A key global initiative that currently unites much of the world is the 2030 Agenda for Sustainable Development. Launched by the United Nations back in 2015, Agenda 2030 is an action plan for “people, the planet and prosperity”, which countries and stakeholders, acting in collaborative partnership, have pledged to implement.
Center for Global Development (CGD)
Can Basel III Work for Emerging Markets and Developing Economies? New Report Says Yes, With Some Key Adjustments
Basel III, a regulatory framework designed with the goal of enhancing international financial stability in the aftermath of the global financial crisis, was tailored to banks in advanced economies. However, regulators in emerging markets and developing economies (EMDEs) are also embracing these standards, even though doing so may pose challenges to their financial development. How can Basel III be made to work for EMDEs? A new CGD Task Force report makes several recommendations.