The US credit rating was downgraded. Here’s what to know
Aug 9, 2023 · In early August, Fitch Ratings, a leading credit rating firm, downgraded the long-term credit rating of the US government. The agency—which lowered the US from the highest AAA classification to the notch lower AA+ rating—said the slight downgrade was due to a “steady deterioration in standards of governance” in recent decades on fiscal ...
New approach to credit scoring accelerates financial inclusion
Jan 20, 2021 · An alternative form of credit scoring is being used successfully in emerging markets, as data on consumer consumption is rich because e-commerce is widespread. Forum Institutional This new approach to credit scoring is accelerating financial inclusion in …
Access to credit: The silent issue hampering growth and …
Aug 6, 2024 · Take, for example, a developing economy like Pakistan. Pakistan is home to 241 million people, but less than 2 million people have access to formal credit. In contrast, as of 2022, 82% of adults in the US had access to credit, while 64% of UK adults held a credit card as of November 2023.
What are carbon credits and how can they help fight climate …
Nov 12, 2020 · In 2021, an international task force led by UN Special Envoy for Climate Action and Finance, Mark Carney, and chaired by Bill Winters, CEO of Standard Chartered Bank, published a blueprint for creating large-scale transparent carbon credit trading markets based on independent verification. The World Economic Forum is observing the effort.
These are the biggest global risks we face in 2024 and beyond
Jan 10, 2024 · Disinformation, climate and conflict are among the biggest threats facing humanity, according to the World Economic Forum’s latest Global Risks Report. #risks24 #wef24
The top energy stories of 2024 | World Economic Forum
Dec 20, 2024 · The World Economic Forum's Energy Transition Index (ETI), which benchmarks 120 countries on their current energy system performance, and on the readiness of their enabling environment, has found that 107 out of 120 countries have demonstrated progress in their energy transition journey over the past decade.
Carbon credits could help India reach net-zero by 2070
May 18, 2022 · Agriculture-related carbon credit systems have, so far, been mostly confined to large scale holdings in developed economies, where farmers have greater access to information sources, technology, and the necessary mechanisation and equipment.
Money matters: Your guide to financial literacy
May 3, 2024 · April 2024 was National Financial Literacy month in the US, but adult financial literacy rates in the country have hovered around the 50% mark for the past eight years.
New Report Charts Roadmap to a Quantum-Secure Financial System
Jan 17, 2024 · Davos-Klosters, Switzerland,17 January 2024 – A World Economic Forum report, released today, analyses a financial sector on the cusp of a quantum revolution, where emerging technologies are predicted to drive sector investment to $19 billion by the 2030s and up to $850 billion over the next 30 years.
What is consumer confidence and why does it matter? | World …
Jan 4, 2023 · For example, in June 2022, people in Denmark and Sweden were moderately pessimistic about the economic future, scoring minus 0.3. But by November 2022 they, together with the citizens of Italy, had switched to being very optimistic with a score of plus 1.4.