Forum AE Katowice

Pełna wersja: Manufacturing growth was also positive
Aktualnie przeglądasz uproszczoną wersję forum. Kliknij tutaj, by zobaczyć wersję z pełnym formatowaniem.
"
NEW YORK Dansby Swanson Youth Jersey , Sept. 20 (Xinhua) -- The United Nations (UN) and the World Bank Group plan to accelerate the flow of finance for climate action through a new platform dedicated to identifying and facilitating transformational investments in developing countries, World Bank Group President Jim Yong Kim said on Wednesday.


The platform, named Invest4Climate, will bring together investors with high-impact opportunities in developing countries such as large-scale development of battery storage, electric cars, and low emission air conditioning.


It will also facilitate such investments through the development of risk mitigation instruments and, based on demand, will work with national governments to improve policy environments.


Kim said at a press conference during the Bloomberg Global Business Forum that ""there are vast opportunities in developing countries in areas like clean energy and climate-smart agriculture that will lay the groundwork for a more prosperous and sustainable future.""


""Our challenge is to create the conditions for investment to flow, and to get all forms of finance working together for maximum impact,"" he added.


UN Secretary-General Antonio Guterres said that countries are successfully reducing emissions and building resilience to climate change.


But getting to the level of action needed to reach the global goals set in Paris two years ago will require a huge leap in the flow of financing and investment for implementing the National Determined Contributions, he said.


""Cities are leading the way in confronting climate change, and they would be doing even more, even faster, if they had greater access to funding,"" said Michael R. Bloomberg, UN Special Envoy for Cities and Climate Change, at the same press conference.


The first Invest4Climate initiatives are expected to be announced at the Climate Summit in Paris in December 2017.


Xi meets Singaporean PM on advancing ties


At least 216 people killed in Mexico quake


Chinese naval hospital ship Peace Ark to offer free medical services in Sierra Leone


Highlights of 2nd Silk Road (Dunhuang) Int'l Cultural Expo


China to build cross-provincial national park for giant panda


Aerial view of paddy fields in SW China's Guizhou


Special snacks displayed during 14th China-ASEAN Expo


Scenery of paddy fields in Baicheng, NE China's Jilin

" "

by Olatunji Saliu


ABUJA, Sept. 21 (Xinhua) -- Nigeria needs steady growth to fully recover from its worst economic recession in more than two decades, an economic expert told Xinhua on Thursday.


The Abuja-based economist said the end of the recession in Nigeria was a good development but the country's economic growth remained fragile and vulnerable to external shocks and policy slippage.


Muye Yahaya said cruel choices or policies, aimed at adding value to all sectors of the economy, were needed as quickly as possible.


It is through such policies that the economy, which pulled out of recession early September, can be on the path of smooth development and stability, Yahaya said.


""Such cruel or important choices are needed to accelerate the construction of institutions to stimulate economic growth and restructuring the economy,"" he said.


Yahaya, like many other analysts in Nigeria, thinks the outlook for more growth looks positive for the country.


He urged the government to make honest painful structural changes to support its priority sectors of the economy.


""Nigeria needs a national consensus to reduce borrowing and to invest more in agriculture, mining sector and supports small-scale industries.""


""The country also needs to improve the business climate by upgrading corporate governance, promoting venture capital investment, redesigning policies for small and medium-sized enterprises, known as SMEs, that will raise productivity, which is the only way to regain a sustainable growth rate,"" the expert said.


Among other areas that needed urgent attention for economic revival, the expert said the local tax structure could also encourage industrial revival.


Many experts have said that there are different stages Nigeria must go through before ordinary Nigerians will feel the effects of going out of recession, adding figures suggesting growth do not translate into an improvement in the quality of growth.


On Sept. 5, data by the Nigerian government showed a notched-up growth of 0.55 percent in the second quarter of 2017, from -0.91 percent in the first quarter of 2017 and -1.49 percent in the second quarter in 2016.


The economic recovery was driven by improved performance in the oil, agriculture, manufacturing and trade sectors.


The Nigerian economy had contracted for five consecutive quarters since the first quarter of 2016, slipping into recession for the first time in more than two decades in August 2016.


The economy had depended on oil, its mainstay, for 70 percent of state revenues and 90 percent of export earnings.


Nigeria's economic challenges were compounded by lower oil prices on the international market since mid-2014, which caused a huge fall in government revenues, weakened local currency and dollar shortages.


Its economic woes were exacerbated by militant attacks on key oil infrastructure in the restive Niger Delta.


The economy rebounded partly as there had been improved performance in non-oil sectors of the Nigerian economy in the second quarter.


Nearly 60 percent of the non-oil sector's contribution to the gross domestic product is influenced by the oil sector.


The positive growth seen in agriculture, when the rest of the economy was contracting, was maintained at 3.01 percent.


Manufacturing growth was also positive, at 0.64 percent, although it was lower than the previous quarter's growth of 1.36 percent, a noticeable im Finding The Right Expe. Wholesale Jerseys From China http://www.wholesalemlbcheapjerseyschina.com/ Wholesale Jerseys China Wholesale Cheap Jerseys http://www.wholesalecheapnbajerseysonline.com/ Wholesale Baseball Jerseys From China Wholesale Hockey Jerseys Wholesale Basketball Jerseys From China Cheap Jerseys From China Cheap Authentic Soccer Jerseys
Przekierowanie