One of the priorities of the Asian Infrastructure Investment Bank (AIIB), which held its third annual meeting in Mumbai earlier this week, is to mobilise more private capital for infrastructure and support sustainable projects
Rasha Omar, agricultural economist and Country Representative, Asia and the Pacific Division, International Fund for Agriculture Development, attended the Think20 Meeting in Mumbai. In an interview, she offers some prescriptions on how to reduce rural poverty in India
Courtesy: Gateway House
In Gretchen Morgenson's interview she discusses the implications on the American stock market of the repeal of the Dodd-Frank financial regulations and the possibility of a reduction in corporate taxes. She argues that although Trump has proposed several changes to financial regulations and the American tax regime, he may be unable to implement these measures. She then illustrates the impact of the lack of accountability of the government on the psyche of the American consumer, which would, by default, affect the economy. She emphasizes on the impact, that Trump being a real estate business man, will have on his negotiating methods, and in turn will have on investors.
Courtesy: Gateway House
In Monica Bhatia's interview, she discusses the changes in the global financial sector in the wake of the Panama papers and the HSBC files, mainly the increase in transparency between banks and governments. She highlights her belief in the Automatic Global Tax Information Sharing Network in countering tax evasion and the success of the methods that governments have already undertaken to enable voluntary disclosures. Lastly, she illustrates the measures under the BEPS system on tax compliance.
Courtesy: Gateway House
In Dr. Stormy Mildner's interview she highlights the high levels of benefits accrued to countries due to trade. She mentions methods that can further increase these advantages. Her perception of trade is that it involves not just the mobility of goods but also of services. She describes measures taken by the B20 such as the Business Mobility Card that will facilitate labour mobility. She ends with the founding principles, objectives and goals of the B20 and the legacy the German Presidency would like to leave behind when its term ends, namely, sustainability, inclusiveness and a future oriented approach to growth.
Courtesy: Gateway House
In his interview, Dr. Peter Wolff discusses the pillars and objectives of Germany's Marshall Plan for Africa and the need to integrate it into the global value chain. In the sphere of renewable energy, he argues that the most effective way of establishing a solid renewable sector is through market based strategies rather than government based ones. Although in some industries public private partnerships are the best measure, in others a more corporate lead approach is better.
Courtesy: Gateway House
In this interview Anastasia Likhacheva discusses the impact and a few of the positive externalities of the oil price drop, sanctions and counter sanctions on the Russian economy. Despite Trump’s obvious warmth towards Russia, she doesn’t foresee any major agreements signed between the two countries due to the roadblocks that can be placed by the U.S. Congress and the U.S. Senate. She further describes the role she sees Russia undertaking in Asian financial institutions like the NDB and the AIIB in the future.
China will be hosting the G20 Summit in Hangzhou on the 4-5 September 2016. Huang Wei, Director of Research, Department of Global Governance, IWEP-CASS, gave an interview on the sidelines of T20 Mumbai where she discussed how structural reforms can add energy to the world economy and help stabilise financial markets.
Anoop Singh, Distinguished Fellow, Geoeconomics Studies at Gateway House talks about the recent Global Financial Stability report of the IMF, and how it's warning hints at a growing need for a global central bank, which the IMF is perfectly placed to be.
Gateway House interviewed Jabin Jacob, assistant director and fellow at the Institute for China Studies, New Delhi, on the relationship between China and Pakistan, the China-Pakistan Economic Corridor(CPEC) as well as the China's one belt-one road initiative.
