Who will finance the South’s next transition?


The real issue is whether Hong Kong (pic) and Singapore have the right set of financial institutions to intermediate the supply and demand for funding of the structural transformation of the global South. — AFP

THE global financial system is in a real bind, because interest rates may be peaking, global debts are at record highs, and geopolitical and climate disaster risks are at looming.

The United Nations have been complaining that the funding gap for meeting their 2030 Sustainable Development Goals (SDG) is around US$4 trillion per year, or roughly around 4% of world gross domestic product (GDP).

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Insight

Alibaba bets on Taobao, Tmall clothing merchants to compete overseas against Shein, Temu
Lessons from a global information technology outage
Five scenarios that may happen from Trump 2.0
SoftBank’s chief pitches a new path for self-driving cars
This Gen Z startup raised US$41.5mil as the ‘anti-Facebook’
Mark Zuckerberg’s metaverse adventure may finally be running out of cash
Management of public funds requires a rethink
Financial strategies to counter weakening ringgit
Amazon is sitting on a Gen-Z goldmine that could be worth US$46bil
Tim Cook gifted Donald Trump a US$6,000 Mac Pro after he lowered tariffs on parts Apple needed from China

Others Also Read