Wednesday, May 7

BANKING & FINANCE

On December 20, 2022, the winners of the World Investment Award “Investment Angel” 2022 were announced:
*In the nomination “Investment Angel in the field of investments in the development and implementation of innovations” For contribution to the achievement of SDG 9: Building a solid infrastructure, promoting inclusive and sustainable industrialization and innovation, the winners are announced:
PJSC “AKRON” (Novgorod region);
CJSC “Plyterra” (Republic of Mordovia);
* In the nomination “Effective specialized institutions for the development of subjects of the states of the world in the field of investment development: “For contribution to the achievement of the Sustainable Development Goals” the winner was announced:
NO “Guarantee Fund – Microcredit Company of the Republic of Khakassia”. 

Two and a half years ago, when the last coalition forces left Iraq, U.S. President Barack Obama said that Americans were “leaving behind a sovereign, stable and self-reliant Iraq.” But today jihadists are tearing the country apart, having taken several major cities in the north, including the second largest one, Mosul. On June 10, Prime Minister Nouri al-Maliki declared a state of emergency and called for outside assistance, meaning primarily support (including military) from the U.S. But American strategists, who are embittered by their previous campaign, which was costly both in financial resources and human lives, have virtually ignored this appeal. Even without it, Obama′s approval rating is low, and the entanglement of the country in a new military campaign would destroy any hope that the Democrats would win the next presidential election.

On July 15th leaders of the BRICS nations agreed to establish a New Development Bank (NDB) while attending the group summit in Fortaleza, Brazil. This announcement has caused extraordinary attention all around the world, marking the undeniable significance for the future development of the BRICS, as well as the entire foundation of the international financial institutions. Naturally, the NDB creation initiative has prompted optimistic feedback as well as raised questions and skepticism. WEJ has invited two renowned experts to explain the meaning of the BRICS New Development Bank announcement and attempt to predict what this initiative might bring to global financial and economic development.

Ever since the shale gas revolution in the US that received its recognition in the second half of the 2000s, the majority of global energy experts have spoken of the gigantic changes to the market that the US will bring in the near future. Although the US LNG has not yet changed the face of the global energy supply chains, it has all the potential to redraw the energy maps after 2017-2018 when the mass exports of liquefied gas would begin. But in the midst of the US energy breakthrough, small attention is given to what we believe might be yet another “game-changer”.

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The World Economic Journal’s “WEJ Awards” recognize individuals who have made significant…