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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world The market for so-called debt-for-development swaps “is really starting to grow,” said Stephanie von Friedeburg a New York-based managing director in Citigroup’s banking Stephanie von Friedeburg is IFC’s first Senior Vice President She most recently stewarded the institution in the midst of the pandemic and led the implementation of IFC’s strategy to create projects and ultimately support a resilient and inclusive recovery in emerging markets She currently leads all IFC investment operations and advisory services and manages IFC’s $60 billion debt and equity portfolio in more than 100 countries Her priorities include increasing opportunities for women scaling up investments to fight climate change Her career spans almost three decades in the World Bank Group where she also served as the first Chief Operating Officer and has spent more than two decades in investment operations developing strong expertise in Africa and Central and Eastern Europe and in sectors such as telecom In addition to an MBA from the Wharton School she holds a Master of Arts from the Lauder Institute at the University of Pennsylvania and an undergraduate degree from the School of Foreign Service at Georgetown University Stephanie von Friedeburg is a C-Level executive global investment banking leader and business strategist recognized for successful investments and returns across multiple sectors and asset classes She is a respected partner and trusted advisor to a global network of senior decision makers in governments She has strong change management expertise and substantial board level experience Stephanie’s extensive knowledge of global affairs and emerging markets informs her assessment of investment opportunities in fluid economic environments Stephanie completed a markedly successful 30-year career with the WBG she oversaw global investment and advisory operations across 100+ country offices and a US$1 billion annual operating budget with 2,200+ staff Stephanie led commercial and investment banking and private equity services for clients in emerging markets worldwide generating more than US$30 billion in new business annually She generated a portfolio of US$3+ billion in 100+ companies across 40 developing countries The 30+ structured mezzanine and equity transactions yielded one of IFC’s most profitable portfolios with an IRR of 20+% Stephanie started her career leading the country-based team driving the Russian Mass Privatization Program working closely with Russian Federal Ministry on the world’s first She then managed IFC’s advisory services and first sizable investments in the manufacturing and services sectors in Eastern Europe and the former Soviet Union Stephanie was named to Yahoo’s 2021 HERoes 100 List for driving change and increasing gender diversity in the workplace and CIO Magazine’s CIO 100 Award for Outstanding Business Technology Leadership in 2015 and 2017 She currently shares her expertise as a member of the CSIS Commission on the Reconstruction of Ukraine and the Global Business Advisory Board for the McDonough School of Business at Georgetown University Stephanie served as Board Member and Alternate Chair of the IFC Asset Management Company She also served on the Ukrainian National Investment Council and as Vice Chair of the Board of Directors of the Bank-Fund Staff Federal Credit Union Stephanie earned a BS from the Edmund Walsh School of Foreign Service at Georgetown University Lauder Institute and an MBA from the Wharton School both at the University of Pennsylvania She and her husband have three children and live in the greater Washington The IFC's Interim Managing Director and Executive Vice President talks to Environmental Finance on the 10th anniversary of its green bond programme broken lots of new ground and are continuing to learn IFC issued the market's first global US dollar-denominated benchmark-sized green bonds in 2013 which set a precedent as the largest green bonds in the market at the time of issuance and helped solidify the market IFC had issued $10.4 billion green bonds in 20 currencies  The proceeds of those bonds have gone to 221 projects and are expected to reduce greenhouse gas emissions by 21.8 million metric tonnes of carbon dioxide (CO₂)-equivalent per year: That is about the CO₂ emissions from 2.5 billion gallons of consumed gasoline We have also invested over $12 billion in climate finance investments through financial institutions to support climate-related credit lines IFC subscribed a $50 million bond issued by Banco Pichincha Ecuador IFC joined forces with Proparco and IDB Invest for a total of $150 million the Ecuadorian private lender will be able to finance projects in renewable energy Another area where we have broken ground in is mobilizing private capital We achieved this through two green bond funds which have raised over $2.5 billion for investments in financial institutions and the real sector - the Amundi Planet EGO Fund the world's largest targeted green bond fund focused on emerging markets and the Real Economy Green Investment Opportunity Fund launched in May 2020 with HSBC Global Asset Management we celebrated our 60th anniversary and our CEO asked us to do a retrospective of IFC and addressing the world's most difficult development challenges and helping meet the 2030 goals This was the process that generated our IFC 3.0 strategy The first pillar is designed to create policy and regulatory environments conducive to private investment and to produce more bankable projects as we know there are just not enough sustainable projects from policy reform and implementation to project development which seeks to generate investable opportunities It dovetails naturally with our collaboration across the World Bank Group to prioritise private sector solutions and reserve public financing for projects that are not commercial in nature And it demands that we work together to create the greatest impact The second pillar is designed to crowd in much-needed private capital We all know from Addis Ababa and beyond that there is patient capital sitting on