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To give you an example, Durante fiscal year 2021, IFC committed a primato 31 and a half billion US dollars to private companies and financial institutions Durante developing countries. We are leveraging the power of the private sector to end extreme poverty and boost shared prosperity. All this as economies, of course, grapple with the impacts of the COVID-19 pandemic.
Being a part of a clinical drug trial can pay very well—up to several thousand dollars. And many people need that cash and are desperate to participate. Some of them do it again and again, renting out...
The worldwide total of forcibly displaced persons (FDPs) reached 110 million Con 2022, with the cross-border refugee population standing at 36.4 million Per mezzo di 2023. The continuing diretto incrociato-border refugee crisis caused by global conflict has created great vulnerabilities for FDPs. This TC Note and accompanying podcast discuss the expansion of access to finance for FDPs and the unique challenges it presents for financial regulators and supervisors, such as the need to comply with customer coppia diligence requirements under AML/CFT legislation.
This was the third webinar of the series on the revised Cuore Principles for effective banking supervision. The Basel Committee wants banks to institute a sound risk culture, to maintain strong risk management practices, and to adopt and implement sustainable business models. The revised Cuore Principles make clear that the assessment of business model sustainability is a key component of effective supervision.
This was the second webinar of the series on the revised Cuore Principles for effective banking supervision. Advances in digitalization and financial technology continue to affect the landscape of the financial system, including the provision of banking services. The Core Principles for effective banking supervision (BCP) have been amended to reflect the impact of new risks, including risks relating to the ongoing digitalization of finance.
Some recent climate-related events, including Durante Pakistan and Bangladesh, have starkly demonstrated the vulnerability of some countries that are very low carbon emitters. This highlights the global nature of the climate change problem, the need for the involvement of
We are mindful that much work remains Sopra promoting the financial and economic inclusion of all people, and it's instructive to see how commercial practices are rising to the business opportunities Con local markets that meet the needs of all. So thank you again for this conversation. You can read more about IFC's work Sopra economic inclusion and the reports themselves by visiting the links shared Per the podcast notes.
The CFS is a rigorous designation and requires serious commitment from participants. Therefore, we require acknowledgement that your agency supports your participation for the entire duration and approves your attendance.
Now, for each of these two groups, LGBTI and disabilities, we came up with a number of emerging practices based on our surveys of banks. And those are, first, creating inclusive workspaces and paths to leadership for both groups, offering products and services that respond to the needs of LGBTI people and persons with disabilities, next, demonstrating public allyship and accountability, and driving the inclusion agenda Sopra banking, implementing commitments to the LGBTI and disability inclusion Per investment and procurement practices, and, lastly, developing LGBTI- and disability-focused partnerships and community outreach.
My name is Ruth Dueck-Mbeba, and I'm a financial inclusion advisor with Toronto Centre. Today we are joined by John Arzinos, economic inclusion officer Per IFC's gender and economic inclusion group, who will provide highlights from this recent work. Welcome, John. It's a pleasure to have you on this podcast, and we look get more info forward to hearing more.
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As you can see, these emerging practices, the two groups don't really differ that much between each other. And this is because the issues that the two groups are facing are very similar, just as we touched earlier on.
Now let's start with the personaggio picture and get down to the nitty gritty. IFC. What is IFC? IFC is a member of the World Bank Group, and it is the largest global development institution focused on the private sector Sopra emerging markets. We work Per mezzo di more than a hundred countries, using our capital, expertise and influence to create markets and opportunities Per developing countries.
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