United Nations Development Programme

Albania's developing tourism industry could help stop its young people from leaving – and boost its economy

Retrieved on:

Tuesday, May 2, 2023

Despite its small size, Albania’s varied landscape offers an array of touristic opportunities.

Key Points:

Despite its small size, Albania’s varied landscape offers an array of touristic opportunities.
The interior of the country is wild and mountainous, boasting 15 national parks, picturesque remote villages and breathtaking alpine scenery.
So could tourism be an economic saviour for Albania and mediate the migration of its young people?
Industry professionals in Albania feel that infrastructure, waste management and transport links are not at the level required to attract a large number of tourists.

Transformation through tourism

After the second world war, tourism became a crucial way for many poorer Mediterranean countries to kickstart their economies.
In 1951, the Greek National Tourism Organisation embarked on a nationwide development initiative to construct tourist facilities across the country, the Xenia project.
A growth in Albania’s tourism might offer young people alternative opportunities to those they seek by leaving their home nation.
Travel and tourism employ more young people (14- to 25-year-olds) than any other sector, according to a World Travel and Tourism Council study.

Stunning landscapes

In 2022, a TikTok trend sparked a boom in tourist bookings after people posted images of its stunning beaches.
The World Travel and Tourism Council found that the Caribbean’s tourism sector suffered from economic leakage of 27.5% in 2019.
For decades, the country sealed its population inside its borders, but these days many young people are desperate to leave.
But an improvement in economic prosperity and jobs in the tourism industry might be a significant factor in changing that, if managed well.

EDB to Host Conference for Major Investors from 40+ Countries in Almaty on May 15-17

Retrieved on:

Monday, May 1, 2023

International organizations, including the United Nations Industrial Development Organization (UNIDO) and United Nations Development Program (UNDP), will also be present.

Key Points:

International organizations, including the United Nations Industrial Development Organization (UNIDO) and United Nations Development Program (UNDP), will also be present.
The conference will feature a special session to present the investment potential and projects in Kazakhstan and Central Asia as the world’s fastest-growing region.
The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries.
For more than 17 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries.

New World Citizenship Report 2023 shows HNWIs and mass affluent in search of freedom: CS Global Partners

Retrieved on:

Wednesday, April 26, 2023

The World Citizenship Report is the world’s first-ever endeavour in investigating the value of citizenship through the lens of the global citizen.

Key Points:

The World Citizenship Report is the world’s first-ever endeavour in investigating the value of citizenship through the lens of the global citizen.
Unlike other rating tools, the World Citizenship Index ranking is designed to reflect a citizenship’s value through the lens of the newest generation of global citizens: the mass affluent population.
This data shows why quality of life is so highly coveted among global mass affluents, and indeed all individuals.
The expanded audience of over 1000 participants included both HNWIs and the mass affluent from across the globe.

Barrick’s Sustainable Delivery Centered on the Achievement of UN Sustainable Development Goals

Retrieved on:

Wednesday, April 26, 2023

TORONTO, April 26, 2023 (GLOBE NEWSWIRE) -- (NYSE:GOLD) (TSX:ABX) – Barrick Gold Corporation’s sustainability strategy is based on integrated and holistic management and aligned with the objectives of the United Nations’ Sustainable Development Goals (SDGs), that seeks to deliver outcomes that are achievable, demonstrable and align with global priorities, says president and chief executive Mark Bristow in the company’s 2022 Sustainability Report, published today.

Key Points:

For example, Barrick generated more than $10.7 billion in economic value and created 21,000 jobs in 2022 (SDG 8: Decent Work and Economic Growth).
Pueblo Viejo is the first Dominican mining company to have been awarded the highest level of gender equality certification by the country’s Ministry of Women and the United Nations Development Programme.
On the environmental front, Barrick has set itself a greenhouse gas emissions reduction target that is both demonstrable and achievable (SDG 13: Climate Action).
For us, sustainability is instrumental in our continued drive to operate mines that are welcomed and respected as development partners throughout the world,” Bristow says.

Denmark takes first place in second annual World Citizenship Report, global ‘powerhouses’ lose their lustre among the mass affluent

Retrieved on:

Thursday, April 20, 2023

The World Citizenship Report ranks 188 countries across five key motivators defining citizenship for the global citizen.