the sidelines and we need to find ways to bring these funds into our projects Here we can leverage our asset management company and our syndication platforms where we have been able to bring sovereign wealth funds pension funds and insurance companies to the table The funding gap that we must bridge if the world is to meet the Sustainable Development Goals by 2030 is estimated to be at least $2.5 trillion annually That means that we must dramatically scale up investments in sustainable finance within the next decade We cannot consider large scale financing without leveraging in the bond market Bonds are an attractive option to raise capital for sovereigns and corporates They are a stable and reliable source of term finance and provide access to larger volumes than other credit products Sustainable investing has been gaining a foothold in mainstream financial markets but traditionally The green and social bond product has changed this and investors now specifically welcome the inclusion of green or social bonds into their portfolios as they look to increase investments that have positive social and environmental impact they brought in nearly $170 billion to fund climate investments This year alone we have already seen around $100 billion in global social bond issuances a substantial increase from the $17.4 billion issued in 2019 We're proud to have played a role in the wave that brought sustainable bonds to the menu of investors worldwide And the Covid-19 pandemic has proven that sustainable bonds should be a main staple of capital markets if we are to mitigate the global challenges we face complemented by our historic $5.5 billion capital increase I believe IFC could not be better placed to address the financial and development challenges the world is facing as a result of Covid We have lost as much as a decade of development gains Our estimates are that as many as 150 million people will end up in extreme poverty in 2021 We see that governments have used their limited fiscal space they had to help citizens as part of the Covid crisis and in the poorest countries we also know that domestic and foreign direct investment has fallen by at least $950 billion over the course of the pandemic IFC must leverage its strategy and its experience to bring the private sector back to emerging markets to create the economic growth and the jobs that we need to bring recovery to help us define interventions that leverage our 3.0 strategy and capital increase to truly make a difference we worked with our Board to create a $8 billion fast track Covid facility that we made available to our existing clients We have committed 50% of this facility in just six months we launched a $4 billion global health platform which will allow us to invest in companies located in both developing and developed economies and ultimately vaccines in our countries of operation On restructuring: We know that there is a wave insolvencies and bankruptcies coming our way We need to work very closely with our World Bank colleagues to ensure that the policies and regulation are in place in as many countries as possible to expedite work outs and bankruptcies keeping as many viable companies afloat as possible and reallocating assets where necessary IFC is also preparing to launch a restructuring fund through its Asset Management Company And a global debt fund to support larger corporates our "Creating Markets" strategy is more relevant than ever in relation to creating bankable projects by working upstream and attracting private capital to the most difficult markets it took over three years for FDI and private sector investment to return to pre-crisis levels in emerging markets and without some means to accelerate the return of capital it could take us a decade to bring private sector investment back to its pre-Covid levels in emerging markets Given the overall indebtedness of the world's poorest countries the private sector will be all the more important Our 3.0 Creating Markets strategy exemplifies a new financing approach focused on the mobilisation of the private sector We are working to: (i) create policy and regulatory reforms that promote private investment and (iii) introduce blended finance to de-risk projects This involves a myriad of different tools and approaches we have created innovative platforms to mobilise private capital into difficult markets We are bringing asset managers and development finance institutions into the market to manage funds for impact at scale in a disciplined way IFC created the AMC equity funds and MCPP debt mobilisation platform which have enabled institutional investors to invest at scale We are also establishing the tools to de-risk projects We established the IDA Private Sector Window (PSW) to catalyse private investment in countries eligible for assistance from the International Development Association (IDA) the Bank Group's fund for the poorest countries With the four facilities under the PSW — Risk Mitigation and MIGA Guarantee — we now have tools to de-risk projects and overcome the lack of local currency financing Stephanie von Friedeburg is Interim Managing Director and Executive Vice President Mobilising capital for emerging markets and developing economies requires a collaborative effort Discussion surrounding the impact of climate change has traditionally focused on potential future losses but companies that adapt could see a financial return according to a new report by JP Morgan Chase Subscribe to Environmental Finance to benefit from: article In-depth special reports and analysis This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here IFC Managing Director Makhtar Diop outlined changes to the institution's structure and decision-making to staffers last week The International Finance Corporation plans to make structural and process changes to “bring decision-making closer to our clients and markets,” according to an email obtained by Devex sent by IFC Managing Director Makhtar Diop to staff members last week revealed upcoming changes — from new titles to different reporting structures and shifts in decision-making — as the institution starts its new fiscal year “My hope is that the