NEW YORK – Financial markets serve two crucial purposes: to channel savings toward productive investments, and to enable individuals and businesses to manage risks through diversification and insurance. As a result, the sector is essential to sustainable development, which represents unprecedented global-scale investment opportunities and risk-management challenges.
That is why, when world leaders meet this July in Addis Ababa, Ethiopia, at the Conference on Financing for Development, the financial industry should be ready to offer practical, global solutions to the challenges associated with financing economic growth, poverty reduction, and environmental sustainability.
Read the full article at Project Syndicate
Related Articles:
- How China is catching up to the US
- Trump’s Policies Will Displace the Dollar
- Kofi Annan protected us from our worst instincts
- Q&A: Economist Jeffrey Sachs on jumpstarting lagging SDG progress
- The Sustainable Development Goals are slipping out of reach
