NDC Invest Annual Overview 2020

NDC INVEST is an IDB Group platform offering financial solutions and technical support to help build national goals and transform them into attainable plans that generate prosperous, resilient, and carbon neutral economies. Throughout the years closely supporting LAC countries, NDC INVEST has gained valuable experience and knowledge in designing and implementing concrete actions that lead to long-term climate resilience and net-zero emissions by 2050. In 2020, NDC INVEST confirmed its key role in successfully translating national climate commitments into physical and beneficial economic plans and transformational development projects. 331 initiatives have been supported in IDB Group regional member states through the IDB sovereign window, IDB Invest and IDB Lab. This publication highlights the successful work of NDC Invest in i.) developing relevant knowledge and building national capacities for long-term strategies (LTS), ii.) supporting countries in creating ambitious climate goals and NDCs, and iii.) implementing LTS and NDCs through financial strategies and investment plans.

Main features of Business English communication in modern financial and economic area

The article is devoted to the review of stylistic, grammatical and lexical features of foreign business communication in modern financial and economic area. The functional styles that have developed as a result of social and financial dynamic changes were analyzed. In order to significantly consider and distinguish the main competencies of business communication, an analysis of various approaches to the classification of given competencies was carried out. Globalization processes, the interaction of different cultures, the interaction of new ideas in education provide the dynamic development of a new multi-level system, where such competencies are vital. Since in modern financial and economic society the paperwork of legal relations is in great demand, regulation of various aspects of public beings and hence the necessity of a book language for processing business papers, official and personal correspondence. The expansion of the social functions of English, the scope of its usage, importance of the standardization of terminology system of many areas of life, to analyze the flow of cross-borrowings that filled Ukrainian-speaking community, to develop the culture of communication that affects to the quality of speech. Key economic and political changes that took place at the turn of centuries, the progress of science and technology, the development of new technologies resulted in emerges of new concepts and realities for which various lexical units are used. In the context of dynamic transformational development of the world economy, in the context of coexistence of the various economic theories, the professional vocabulary of financial and economic area is becoming more and more relevant and significant both in formal and informal communication.

Monitoring of Russian banking system in terms of digital transformation

The main characteristics of modern financial and credit institutions are flexibility, ability to adapt to changes in conditions of risk and uncertainty. The process of adaptation may have low efficiency without intensive monitoring of financial and credit institutions’ operation in direction of improving their technological basis. The article is devoted to some aspects of monitoring directions of financial and credit institutions’ transformational development. The social environment acts as a final consumer of banking services and determines the features of the transformation process in the Russian Federation. The research results can be used in generalized form in managerial and financial environment to improve effectiveness of the infrastructure development based on informational and technology platforms. The main contribution of the research is to identify changes in the mechanism of relationship of managed and managerial systems, identification of modern communication tools, reasoning of emergence and development of social and economic directions of financial and credit institutions’ transformational development.

Transformation technologies in the processes of capable territorial communities developing

The article discusses issues related to the implementation of modern transformational development technologies in the field of reforming local self-government through the formation of capable united territorial communities. The article claims that today in Ukraine the first evolutionary stage of voluntary community unification has already been passed and now Ukraine is moving on to the next stage - community unification by the principle of ability. This second stage of decentralization involves a radical reduction in the number of districts through the unification and creation of new capable administrative and territorial units at the subregional level. This necessitates a change in the functions of local governments from the implementation of the existing external strategy, to structures that independently develop strategies and tactics, and are responsible for their decisions to the residents of the communities. The role and specific features of capable united territorial communities, as public law units that have all the necessary resources to solve local issues provided for by law, are described. It is proved that strategic goals require a systematic, step-by-step technology for the development and implementation of both strategic and tactical levels. However, among specialists from local economic development, certain gaps in understanding how to turn strategies into tactical development plans through projects and programs have been identified. Although project management has all the necessary tools to create mechanisms for implementing the developed strategy. It is the lack of knowledge on the practical application of well-known project management tools, which causes failures in the implementation of strategies. The article notes that the failure in the developed strategy implementation can be due to both shortcomings in the development of the strategy itself and errors in the development of tactical measures for its implementation. Highlighted shortcomings in the training of project competencies of persons related to the development of program-targeted documents in the newly united territorial communities. The development of transformational tools for united territorial communities through the integration of strategic planning and tactical project management is proposed.

Resident attendees of Macao's Drunken Dragon Festival: a cluster analysis

PurposeThe present study aims to investigate resident attendees' perceptions and attitudes towards a traditional cultural festival. It further clusters the attendees and identifies the profiles of each cluster based on its demographic, attitudinal and behavioral variables.Design/methodology/approachThe Drunken Dragon Festival, a traditional cultural festival in Macao SAR, which has been embedded in the local community for about a century, is used as a case. Data collected from 378 residents on the day of the festival were factor analyzed and then grouped by using cluster analysis.FindingsA two-cluster solution revealed that the two groups, overall, had distinct demographic characteristics and had somewhat different perceptions and attitudes towards the festival.Practical implicationsThe results not only show the overall perceptions of the Drunken Dragon Festival among the resident attendees, but they also imply that the government and the organizers need to communicate with and involve the two resident attendee clusters differently.Originality/valueThis study is one of the first attempts to investigate the residents' attitudes towards the transformational development of a traditional cultural festival as an effort to ensure the viability of intangible cultural heritage and to utilize it as a tourism resource.

Transformational Development: Empowering Christian Widows in Northern Nigeria

Several developmental ventures have been used to empower African widows. Such development programs address the economic and social dimensions of the plight of African widows. However, most of these development initiatives tend to ignore religion in the development process. This article will argue that religion is pertinent towards empowering Christian widows in northern Nigeria. A case study of a non-profit initiative in a southern Kaduna village demonstrates that religion is necessary for empowering Christian widows in northern Nigeria. I explore the important role religion plays within Africa, and specifically in northern Nigeria. My assumption is that the wise use of religion to empower Christian widows is effective. I suggest that the implication for the wise use of religion to empower Christian widows would ensure that Christian widows draw from the religious sentiments towards personal and social transformation.

Informatization and Informalization of Gender and Workforce, the Paradoxes of India’s Growth and Development

The Labour is the natural prime factor of production,which produces and transform goods, services, economy, state, society and system from one form to another and cultivate the natural flora and fauna factors by their continuous physical and mental efforts for the survival of thehuman living being of the world. The living being, journey of numerous civilizations beyond the numeric counting and calculations has been working, inventing, innovating for a better life, society and system. This paper studies the manual traditional and modern mechanized agricultural and industrial evolution of Indian economy in the world contemporary times and assessing the various socioeconomic factors which has been the obstacle and challenging resistivefactors of economic growth transformation into the development, as the Indian economy has made tremendous growth in information technology and GDP since 1980 which is now the third biggest economy on PPP which didn’t converted into the transformational development, which resulted into increase in sizes of vulnerable unorganized workers and decrease in the female participation rate in labour force (FPRLF) in the hyper economic growth regime, which has resulted into informalization of women and labour at large in post 1945 US structured capitalistic Washington consensus regulated major liberalized free market determined world has produced the paradox of India’s high Economic growth with one worst Human Development