changes described below will make our organization faster nimbler and more responsive to our clients’ needs ultimately enhancing our impact and fulfilling our mission when the world needs us most,” Diop wrote One significant change is how the institution will make decisions about new projects While IFC has worked to simplify processes over the past year including easing procedures for repeat clients who previously borrowed it will now expand those procedures to new projects in an effort to streamline approval this means that most projects will be approved at the regional level with only the riskiest projects going to IFC’s Corporate Operations Committee The leadership structure will change too. Senior director positions, created a few years ago, will be eliminated, and Stephanie von Friedeburg’s role as senior vice president of operations will not be refilled when she steps down after nearly three decades with the World Bank Group who also served as IFC’s interim managing director prior to Diop’s appointment but her final day in the office was Friday according to a separate email that Diop sent to IFC staffers IFC will create a new Vice Presidency Unit for Industries previously vice president for risk and finance as well as corporate portfolio and operations management directors IFC hits lending goals; Diop plans more ‘aggressive’ targets next year IFC invested nearly $33 billion in its latest fiscal year topping the previous annual figure and hitting its climate target Managing Director Makhtar Diop discusses the past year's results and what's next IFC will also combine its debt and equity mobilization work into one unit: renaming the Treasury and Syndications Vice Presidency as the Treasury and Mobilization Vice Presidency led by current VP and Treasurer John Gandolfo The new structure will have 11 vice presidents IFC is also creating two new regional director positions: one for Africa Nigeria; and one for Latin America and the Caribbean IFC’s upstream work which is a key part of the “IFC 3.0” strategy we have made huge strides in establishing and scaling up our Upstream capacity and building the pipeline We are now refining our operating model to further strengthen focus on execution and conversion of pipeline with a simplified and integrated structure and increased regional capacity,” Diop wrote in the first email What that means is that IFC will be “putting more upstream resources into the field” and speed up incorporation of its upstream and advisory work including combining advisory and upstream teams at the regional level upstream work will be led by sector managers with upstream staffers moving to sector units and regional teams All the upstream changes will be made by the end of the calendar year A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us. Through intellectual rigor and experiential learning two-year MBA program develops leaders who make a difference in the world Earn your MBA and SM in engineering with this transformative two-year program hands-on program that prepares adaptive problem solvers for premier finance careers A 12-month program focused on applying the tools of modern data science optimization and machine learning to solve real-world business problems Combine an international MBA with a deep dive into management science A special opportunity for partner and affiliate schools only A doctoral program that produces outstanding scholars who are leading in their fields of research Bring a business perspective to your technical and quantitative expertise with a bachelor’s degree in management We'll save you a seat in our MBA class when you're ready to come back to campus for your degree The 20-month program teaches the science of management to mid-career leaders who want to move from success to significance A full-time MBA program for mid-career leaders eager to dedicate one year of discovery for a lifetime of impact A joint program for mid-career professionals that integrates engineering and systems thinking Earn your master’s degree in engineering and management Non-degree programs for senior executives and high-potential managers customizable program for mid-career professionals Institutional investors like Goldman Sachs and Citigroup have pledged to invest in projects that tackle the climate crisis Here’s how they’re doing it — and where challenges remain which explored how companies can use metrics and standards to define and measure sustainability and corporate governance concerns increased to $80.5 billion in the third quarter of 2020 “I don’t think we would have seen those dynamics even five years ago,” said Hugh Lawson Global Head of ESG Impact and Institutional Client Strategy at Goldman Sachs Asset Management so has the discussion over accountability and whether organizations are “greenwashing” versus truly effecting environmental change Lawson said that if a business claims to be green “you do need a way to verify what they're saying is true.” “The scrutiny on making sure that the rhetoric and the reality match up is important and is having a positive effect,” said Lawson, who sat on a panel moderated byRoberto Rigobon, a professor of applied economics and co-faculty director of the MIT Sloan Sustainability Initiative panelists discussed how far the industry has come in establishing guidelines and performance standards but also acknowledged the many challenges that still remain including how to spur change within big financial institutions Even though plenty of financial institutions agree that it’s time to tackle the climate crisis it isn’t easy implementing change at large financial institutions that have “spent decades establishing rules of order,” said Michael Eckhart former global head of environmental finance for Citigroup and currently an adjunct professor of international and public affairs at Columbia University “The greatest challenge to addressing climate change is institutional inertia that can take 25 years to change,” Eckhart said “You can't just order somebody to consider environment and governance and expect them to carry it out perfectly every time.” By Eckhart’s estimate, only 2% of all bond issuance is green, which he said points to