4 Min Read
BARCELONA (Thomson Reuters Foundation) - The United States will produce a plan to end international financing for fossil fuel projects, its special climate envoy John Kerry said Wednesday, as senior British and U.N. officials urged donor nations to meet a flagship climate finance promise.
Speaking at an online panel organised by the World Economic Forum, Kerry said the new administration of U.S. President Joe Biden would draft a plan for U.S. climate finance, without giving further details.
He noted the United States had spent $265 billion cleaning up three major hurricanes that hit the country in 2017, while another storm in 2020 racked up a bill of $55 billion.
By Reuters Staff
3 Min Read
JAKARTA (Reuters) - Indonesia has received investment commitments of up to $10 billion from global firms for its ambitious sovereign wealth fund, a senior minister said on Tuesday, ahead of its launch expected this year.
The Indonesia Investment Authority (INA) aims to attract foreign funds as co-investors, unlike other sovereign wealth funds set up by more developed countries to manage oil revenues or foreign exchange reserves.
Airlangga Hartarto, Indonesia’s chief economic minister, told a business forum the INA had been promoted among more than 50 global investors and more commitments had been secured.
With a target of managing $20 billion, the INA will be seeded by Indonesia’s government with $5 billion in cash and other assets.
Garrett Marquis Joins AF Capital Advisory Council Mr. Marquis will provide strategic counsel to AF Capital and its clients as they expand operations and enter new market
Share Article
AF Capital announced today that Garrett Marquis has joined the company’s Advisory Council. Based in in the United States, Mr. Marquis will work with senior leadership to develop and enhance relationships across the global spectrum of available capital. AF Capital has successfully secured billions (USD) in funding for clients through development finance institutions (DFI’s) and export credit agencies (ECAs). WASHINGTON (PRWEB) January 26, 2021 AF Capital announced today that Garrett Marquis has joined the company’s Advisory Council. Based in in the United States, Mr. Marquis will work with senior leadership to develop and enhance relationships across the global spectrum of available capital. AF Capital has successfully secured
Kazakhstan is working toward a more diversified economy.
By
January 26, 2021
Advertisement
The governments of Kazakhstan, Uzbekistan, and the United States have launched the Central Asia Investment Partnership under the umbrella of the C5+1 format, in order to promote private-sector growth and strengthen regional economic cooperation. The new initiative comes at a time when Kazakhstan is looking to diversify its economy to deal with the effects of the coronavirus pandemic and achieve its long-term goal of becoming one of the most developed nations by 2050.
The partnership, launched on January 7, is “designed to raise at least $1 billion over the next five years to support private-sector growth” according to a joint statement by the three governments, in order to advance private sector-led projects that “exemplify international standards for quality infrastructure and promote inclusive, transparent, and sustainable investments.”
Indonesia says new sovereign wealth fund attracts $10b commitment Reuters, Jakarta Reuters, Jakarta
Indonesia has received investment commitments of up to $10 billion from global firms for its ambitious sovereign wealth fund, a senior minister said on Tuesday, ahead of its launch expected this year.
The Indonesia Investment Authority (INA) aims to attract foreign funds as co-investors, unlike other sovereign wealth funds set up by more developed countries to manage oil revenues or foreign exchange reserves.
Airlangga Hartarto, Indonesia s chief economic minister, told a business forum the INA had been promoted among more than 50 global investors and more commitments had been secured.