IslamicFinance.de

As international leaders gather for the World Economic Forum Annual Meeting in Davos, the world should be paying more attention to the United Nations Sustainable Development Goal number 17, which is global partnership for sustainable development. First, private wealth managers need to work more closely with the Multilateral Development Banks (MDB) engaged in sustainable development. Second, wealth managers should educate private clients about potential advantages of multilateral development banks. Third, new fixed income benchmarks would encourage higher institutional investment in MDB bonds. Global household wealth is $280tn, according to Credit Suisse. Just a 1% additional investment in the top 10 emerging market development-focused MDBs could increase their amount of outstanding nominal bonds from $1.1tn to $3.9tn.