The document is a speech given by Princess Máxima of the Netherlands at FMO's 40th anniversary conference. Some key points:
- FMO has worked to finance development in developing economies for 40 years through economic crises and recessions.
- Inclusive finance is an important enabler of development by providing individuals and businesses access to financial services. This allows people to generate income, build assets, and invest in opportunities.
- FMO supports inclusive finance through programs like MASSIF, a public-private fund that provides local currency financing to local banks serving micro, small and medium enterprises in developing countries.
- Moving forward, FMO can play a key role in pil
Moving people from place to place is key issue when it comes to transit. The Federal Government has planned significant investments in transit as part of supporting alternative ways to get people from place to place
This presentation looks at the need for the advertising and digital industry to move away from Macro customer engagement to a focus on Micro customer engagement.
Moving people from place to place is key issue when it comes to transit. The Federal Government has planned significant investments in transit as part of supporting alternative ways to get people from place to place
This presentation looks at the need for the advertising and digital industry to move away from Macro customer engagement to a focus on Micro customer engagement.
Ahead of the marcus evans Private Wealth Management Summit 2020, John Molina discusses sectors that can provide investors socially valuable assets without compromising their ROI
Transform Global - A model for a private world banksassbo
Transform Global (TG), previously Transform Capital Management, is a model for a private world bank, also known as a global impact investment bank, investing into funds which have a social, environmental and financial return. TG aims to address critical market failures caused by our current financial system, while tackling the environmental and social symptoms that are a by-product of the system.
Jean-Claude Bastos de Morais shares his views on African innovation and the developments in the region's VC and banking sector in a recent interview with Banker Africa, a publication of CPI Financial. Read the full interview here.
Ahead of the marcus evans Private Wealth Management Summit 2020, John Molina discusses sectors that can provide investors socially valuable assets without compromising their ROI
Transform Global - A model for a private world banksassbo
Transform Global (TG), previously Transform Capital Management, is a model for a private world bank, also known as a global impact investment bank, investing into funds which have a social, environmental and financial return. TG aims to address critical market failures caused by our current financial system, while tackling the environmental and social symptoms that are a by-product of the system.
Jean-Claude Bastos de Morais shares his views on African innovation and the developments in the region's VC and banking sector in a recent interview with Banker Africa, a publication of CPI Financial. Read the full interview here.
Ynzo van Zanten, a keynote speaker at the marcus evans EuroPack Summit 2020, discusses how businesses can contribute to society in the current Covid-19 pandemic.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Unsgsa fmos 40th anniversary conference be social make profit financing the future of developing economies
1. FMO'S 40TH ANNIVERSARY CONFERENCE: 'BE SOCIAL, MAKE
PROFIT: FINANCING THE FUTURE OF DEVELOPING
ECONOMIES'
20 Apr 2010
Your Excellencies, Mr. Kleiterp, Ladies and gentlemen, I am so glad to be speaking to all of you today on such a
wonderful occasion: the 40th Anniversary of the Nederlandse Financierings-Maatschappij voor
Ontwikkelingslanden, or like everybody knows it: FMO. My sincere congratulations to you, Mr. Nanno Kleiterp,
CEO of FMO; to your colleagues of the Management Board; and of course to the whole staff of this fine
institution.
You might ask yourself what is a member of the Royal House doing here? Well, the bond between FMO and the
Royal Family dates back many years. As some of you still might remember, my late father-in-law - His Royal
Highness Prince Claus, opened FMO's former offices in 1993 and I had the pleasure and honour to open its
present offices ten years later. We both performed the opening ceremony by setting in motion a marble globe
sustained by water.
But the relationship did not limit itself to opening buildings, which my father-in-law would jokingly call "our core
business". In fact, Prince Claus was engaged with FMO in various ways. FMO often gave him valuable advice
and input. And it is funny how history tends to repeat itself, because in my capacity as the UN
Secretary-General's Special Advocate for Inclusive Finance for Development, it is now my pleasure to be able to
work closely with FMO. So I guess a thank you for the time I have worked with you, would also be very
appropriate.
40 years is a respectable age. Certainly for a development bank that had to deal with various economic crises
during its existence - from the oil crisis in the seventies to the Asian and Russian crises in the late nineties, as
well as several Argentinean crises. And since 2008, the world economy has challenged us once again. But all of
this, ladies and gentlemen, makes FMO's work more relevant than ever. Like the water that keeps the marble
globe in motion, FMO's financial activities keep local initiatives alive - initiatives that foster businesses, feed the
economy and help development.
'On ne développe pas, on se développe,' was Prince Claus' favourite quote from his friend Joseph Ki Zerbo.
Helping people to develop themselves: that's exactly what FMO does. And that's exactly what so many people in
developing countries desire.