a dire need to hone in on the remaining 98%. (The International Finance Corp. put the former figure at 3% for 2019.) Responding to a question from the audience on how banks might go beyond promoting sustainable new investment to “stop the bad investments,” Eckhart wondered whether all bonds should be required to disclose how funds will be used “Why aren't we going after the flow of capital into things or purposes that are causing climate change?” he said “We're still funding the climate change-causing activities of industry If we're not moving capital for sustainable purposes we're not going to have a sustainable society.” which lends to companies in developing countries are being readily adopted by companies and financial institutions worldwide that want to measure and evaluate the effectiveness of their sustainability projects There are 116 financial institutions in 37 countries that use IFC’s performance standards and the ways it impacts project beneficiaries such as employees “You can do good and you can do well at the same time,” von Friedeburg said tell us how you're going to measure that impact get an independent verification of what you're measuring — and then make money on the way out.” The IFC is also “playing very substantively” in SDG lending, which refers to the Sustainable Development Goals adopted by the United Nations covering areas such as poverty, the environment, and education A company may receive a lower interest rate from the IFC if they hit one or more of those sustainability milestones “I think we’re moving in the direction of seeing a pricing differential” between companies that are green and those that are not Von Friedeburg said now would be a good time for financial institutions to step up and invest in renewable technologies in emerging markets while solar was expensive in the beginning “the cost curves have come down so dramatically that you really can drive solar and wind in Africa,” she said The mission of the MIT Sloan School of Management is to develop principled innovative leaders who improve the world and to generate ideas that advance management practice After we shared the presentation on our blog we received over 500 comments from individuals and organizations A number of commenters highlighted the very real impacts of climate change, like floods, that they’re already seeing and how these more frequent and intense events are affecting the poorest people. We know from our research that the vast majority of the world’s flood-exposed people – 89% – live in low- and middle-income countries Indeed our estimation shows that if unaddressed, climate change could drive an additional 132 million people into poverty by 2030 companies and institutions like ours are being called upon to ramp up their climate ambition and it’s why our new Climate Change Action Plan will commit us – already the largest multilateral financier of climate action in developing countries – to do even more the goal is to factor climate risks into all budgeting and planning helping line ministries to integrate resilience measures into investment planning and delivery and mangroves – and we are set to do a lot more Other sectors where we are ramping up our focus include energy water and land use - which account for the majority of global emissions face significant climate vulnerabilities and are also key for development Supporting countries to transition these sectors to greater levels of sustainability will take huge financial resources – well beyond what the World Bank Group alone can provide That means mobilizing increased resources from the private sector including by improving the enabling environment for investment and engaging with traditional investors to encourage new sources of commercial finance for climate action at the country level We are also working to “green” the financial sector through a range of policy reforms that will catalyze sources of new finance for low-carbon and more sustainable investments While this is only a brief response to the hundreds of comments we want to say again: thank you for your valuable inputs It is heartening that so many of you – young people and civil society groups – are ready to get involved whether by driving system change or through individual actions like planting trees and educating others It will take a collective and global effort to achieve this goal We are looking forward to ramping up action through our new Climate Change Action Plan Join the conversation on our new Climate Change Action Plan Thank you for choosing to be part of the Voices community The latest blog posts and blog-related announcements will be delivered directly to your email inbox Vice President for the Planet Vice Presidency at the World Bank Digital innovation is creating unprecedented opportunities for Africa to grow its economy With the aim to digitally connect every individual has embarked on an ambitious journey—a “moonshot” that will help countries accelerate progress and lay the foundations for a vibrant digital economy African leaders and influencers will come together to discuss practical ways of bringing the moonshot vision to life and building an inclusive digital future all across the continent Search past and upcoming events by keyword Browse the list of speakers for our events Policies for Inclusive Growth & Prosperity Harnessing the Transformative Power of Technology Explore recent video replays that are trending on World Bank Live Commissioner for Infrastructure and Energy Minister of Investment and International Cooperation I consent to my personal data being processed according to the WBG Privacy Notice Thank you for requesting an event reminder for email We have just sent you a confirmation It looks as though the e-mail address: email is already registered for reminders for this event either observed and verified firsthand by the reporter or reported and verified from knowledgeable sources Translations may contain inaccuracies—please refer to the original content the Nazis surrendered unconditionally to the Allies at Eisenhower's war room in Reims issue described the surrender negotiations the official announcements by Harry Truman and Winston Churchill