Interlink's Senior Adviser for Africa Adama Gaye reported on Morrocco's return to the African Union after a 32-year absence. He also recaps last year's African Action Summit hosted by the nation in Marrakesh. Read part I here, and part II here.
Interlink Managing Director Alan Beard shares his thoughts on the contentious political debates on free trade and climate change, stressing the need to not overly put trust in theoretical models and expert opinions over common sense.
Interlink Vice Chairman Peter Watson recently spoke at CSIS Headquarters as part of "The Evolving Role of Overseas Investment" panel. Click here to view the full panel discussion. For a five minute highlight, click here.
Interlink's partner in the Geothermal Development Foundation for Latin America (GDF) has created short introductory videos on GDF. In addition, they created a series of videos explaining the science and technology behind geothermal energy itself.
This week, New Energy Events spoke with Chris McCormick, the Chief Investment Officer of the Geothermal Development Facility for Latin America, to better understand the details surrounding the new fund, and how he expects the GDF will impact the development of geothermal projects across LAC.
The US$50m fund, established by the German Federal Ministry for Economic Cooperation and Development (BMZ), via KfW, is structured to address the roadblock issues associated with the early phase development of geothermal projects. McCormick anticipates applications to the fund from both private developers and public sector entities.
In an era of falling solar and wind prices, progress for geothermal has slowed. McCormick suggests, however, that the GDF reduces the risk on the equity portion of a project thus making geothermal more competitive with other forms of renewable energy. In short he believes that the GDF gives geothermal a fighting chance in today’s highly competitive environment.
The GDF has been built on lessons learned from another KfW grant program, the Geothermal Risk Mitigation Facility for Eastern Africa. According to McCormick, “Latin American countries targeted with this fund are more advanced and we anticipate the GDF will be more successful … than the GRMF has been.”
Listen to the full interview for more details on the GDF. Stay tuned for news on GEOLAC 2017, dates and venue to be announced shortly!
Link to the Interview
Interlink's Jozsef Szamosfalvi co-authors paper on effectiveness of the World Trade Organization with Georgetown University's Dr. Michael Czinkota
World Trade Organization Impact and Effectiveness: 20 Years On
"This paper explores what the World trade Organization (WTO) has achieved in providing trade based guidance. Since its inception twenty years ago, the changing landscape with new technological advances has affected the organization's ability to create effective platforms for negotiations. As the WTO has become a target of criticism, the authors debate whether the organization is losing its ability to deal with newer and more complex trade issues. A key question posed is whether WTO's long-term mission is likely to be positively or negatively affected by both multilateral and bilateral trade negotiations."
Shakespeare’s straitlaced and starchy Malvolio, while being pranked by Maria, Sir Toby, and others, read the following that lead to his future humiliation, “some achieve greatness, and some have greatness thrust upon them.” Perhaps The Export-Import Bank of the United States (EXIM) can relate somewhat by feeling that “some have [change] thrust upon them.”
This article does not seek to debate the virtues or evils of EXIM as most opinions are very entrenched and unlikely to change; rather it explores some of the effects of the ongoing fight.
We published the below article two years ago this week. Much has happened since that time, including the U.S. Ex-Im Bank shutting down for six months as it fought for its survival. The framework agreement as explained below is still in place, but how much is it fulfilling its purpose?
Selling more to China has been one of the hottest topics since the beginning of the Obama Presidency. Though exports to China have trebled since an agreement to support U.S. manufacturers was reached in 2005, the trade deficit continues to grow. A renewed push from within China is providing hope for accelerating U.S. export growth.
Many companies long to enter a rapidly expanding market. Frontier markets typically represent excellent growth opportunities for the right companies. So, why is there not more western firms seriously seek to enter these market? Perhaps fear and lack of understanding of the market play major factors.
The perception of corruption in these markets does not engender confidence to a business leader deciding whether to spend limited resources to enter new markets. It should be noted, however, that perception often differs from reality and should never be universally applied.
Interlink's Alan Beard has over 30 years of international trade experience and he recently shared his expert opinion on Donald Trump's strategy for US trade, and why Trump's plan wont fix it. "Who knows if Trump really means what he says? Or is he just another leader selling hope and change to a purple America?"
You can read the entire article here: Trump Has A Point On Trade, But His Plans Won't Fix It