In 2015, countries around the world adopted a set of goals to end poverty, protect the planet, and ensure prosperity for all as part of a new sustainable development agenda. Formulated on the principle that no one gets left behind, the Sustainable Development Goals (SDGs) has defined the world’s priorities and aspirations for 2030.
But to mobilize these efforts, we need to effectively uplift groups at the bottom where poverty plays a main obstacle. Although poverty levels have fallen dramatically since 2000, there are still 783 million people living below the international poverty line of $1.90 a day. We may need more creative and effective solutions to end poverty. In the recent 4th Annual Symposium on Islamic Finance in Kuala Lumpur, we discussed how Islamic social finance might just be the key to alleviating poverty and hunger.
Mengembangkan sebuah usaha bukanlah sesuatu yang mudah. Terlebih bagi perempuan yang memiliki suatu usaha, ini merupakan tantangan yang besar, khususnya ketika kondisi mereka miskin dan usahanya hanya cukup memenuhi kebutuhan sehari-hari. Di negara-negara berkembang, 22 persen perempuan tidak melanjutkan usaha mereka karena tidak adanya dana. Menurut Global Entrepreneurship Monitor, perempuan lebih rentan dibandingkan pria menutup usahanya disebabkan masalah keuangan. Sementara itu, simpanan pribadi merupakan sumber yang penting dalam pendanaan usaha, dan hampir 95 persen pelaku usaha menyatakan bahwa mereka menggunakan dana pribadi untuk memulai atau mengembangkan usaha mereka. Akan tetapi, perempuan menghadapi kendala tersendiri dalam menyisihkan tabungan mereka untuk diinvestasikan guna mengembangkan usaha mereka.
Với các nhà đầu tư đang tìm kiếm cơ hội ở Việt Nam, Đồng Tháp chưa hẳn là địa phương đầu tiên họ nghĩ đến. Nằm sâu ở miền Tây Nam Bộ, Đồng Tháp được coi là vùng xa - để lái xe từ sân bay gần nhất đến đó cũng phải mất ba tiếng. Cơ sở hạ tầng giao thông tương đối kém, mà mới gần đây vẫn còn phức tạp do không đủ cầu bắc qua dòng Cửu Long. Đây là địa phương nổi tiếng vì thủ tục hải quan chậm trễ, có thể gây gián đoạn chuỗi cung ứng.
Malaysia wants the digital economy to play a central role in the next chapter of the country’s development—that much is clear. However, what may be less clear is why taxation should be part of the policy mix that will help deliver the country’s digital economy ambitions. This is important because taxes raise the cost of doing business rather than reducing it.
It is an unfortunate but fact of life that Indonesia often deals with the impacts of natural disasters. It was sadly evident again this week when I arrived in Jakarta to the unfolding disaster caused by the earthquake in Lombok, West Nusa Tenggara. My condolences go out to the families and friends of those who lost their lives.
While scientists are reluctant to say a specific natural disaster is caused by climate change, they say a changing climate is resulting in more extreme events around the world. That’s why at International Finance Corporation (IFC), the largest global organization working with the private sector in emerging markets, finding new avenues for climate financing is a key priority.
Green bonds offer a pathway. The world is witnessing a rapid growth in green bonds, dramatically increasing the flow of capital to green projects and bringing new financiers into the climate smart investment space.
Islamic finance has the potential to play a crucial role in supporting the implementation of the Sustainable Development Goals (SDGs). In the face of significant financing needs for the SDGs, Islamic finance has untapped potential as a substantial and non-traditional source of financing for the SDGs.
The growth of Islamic finance has been rapid at 10-12% annually over the past two decades. By 2015, the industry had surpassed US$1.88 trillion in size. Islamic finance has emerged as an effective tool for financing development worldwide, including in non-Muslim countries, and may prove to be an important contributor towards realizing the SDGs.
The Third Annual Symposium on Islamic Finance was held in Kuala Lumpur in November 2017, co-organized by the World Bank Group, Islamic Development Bank, International Center for Education in Islamic Finance (INCEIF) and Guidance Financial Group to explore the potential contributions that Islamic Finance can make to achieving the SDGs.