the V-E Day celebrations and the United States's shifting focus to the war in the Pacific Excerpts from our coverage of the Allied victory in Europe: A peace that passeth all understanding came to the world this week it was the greatest news snafu of all time—but it was wonderful The hardest peace ever to fall on a nation in modern times was meted out to Germany by the 48 countries that had declared war on the Reich Ahead lay the difficult problems of the peace and the hard struggle to bring to an end the other half of the global war But for a few days at least a great burden was lifted from much of mankind was the official V-E Day in the United States Truman broadcast a short speech to the nation reminding all that the "fighting job" would not be done until "the last Japanese division has surrendered unconditionally." Then the president read his proclamation announcing that "the Allied armies having wrung from Germany a final and unconditional surrender." Prime Minister Churchill announced that hostilities would officially end throughout Europe at 12:01 a.m British time (fighting actually ceased at 11:01 p.m He proclaimed both May 8 and 9 as Britain's official V-E Days and ended with a rousing "Advance Britannia Snafu Peace: That was the official news for which the world had been waiting for nearly two weeks crowds shouted—or prayed—and in general rejoiced But the official celebration was an anti-climax nearly everywhere except in Russia In one of the greatest scoops in journalistic history the Associated Press broke the news of the German capitulation 24 hours before the official release The Germans themselves had earlier announced their surrender in a broadcast by Count Lutz Schwerin von Krosigk The capitulation was actually signed at 2:41 a.m Monday at General of the Army Eisenhower's headquarters at Rheims in northern France Both Churchill and President Truman stood ready to read their victory proclamations But somehow it turned out to be hard for them to get in touch with Stalin to arrange a coordinated announcement One story was that Stalin wanted to talk to the Soviet representative who signed the surrender before he committed himself The result was the wild but officially premature celebration in New York Only the Russians had no victory hangover on Tuesday They didn't know of the surrender until Stalin was ready to announce it An entire nation died at Rheims on Monday morning For days the end had been obvious to all and it was equally obvious that the task of Grand Admiral Karl Doenitz was to surrender what remained of the German armed forces the Germans came to the Allies and asked for terms—any terms when the German representatives were escorted across the desert of no man's land and taken to the famous Wagon Lits restaurant car in the Compiegne Forest where for almost two hours Marshal Ferdinand Foch loudly and slowly read out the terms of surrender And it was in terrible contrast to the scene that took place in the same railway car in 1940 when a jubilant Hitler dictated a harsh peace to the French This time Grand Admiral Doenitz from his headquarters—presumably located in Norway—contacted Allied Supreme Headquarters lachrymose officer who negotiated the surrender of the Germans in the north to Field Marshal Sir Bernard L Friedeburg arrived at Eisenhower's headquarters at Rheims on Saturday After the negotiations began it turned out that Friedeburg didn't have the power to offer unconditional surrender On Sunday Doenitz sent a man who did—a tall Jodl pleaded and argued through Sunday night—to no avail Early Monday morning the Germans gave in and agreed to the terms set by the Allies Correspondents were summoned to the 30- by 30-foot map-lined personal war room of General Eisenhower Lights blazed fiercely and throughout the ceremony photographers scrambled madly about Across a rickety wooden table Jodl and Friedeburg faced the Allied representatives—Lt looking weary after 33 hours of negotiating; Gen the breathless French Assistant Staff Chief accompanied by a translator with a bald head and a baleful eye which he fixed on the Germans At exactly 2:41 the signing of the four copies of the documents—one each for Britain Every muscle in his pockmarked face was taut with emotion the German people and armed forces are for better or worse delivered into the victors' hands both have achieved and suffered more than perhaps any other people in the world." Later on Tuesday the surrender was formalized between the Germans and Russians directly in Berlin with Marshal Gregory Zhukoff signing for the Soviets and Field Marshal Wilhelm Keitel The Reich had dropped to the lowest estate ever reached by a modern nation Grand Admiral Doenitz himself broadcast the requiem: "Soldiers of the German Wehrmacht...are starting out on the bitter road to captivity... The foundations on which the German Reich was erected have collapsed... The [Nazi] party has left the scene of its activities power has been transferred to the powers of occupation The issue continued with pages and pages of additional sections on the end of the war A sidebar on the page opposite described the reactions to V-E Day in London The news of victory brought joy to the hearts of men over most of the world London: "V-E Day was like Christmas," Mary Palmer of Newsweek cabled "Union Jacks and Allied flags hung from almost every building The war-weary people of Britain clogged the streets Piccadilly seethed with celebrating crowds who spewed from the sidewalks into the streets At one end of Shaftesbury Avenue I saw GI's doing an Indian dance in a circle of applauding admirers Somebody got hold of some Roman candles and shot them into the night sky Deep-throated boat whistles blended with nearer songfests of 'There'll Always Be an England,' 'Tipperary,' and anything else easy to harmonize "The London sky was reddened by the flames of victory bonfires Up and down the streets in the center of town GI's Many of them wore pink paper caps and swung rattlers wirelessed: "The first flash came at 10:41 p.m The word spread rapidly from mouth to mouth and the local newspapers soon had extras rolling hurrying to their quarters to escape the MP's