Responsible finance. It is the view that businesses can create value by pursuing projects that make progress toward socially beneficial ends. This makes sense at Citi, where “progress makers” are encouraged to marry “doing well” with “doing good,” recognizing that projects can both be financially prudent and further social gain.
Lowering the cost of actively managed funds is an important step in improving the odds of outperformance.
Africa is vast. It is varied. When it comes to the region’s development, a host of differing narratives shape the story around its economic progress.
Detroit’s economic decay has been closely watched. It’s a gripping narrative. The city stood for decades as a pillar of industry, harnessing the skilled, creative labor of its locals into a uniquely American manufacturing powerhouse that stood as the “arsenal of democracy” in World War II. Though its fall mirrored the rest of the rust belt, its decline was particularly hard-felt—the Great Recession and decades of waning industrial capacity left the city in near ruin.
Detroit’s economic decay has been closely watched. It’s a gripping narrative. The city stood for decades as a pillar of industry, harnessing the skilled, creative labor of its locals into a uniquely American manufacturing powerhouse that stood as the “arsenal of democracy” in World War II. Though its fall mirrored the rest of the rust belt, its decline was particularly hard-felt—the Great Recession and decades of waning industrial capacity left the city in near ruin.
The pace of monumental-scale infrastructure construction projects is on the rise worldwide, with current annual global infrastructure demand pegged at $4 trillion, according to the World Economic Forum. Occurring in both developed and emerging markets, these mega-projects have become multinational undertakings whose success often hinges on numerous companies and governments operating in concert, frequently in the face of political, legal and cultural divides among the participants.
