The sheer volume of financial resources flowing into and out of developing countries has exploded over the last two decades. To keep pace, international banking and financial standards have matured, requiring more sophistication in institutions that oversee economic systems. This month, I sat down with Andrew Spindler, President and Chief Executive Officer of Financial Services Volunteer Corps, to talk about the evolution of frontier markets in recent years. From combating corruption and money laundering to mobilizing domestic resources, Andrew shares insights about the major factors and trends that are shaping development finance in increasingly interdependent global markets.
Tagged: development finance
In just four months, the COVID-19 pandemic has taken a dramatic toll on economies and institutions around the world, and the number of new cases, economic dislocation and deaths continues to mount. Decades of progress raising living standards and reducing extreme poverty could be replaced by increasing food insecurity, conflict and forced migration.