but there was no hat throwing or back slapping 'That ought to hurry things over here against those Jap bastards,' said one." Paris: The French capital indulged in an emotional orgy Hundreds of thousands jammed the streets while planes dropped flares and fireworks popped and fizzed in the sky Police seized the first few extras because of the unauthorized story the air-raid sirens screamed for three minutes The government issued extra rations of wine Frenchmen once again treated the Americans and British as liberators The Front: The attitude of the men who won the war was summed up by a remark of an American soldier in Germany: "Well Newsweek described the reactions across the United States: Prayer and Cheers: The instinct of many Americans led them to churches to pray the emotional conflict was tableaued a few seconds after the first news flash gray-haired woman knelt in front of the St From the windows across the street a sudden flurry of ticker tape and shredded paper descended Workers en route to their jobs seemed to hesitate asking each other if it could be true—then went on to work crowds gathered around newsstands to buy the extras a heavy downpour of rain cut short a soggy shower of ticker tape Dallas suspended liquor sales for 48 hours—it was as quiet as Arbor Day Denver's 800 extra police stationed through the city had little to do Mayor Fletcher Bowron proclaimed: "This is not a holiday." He was taken at his word In thousands of smaller communities a different pattern was noted The calmness of routine small-town life was broken only by the pealing of churchbells summoning thankful people to prayer New York City provided the nation with a loud exception to the rule of sober relief the city's skyscrapers from Central Park to the Battery produced the heaviest shower of badly needed paper since the Lindbergh reception in 1927 (Official estimate: 1,000 tons trampled beyond salvage.) The garment district went crazy: with phone books and wrapping paper already shredded and hurled into the streets thousands of bolts of yard goods were unfurled and heaved out windows A half-million dancing and singing people jammed into the Times Square area crying: "It's over It's over!" Some servicemen took part; others disapproved "What are they hollerin' about—it ain't over," one said bitterly Mayor La Guardia put an end to the uproar with a chiding broadcast over loudspeakers demanding that the revelers return to work By 3:30 the city was virtually back to normal Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground Newsletters in your inbox See all Aniplex has started accepting orders for their Wilhelmina figure from the High School Fleet TV anime 24 event “High School Fleet Yokosuka Line-Crossing Ceremony” where fans could sneak a peek at a colored sample Wilhelmina Braunschweig Ingenohl Friedeburg commander of the German vessel Admiral Graf Spee Based on an illustration specially drawn for this purpose this cute figure shows the spirited deputy captain turning over her jacket proudly wearing the captain’s hat inherited from Captain Thea Her hat can be taken off to reveal her pretty blonde hair and she can also be displayed together with the 1/7 scale figure of Akeno Misaki as they have the same hexagonal stand Product InfoProduct Name: WilhelminaSeries: High School FleetScale: 1/7Height: approx 250 mm | 9.8”Specifications: ATBC-PVC painted figure w/ stand & removable hatSculptor: Shingo OzawaPrice: ¥13,000 (tax included)Distributor: AniplexReservation Period: Sept Source: PR TIMES Der Link wurde in die Zwischenablage kopiert. Ein akustischer Denkraum: über Alltägliches und Akademisches, über Sinn und Unsinn. the private sector participation is very important She made this disclosure at the special year-end edition of The Development Podcast, featuring her and the President of the World Bank, David Malpass, where she shared her thoughts on some critical events that happened in year 2020 and reflected on key priorities that would drive the global economy towards a resilient recovery in 2021. According to Stephanie von Friedeburg, “I think the private sector is probably more important now than we’ve ever been in helping the global economy kick-start growth, as we emerge from this pandemic. And I say that because I’m sure we’ll come to this later, but we know there’s just limited fiscal space in our countries of operation and especially in the poorest countries in the world. “Governments don’t have the capacity to continue to create the economic growth and the jobs that are needed for the citizens in those countries. And so the private sector can and must play a super important role. But even before the crisis, we knew that in those poorest countries, finding ways for the private sector to intervene was extremely difficult.” According to IFC Boss, Stephanie von Friedeburg: Save my name, email, and website in this browser for the next time I comment. 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Be sure you have your GPS enabled and try again. the UK’s development finance institution and impact investor today announced the signing of a $100 million risk-sharing facility with Citi to support the trade finance needs of SMEs and corporates in frontier and emerging African economies The initiative was announced during a signing ceremony in Washington at the World Bank’s Spring Meetings and is expected to provide a boost to businesses with high-potential but limited by a lack of finance The investment seeks to address the critical lack of foreign currency in the region by providing trade finance liquidity to Citi’s extensive network of commercial banks enabling financial institutions to increasingly support African businesses with imports of key commodities such as wheat The BII and Citi facility will help local businesses in underserved markets to finance the import of economically productive goods essential equipment and machinery supporting the emergence of manufacturing industries in frontier and emerging economies The funding comes as local businesses struggle to secure key imports due to challenges precipitated by the COVID-19 pandemic and the Russia-Ukraine war rising interest rates and an