Key Points:

The World Citizenship Report ranks 188 countries across five key motivators defining citizenship for the global citizen.
Unlike other rating tools, the World Citizenship Index ranking is designed to reflect a citizenship’s value through the lens of high-net-worth-individuals (HNWIs) and the newest generation of global citizens: the mass affluent population.
“This year, we looked beyond HNWIs and extended our survey to the new mass affluent, a globally mobile generation who is providing fresh impetus for a renewed drive towards global citizenship.
These factors were then further explored and validated by surveying the global mass affluent population on the value of second citizenship.

AM Best Extends Congratulations to Microinsurance Network on Its Latest Benchmark Study of Inclusive Insurance in Emerging Markets

Retrieved on:

Monday, April 17, 2023

Other Professional Services, Professional Services, Insurance, AM Best, United Nations, ALL, Life, Risk management, American Council, EDT, Organization, Traction, CEST, American Council of Life Insurers, United Nations Development Programme, News, Microinsurance

AM Best would like to extend its congratulations to the Microinsurance Network on the release of its annual Landscape of Microinsurance study, an important look at the state of development of global microinsurance markets.

Key Points:

AM Best would like to extend its congratulations to the Microinsurance Network on the release of its annual Landscape of Microinsurance study, an important look at the state of development of global microinsurance markets.
“Microinsurance continues to gain traction thanks to the work of organizations like the Microinsurance Network, and this study highlights the ongoing support from global insurance providers to some of the world’s most vulnerable economies with protection through insurance,” said Keenan.
For more information about the Microinsurance Network and the upcoming Landscape of Microinsurance study webinar, please visit the Microinsurance Network website .
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Infosys: Industry leading FY23 revenue growth of 15.4% with healthy 21.0% operating margins

Retrieved on:

Thursday, April 13, 2023

BENGALURU, India, April 13, 2023 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $18.2 billion in FY23 revenues with industry-leading growth of 15.4% in constant currency and operating margins of 21.0%. Growth was broad-based across industry verticals and geographical regions. Digital comprised 62.2% of overall revenues and grew at 25.6% in constant currency.

Key Points:

Executing on our capital allocation policy, we successfully completed the share buyback and have proposed a final dividend of `17.50 for FY23", he added.
For FY23, the Board has recommended a final dividend of ₹17.50 per share ($0.21 per ADS*).
Together with the interim dividend of ₹16.50 per share already paid, the total dividend per share for FY23 will amount to ₹34.00 (app.
The company has completed the open market share buyback on February 13, at an average price of approx.

Infosys: Industry leading FY23 revenue growth of 15.4% with healthy 21.0% operating margins

Retrieved on:

Thursday, April 13, 2023

BENGALURU, India, April 13, 2023 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $18.2 billion in FY23 revenues with industry-leading growth of 15.4% in constant currency and operating margins of 21.0%. Growth was broad-based across industry verticals and geographical regions. Digital comprised 62.2% of overall revenues and grew at 25.6% in constant currency.

Key Points:

Executing on our capital allocation policy, we successfully completed the share buyback and have proposed a final dividend of `17.50 for FY23", he added.
For FY23, the Board has recommended a final dividend of ₹17.50 per share ($0.21 per ADS*).
Together with the interim dividend of ₹16.50 per share already paid, the total dividend per share for FY23 will amount to ₹34.00 (app.
The company has completed the open market share buyback on February 13, at an average price of approx.

EDB to Host Conference for Major Investors from 40+ Countries in Almaty

Retrieved on:

Monday, April 3, 2023

From 15th to 17th May 2023, the Eurasian Development Bank (EDB) will host a conference for major investors in infrastructure and ESG projects, along with meetings of the Association of Development Financial Institutions in Asia and the Pacific (ADFIAP), in Kazakhstan’s biggest city of Almaty.

Key Points:

From 15th to 17th May 2023, the Eurasian Development Bank (EDB) will host a conference for major investors in infrastructure and ESG projects, along with meetings of the Association of Development Financial Institutions in Asia and the Pacific (ADFIAP), in Kazakhstan’s biggest city of Almaty.
International organisations, including the United Nations Industrial Development Organization (UNIDO) and United Nations Development Programme (UNDP), will also be present.
The conference will feature a special session to present the investment potential and projects in Kazakhstan and Central Asia as the world’s fastest-growing region.
For more than 17 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries.