Right chart - WDI Cabo Verde’s poverty reduction achievements are grounded in political stability and strong institutions as well as an open economy that has been driven by exponential growth of the tourism sector exploiting the country’s natural beauty.
However, Bhutan needs to do a better job at diversifying its economy by improving its physical and human capital by using resource rents from hydropower.
2018: A year of influence, impact and cooperation on global issues through social media In 2018, the themes of climate change, disruptive technology, and human capital were not only priorities for the World Bank Group, but for governments, private companies, and international organizations of all kinds.
That bond is the most recent in a series of innovations in the fixed income market that raise funding from the capital markets dedicated to a defined social purpose, with issuers engaging with investors around purpose and offering more transparency on the financing.
And the biggest “sink cost”, of course, is climate change: “Sink costs are also rising; economies have used up the capacity of planetary ecosystems to handle the waste generated by energy and material use.
Countries must decide the rules that will govern the Paris climate agreement, and without this “negotiating text” the UN climate change conference held in Poland at the end of the year will have no basis.