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Presented to G20 Finance Ministers and Central Bank Governors in September 2015, this report examines the investment regulations of insurance companies and pension funds, and in particular quantitative investment limits on portfolio allocations.
Addis Ababa - Part of the 3rd International Conference on Financing for Development, this event explored strategies to leverage Africa’s pension funds and other sources of private financing to develop Africa’s infrastructure. Ways to improve the investment climate in Africa using the recently updated Policy Framework for Investment were also be addressed.
In 2009, Zambian economist Dambisa Moyo published her book, “Dead Aid”, which shocked much of the international development community by claiming that ‘traditional’ systems of official development assistance (ODA) to Africa were not delivering, and arguing why we must find alternatives. This article looks at where we are at today.
Climate change is giving rise to diverse risks, ranging from changing incidences of tropical diseases to increased risks of drought, varying widely in their potential severity, frequency and predictability. Governments must integrate the management of these climate risks into policy making if they are to successfully adapt to a changing climate. Economic analysis has a vital role to play in supporting these efforts, by identifying costs and benefits and supporting decision-making for an uncertain future. However, this analysis needs to be adapted to the institutions, policies and climate risks in a given country. Building on the experience of OECD countries, this report sets out how the latest economic evidence and tools can enable better policy making for adaptation.
This new Outlook on finance and investment presents unique data, analysis and instruments, looking at what might affect and change, both favourably and unfavourably, tomorrow's world of business, finance and investment. Investment (including foreign direct investment), SME financing, pensions, insurance, corporate governance and competition are among the threads creating the narrative of today's environment and future expectations.
In a sense, today’s ‘newborn’ Business and Finance Outlook is the twin sister of the Economic Outlook. It delves deeper into what we are calling the ‘global investment puzzle’, namely: at a time of easy money, why is there so little productive investment by firms in advanced countries? And why do firms see so much risk while financial investors seem oblivious to the build-up of risks in the financial system?
The current low interest rate environment poses a significant risk for the long-term financial viability of pension funds and insurance companies, as they seek to generate sufficient returns to meet promises, according to a new OECD report.
With the world economy stuck in a low growth equilibrium, this is an opportune time to push responsibility to the forefront of our economies, to help put us on the path to stronger, greener and more inclusive growth.
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This report examines the potential impact of an environment of protracted low interest rates on pension systems and life insurance companies. It describes the mechanisms through which prolonged low interest rates can affect the solvency position of these institutions and uses available data to assess potential impacts.
Finance is a vital ingredient of economic growth, but there can be too much of it. Over the past 50 years, credit by banks and other institutions to households and businesses has grown three times as fast as economic activity. At these levels, further expansion is likely to slow long-term growth and raise inequality.