Amid the pomp and pageantry of Moscow's May 9 Victory Day parade, the attendance of some post-Soviet Central Asian Republics presidents was not only about the past joint sacrifices.
MoA - May 2006 moonofalabama.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moonofalabama.org Daily Mail and Mail on Sunday newspapers.
Hana Bank s W200 bil. coal investment in Indonesia violates IFC s green principles
By Lee Kyung-min
Hana Financial Group is coming under mounting criticism for making a hefty investment in coal power plants in Indonesia, financed by its flagship affiliate, Hana Bank. Hana is the only one among Korea s top five financial groups that has yet to renounce investing in fossil fuels.
According to Solutions for Our Climate, a Seoul-based climate change advocacy group, Recourse, its Amsterdam-based non-profit peer organization (NGO), filed a petition with International Financial Corp. (IFC), claiming the Korean lender violated the Green Equity Approach (GEA), a key IFC principle of green investments. The GEA calls for financial services firms to outline a low-carbon initiative in return for IFC investments, with the long-term goal of reducing coal-related assets to zero by 2030.
World Bank Outlines Steps for Egypt to Boost Private Investment
Mirette Magdy, Bloomberg News
(Bloomberg) The World Bank Group urged Egypt to introduce more transparency about the stateâs economic activity, a step it said would encourage much-sought private investment.
A sweeping reform program that began in late 2016 has boosted macroeconomic performance and ârestored confidence in the economy,â but the moves âhave yet to trigger a marked and sustained increase in non-extractive private investment and exports,â the World Bank and International Financial Corp. said Monday in a joint report.
In recent weeks, the Arab worldâs most populous country has announced an initiative to offer up to full ownership in as many as 10 army-held companies as it seeks to attract more private investment. Authorities plan to increase the private sectorâs contribution to the economy to about 60% by June 2024 from close to half now, Planning Minster Hala El-Saeed t