increase in commodity prices the trade finance gap in Africa has increased by approximately a third since the onset of the pandemic climbing from $81 billion in 2019 to $120 billion in 2023 BII has supported businesses in Africa since 1948 and Citi opened its first office in the continent in 1920 The new facility leverages their combined expertise and will potentially deepen Citi’s relationships with over 200 local banks who in turn can empower ambitious companies facing severe funding constraints in harder-to-reach markets The UK’s Minister for Development and Africa Andrew Mitchell said: “This investment underlines BII’s commitment to supporting fragile economies across Africa in accessing vital goods to support food production including fertiliser and agricultural machinery By investing in countries where support is most needed BII continues to take a lead in the fight against food insecurity.” said: “Our investment with Citi deepens BII’s footprint across the continent and supports local businesses struggling to maintain and expand operations due to a lack of capital The facility is testament to our commitment to tackle complex issues such as food security in Africa by extending liquidity solutions to strategic sectors This empowers local businesses to strengthen supply chains and accelerate the flow of essential trade.” said: “Citi is proud to work with BII in seeking to strengthen trade and food security in frontier and emerging African economies Today’s announcement brings together BII’s long history of support in the region with Citi’s unique cross-border vantage point we understand the transformative potential of global trade and are committed to bringing solutions that facilitate critical investments to enable economic growth.” This investment contributes to the United Nations’ Sustainable Development Goals 1 and website in this browser for the next time I comment Brandtimes is the number one platform for latest brand news. Brandtimes showcase all the happenings in the brand world. The present, the past and the future are all about time, Brand Times takes the world on a journey of fun, education, information and exclusive brand news. Brandtimes is the number one platform for latest brand news. Brandtimes showcases all the happenings in the brand world. The present, the past and the future are all about time, Brand Times takes the world on a journey of fun, education, information and exclusive brand news. Our platform is colourful and enriched with well researched reports. We lead while others follow, we take the extra mile to give you the very best of news, analysis and entertaining reports. We are already connecting brands to customers and customers to brands and other target markets to their respective partners. From Nigeria, Africa’s largest economy, we are simply connecting brands to the world. For enquiries, partnership or events, email us at brandtimesmail@gmail.com or info@brandtimes.com.ng 1993 WEDDINGS The Billings Gazette Bob Abbott RANDELL AND ANGELA JOHNSON Ruffatto Johnson BOZEMAN Angela Ruffatto and Randell Johnson were married at the Gallatin Gateway Inn in Bozeman Parents of the couple are Mary Frances and Steve Ruffatto The bride graduated from Montana State University in Bozeman The bridegroom graduated from MSU with a degree in architecture The couple honeymooned at a resort near Coeur d' Alene Belmont Studio MICHELE AND ROY GAIRRETT Kautzman Garrett Michele Kautzman and Roy Dale Garrett were married in St on the same day as the bride's parents were married on 43 years ago Father David Reichling officiated at the ceremony Parents of the bride are Barbara and Cornelius Kautzman The bridegroom's parents are Katherine Garrett The bride graduated from Huntley Project High School and is majoring in elementary education at Eastern Montana College The bridegroom graduated from Billings Senior High School works for Eagle Systems in Billings Classic Photography TORI AND ROBERT JEWELL Barta Jewell Tori Lynn Barta and Robert John Jewell were married in St Parents of the bride are Monica and Clarence Barta The bridegroom's parents are Janette and Ronald Sims The bride graduated from Billings West High School and is a teacher at Little People's Early Learning Circle in Bozeman The bridegroom graduated from BWHS and is attending Montana State University in Bozeman Baumgartner Weller Studio NIKKI AND MARK SNEDIGAR O'Donnell Snedigar Nikki O'Donnell and Mark Snedigar were married in the Shiloh United Methodist Church in Billings Parents of the couple are Sharon and Jeff O'Donnell The bride graduated from Billings Senior High School and is majoring in business at Eastern Montana College The bridegroom graduated from Billings West High School and is an assistant manager for Genesco in Billings The couple honeymooned at Fairmont Hot Springs and lives in Billings Betty Hedges BRENDA AND RICK KRAFT Kindsfather Kraft Brenda Kindsfather and Rick Kraft were married in the Pilgrim Congregational Church in Billings Parents of the couple are Jackie and Gary Kindsfather The bride graduated from Laurel High School and is a secretary for Montana Food Brokers The bridegroom graduated from Laurel High School and is a farmer The couple lives on their farm near Billings BRYAN AND CARRIE Bruce Pitcher KLEIN Hamilton Klein BOZEMAN Carrie Hamilton and Bryan Klein were married in the Resurrection Parish in Bozeman Father Larry Delaney officiated at the ceremony Parents of the couple are Sandi and Roger Hamilton The bride graduated from Belgrade High School and is an assistant manager for Jensen Jewelers in Billings The bridegroom graduated from Eastern Montana College with a degree in finance The couple honeymooned in Glacier National Park and lives in Billings JENNIFER AND LANCE GORDON Lynn Scheeler Photography Chuck Walter JOETTE AND JERRY LARSON AMY AND SHANE FOWLER Snellman Gordon Jennifer Snellman and Lance Gordon were married in the Mount Olive Lutheran Church in Billings Parents of the bride are Cheryl and Thomas Snellman The bridegroom's parents are Pam and Bob Edwards The bride graduated from Billings Skyview High School and is majoring i in at Eastern Montana College The bridegroom graduated