Earlier this month, a farmer in the north of Rwanda told me about his life since he had access to financial
services. As a result of several microloans, he now owns four cows, a fine house and was even able to send one
of his sons to medicine school in Kigali. When I asked him, "is there anything else that you would like to have?"
He replied with huge proud eyes 'I don't want anything from anybody, I just want you to believe in me.'
Poor people are worth investing in; and this, underlines the importance of inclusive finance. Let me share the
definition of financial inclusion. It means universal access, to a wide range of financial services, provided by a
diversity of sound and sustainable institutions. This agenda is obviously much broader than microcredit alone.
First, it includes savings accounts, loans, insurance, payment services, pension plans and remittance facilities
that can help people generate income, build assets, manage cash-flow, invest in opportunities and protect
themselves from unexpected setbacks.
Second, it also includes financing not only the micro-entrepreneur, but also small and medium sized enterprises,
the real job creators.
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2. Ladies and gentlemen,
We must always remember that inclusive finance is a means to an end and not an end in itself. But it is still a very
powerful enabler of development, and works both directly and indirectly. Directly, through impact on individual
households, and indirectly in many ways.
To begin with, finance programmes can reach far beyond the limits of scarce donor resources. Not only can they
unleash domestic capital in the form of savings, they can also have a multiplier effect on donor resources and
foster innovation.
What is more, research shows that there is a connection between a large shadow economy on the one hand, and
weak states on the other. Banking the unbanked can help to solve the problem of informality and, by extension,
can strengthen governance.
And finally, inclusive finance can help us to reach environmental sustainability. Many people, as you know, have
no access to electricity, water, drinking water or fuel to cook with. For example, building alternative energy
systems is a huge challenge, but it is also a huge opportunity. Financial products can play an important role here,
too.
In Rwanda again, I visited farmers who with small loans had bought small installations to turn cow dung into
biogas. They use the biogas for electricity and cooking. As a result, there are fewer fumes in the house, less
deforestation and less soil degradation. Also, the women no longer spend hours collecting wood. And the waste
is a better fertilizer than the dung itself, further improving crop yields. FMO played an important role in financing
this project, in cooperation with NGOs and a local bank.
As a Special Advocate for Inclusive Finance for Development, I constantly seek best practices and policies like
these. In my opinion it is crucial to acknowledge the importance of mixing private and public money to achieve a
multiplier effect.
Like MASSIF,[1] another great FMO example of public-private partnership. This 300 million euro
government-financed local currency fund is active in about 50 countries worldwide. Its 120 clients are local
financial institutions that serve micro, small and medium-sized enterprises. These financial institutions have
limited or no access to medium and long term finance, let alone local currency financing. Altogether, MASSIF
serves 14 million borrowers and 17 million depositors.
Remarkable is the fact that in many cases MASSIF bears the currency risk. By doing so, neither the clients of
MASSIF - the local financial institutions - nor the final beneficiaries - the micro, small and medium-sized
enterprises - face foreign currency risk. This would be too risky for development banks or commercial banks
alone. It can only be borne together with the public sector.
And, importantly, the fund operates in a sustainable manner. It has remained stable for years and has even
managed to make some profits along the way. In my view, this type of public-private mechanism deserves to be
duplicated or taken to a European level.
Let me now leave you with some final thoughts. In the years to come, I see two major challenges.
Firstly, it is necessary to have pilots that will test innovative partnerships between financial services providers and
any other service provider. An important part of making pilots replicable and scalable is to collect good data on
both demand and supply of the financial services, and to analyze impact.
Secondly, we need to scale up the pilots and make them sustainable, so that we can serve as many people as
possible and at the most affordable price. In my view, FMO has a key role in both financing pilots and making
them sustainable business models. Not only by providing money, but also with the provision of expertise,
capacity and enabling innovative partnerships to flourish.
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3. Of course, being sustainable means also seeking profits. And in itself profits are not bad, as long as we win, and
they win too. So let us make sure, that whenever we build up these sustainable models, that the mechanisms are
in place so that this win-win really does take place. Are there consumer protection measures in place? Are these
likely to be implemented in weaker states? Are the prices properly disclosed? Are the prices fair and who
determines that? Should there be a policing body, or will just naming and shaming do the job? Are we providing
products that the people really need and can afford? Are we measuring the impact of our products? Do we
measure the impact on the environment?
I am aware that this is not a simple black and white discussion, but it is an extremely important one. I believe that
investors have a task in influencing their clients to build these checks and balances in their business models.
Therefore I do urge you to include them in today's conversation on "Be social, make profit". Because at the end of
the day, profits themselves will not be sustainable if the underlying product is not improving people's lives.
I thank you very much for your attention and I wish you a very fruitful discussion.
[1] MASSIF: Micro and Small Enterprise Fund.
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