, among 15 chief executive officers, financiers and asset managers in its Private Sector Investment Lab.
With the collective expertise and leadership of executives from AXA, BlackRock, HSBC, Macquarie, Mitsubishi UFJ Financial Group, Ninety One, Ping An Group, Royal Philips, Standard Bank, Standard Chartered, Sustainable Energy for All, Tata Sons, Temasek, and Three Cairns Group, the lab is well-equipped to tackle the challenges hindering private sector investment in these regions.
By doing so, it plans to drive inclusive economic growth, create employment opportunities, and improve the quality of life for people in these regions. Co-chaired by Mark Carney, UN Special Envoy on Climate Action and Finance, and Shriti Vadera, Chair of Prudential plc, the Lab will meet regularly to discuss progress and report directly to Mr Banga and the World Bank Group leadership.
He emphasised the need for public-private collaboration and stated that the initiative has the potential to unlock significant investment, ultimately improving the lives of people in the Global South.Gas scarcity, Europe’s duplicity and the need for a just energy transition, By Chukwumerije Okereke Shriti Vadera, Chair of Prudential plc, highlighted the lab’s focus on delivering tangible impact on the ground.
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