from Skyview and is a sales representative at Homestead Hyundai and Subaru in Billings The couple honeymooned at Glacier National Park and lives in Billings TNT Photography ANN AND MARTY GUSMAN Wolff Gusman Ann Wolff was escorted down the aisle by her brother when she married Marty Gusman in the Hope Lutheran Church in Lockwood The bride graduated from Billings Senior High School and is an office worker The bridegroom graduated from Senior and is a carpenter The couple honeymooned in Hawaii and lives in Auburn Cetrone Studio ELIZABETH AND SCOTT MONSON Horan Monson Elizabeth Ann Horan a and Scott Allan Monson were married in the First United Methodist Church in Billings Parents of the couple are Marilyn and James Horan and Jackie and Bruce Monson The bride graduated from the University of Montana School of Pharmacy in Missoula The bridegroom graduated from Billings West High School and works for the Billings Clinic The couple honeymooned in Barbados and lives in Billings Gillett Dreyer LAUREL Aurora Gillett and Matthew Dreyer were married in Our Savior's Lutheran Church in Laurel Parents of the couple are Linda and Steve Gillett The bride graduated from Laurel High School and attended the University of Montana in Missoula She is a waitress at the Yellowstone Country Club in Billings The bridegroom graduated from Laurel High School and attended Worcester Polytechnic Institute in Worcester Rawlings Stephanie Ann Rawlings and Arnim von Friedeburg were married in St Father Thomas Turnbull officiated at the ceremony Parents of the bride are Patricia and James Rawlings The bridegroom's parents are Ingrid von Friedeburg The bride graduated from Georgetown University in Washington and the University of Pennsylvania Wharton School of Business in Philadelphia She is an investment officer for the International Finance World Bank in Washington The bridegroom graduated from Boston University in Massachusetts SAVE Wedding Invitations THAT'S NICE 125 Broadwater 259-5000 Treasure State Costume Formal Wear Highest Quality At Lowest Cost SALES Wedding Gowns Veils Hats RENTALS Tuxedos Attendents' Dresses Out of town orders And More given prompt 9-6 M 245-3593 Sheri Johnson TAMRA AND DARRIN BOLZ Tamra Wilson and Darrin Bolz were married in Rose Park Justice of the Peace Pedro Hernandez officiated at the ceremony Parents of the bride are Sandra and James Crouse The bridegroom's parents are Stephanie Peterson The bride graduated from Shepherd High School and is a manager for Heros in Billings The groom graduated from CarImont High School in Belmont and is an airline caterer for Host International in Billings They honeymooned at Big Sky and West Yellowstone and lives in Billings Dave Weis Photography AURORA AND MATTHEW DREYER They honeymooned in Yellowstone National Park and live in Bill- von Friedeburg Wilson Bolz Alsa Photography STEPHANIE AND ARNIM VON FRIEDEBURG and the University of Pennsylvania Wharton School of Business with a degree in marketing He is a marketing manager for CPC International in London The couple honeymooned in the South of France and Spain and lives in London Elliott room Luxurious Suite 2- INN with 1 Jacuzzi AD for Special EXIT 446 Alterations Relining Repair Of: Coats Jackets Hems SPIC SPAN CLEANERS 8th Custer 245-3521 JCPENNEY STYLING SALON PERM PLUS Now through July 31 plus a certificate worth 3.99 off your next complete salon service PAUL Savings regularly off priced perms $45 and up Long hair and design wrap additional charge A WHOLE NEW LOOK MICHELLE AND SCOTT MAURER Wilson Maurer BOZEMAN Michelle Wilson and Maurer were married in the Evangelical Free Church in Bozeman Thomas Maurer and the bride's parents provided music and original poetry during the wedding Parents of the couple are Nancy and Don Wilson The bride graduated from Bozeman High School and is majoring in music education at Montana State University in Bozeman The bridegroom graduated from Laurel High School and is majoring in elementary education at MSU The couple honeymooned in Gla-: cier National Park and lives in Boze-: man Oswald Larson LAUREL Joette Nicole Oswald and Jerry Cliff Larson were married in St Father Charlie Gorman officiated at the ceremony Parents of the couple are Debbie and Malyn Oswald The bride graduated from Joliet High School and Denver Business College with a degree in business marketing and management She is a credit clerk for Montana-Dakota Utilities Co The bridegroom graduated from Senior High School and is a warehouse worker for NAPA Auto Parts Peterson Carlson RED LODGE Brenda Rae Peterson wore a mermaid-style gown of her own design when she married Steven Frank Carlson in a garden wedding at her parents' home in Red Lodge The bridal party followed in a covered wagon Parents of the couple are Beulah and Leo Peterson The bride graduated from Bridger High School and Montana State University She has her CPA license and is an auditor with McFarland Alton in Spokane The bridegroom graduated from Christensen Fowler RED LODGE Amy Christine Christensen and Shane Ray Fowler were married in the Canyon Wedding Chapel in Red Lodge Parents of the couple are Peggy Christensen The bride attended Billings Skyview High School and is majoring in nursing at Montana State University in Bozeman The bridegroom attended Billings Skyview High School and is majoring in industrial technology at MSU He works for Perkins Restaurant in Bozeman They honeymooned in Yellowstone National Park and live in Bozeman BRENDA AND STEVEN CARLSON Marysville-Pilchuck High School in Marysville and the University of Washington in Seattle He is a sales representative for GTE Directories in Spokane Coming The winners of The Billings Gazette's Beat the Heat recipe contest will be announced in the July 28 edition BRIDAL REGISTRY of the total purchased gift items selected from the registry go towards a gift certificate for the bride JULY July 24 Alisia Arredondo Chris Allen Kelly Emmerick Darwin Rowton Lori Joseph Mike Walton Puckett Jim Sanderson Roxi Samson Dave Cobb July 30 Renee Prentice Jim Ahlquist July 31 Joni Earll Richard Jacobs Chandler Joel Sander Vicki Johnson Bill Stocker Jennifer Hatley Brett McCullough Shavon Hooker Don Cape Jr