AG and Deutsche Pfandbriefbank AG as well as treasurer of the FMS Wertmanagement Group and Aareal Bank AG.

Source: KfW

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OPINIONS / INSIGHTS

How reducing inequality will make our cities safer

Urban violence is predictable; it concentrates in specific places, among certain people and at very particular times. This means violence is hyperlocal, concentrated in “hot spot” neighbourhoods and blocks. Inequality, whether in terms of income, wealth or welfare and endowments, is a strong determinant of everything from social cohesion and social mobility to life expectancy.

Source: World Bank Blogs

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Supporting “small” for large gains in agricultural transformation

By 2050, the planet will need to produce nearly 70% more food than it did in 2009. Labor costs have been rising and are expected to increase by 6.6% in 2019 to about $31 billion in the United States while high-powered tractors cost in the upper $200,000 range, on average.

Source: World Bank Blogs

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Demographics and Destiny

Changes in the size and structure of a nation’s population affect how we work, age, and live. In many advanced and emerging market economies, a shrinking pool of working-age people will have to support a growing number of retirees. Other countries—in Africa and elsewhere—will need to generate a staggering number of new jobs just to keep pace with the youth joining the job market.

Source: IMF Blogs

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The Declining Fortunes of the Young

Will I do as well as my parents? A positive answer to this question once seemed a foregone conclusion; now, for recent generations, less so. Despite being more educated than their parents, millennials—those born between 1980 and 2000—may have less job stability during their working life.

Source: IMF Blogs

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ANNOUNCEMENTS

JOB POST: Development Bank of Mongolia invites application for the position of Deputy CEO and Head of Project Financing and Credit Department.

The position is open to both Mongolian and foreign nationals. Eligible foreign nationals shall submit documents of equivalent status from his/her country.

Source: Development Bank of Mongolia

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ADFIAP MEMBERSHIP RENEWAL

Gentle reminder for those who have yet to settle their annual membership dues, please be reminded to do so. For inquiries, please get in touch with Mr Enrique Florencio at email inquiries@adfiap.org

SUSTAINABILITY CORNER

Supermarket Herb Gardens: Less Waste, Better Taste

Dutch supermarket chain Albert Heijn introduced in-store herb gardens in 2017, to combat waste and give customers the freshest possible produce. The initiative was developed in collaboration with design agency, studiomfd.

Source: Jaskarn.dhatt/Wikimedia Commons

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AirCarbon: A Sustainable Plastic For the Future

AirCarbon was developed by Newlight Technologies, and has already won many awards for its innovative sustainability. It’s made from carbon emissions that would otherwise be released into the air, and can have a multitude of uses.

Source: Pixabay

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