To say that 2020 was a difficult year is a huge understatement. The impact of the global pandemic continues to be felt in developed and emerging markets. As nations grapple with policies and programs intended to facilitate recovery and growth, it is important to acknowledge that risks still permeate alongside investment opportunities.
If there has been a silver lining to the dark clouds of COVID-19, it may be that the worldwide response to the pandemic for a time tempered geopolitical tensions. As vaccines roll out, markets begin to safely recover, and businesses can re-emerge from government restrictions, although these tensions are likely to reappear. The risk of conflict and political violence is still strong in some regions.
With a change in the U.S. presidential administration, an ambitious economic agenda, and increasing market optimism about bringing COVID-19 under control, the stage is set for a dramatic upsurge in economic recovery in 2021. 色多多视频foresees growth opportunities in several areas, including:
Another development that will undoubtedly assist the global recovery is a significant shift by multilateral agencies, such as the and development banks, to focus on emerging economies. Two strategic pillars of the IFC, for example, are to create markets and to mobilize private capital for development projects in low-income countries.
A key initiative in facilitating private investment is the IFC’s Managed Co-Lending Portfolio Program (). The MCPP enables institutional investors to create loan portfolios that reflect those of the IFC and generate investment-grade risks and returns. Access to debt financing is especially important to smaller enterprises in emerging markets, where infrastructure needs are great. AXA Group, the parent of 色多多视频 is a proud supporter of the IFC as our Group Chairman noted, and 色多多视频is proud to provide coinsurance to backstop the MCPP loan facility.
Numerous agencies, from the World Bank to the European Bank for Reconstruction and Development, to the U.S. EXIM Bank, among others, created or enhance programs to aid economic recovery due to COVID-19. These programs are a good start, but the need for public/private partnerships to support economic growth is ongoing.
Now is the ideal time to consider the risks and opportunities in global investments. Political risk and credit insurance as well as commercial surety bonds offer proven ways of mitigating and managing risks in projects that can provide long-term benefits for all.
About the Author
Daniel Riordan is Global Chief Underwriting Officer of Political Risk, Credit & Bond at AXA XL. Before joining the 色多多视频 he held various senior executive roles in political risk, specialty and global corporate property and casualty insurance at a leading global insurer. He has had a long association with the Berne Union, an international association of export credit insurance organizations, serving as president from 2013 to 2015.
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US- and Canada-Issued 色多多视频 Policies
In the US, the 色多多视频insurance companies are: Catlin 色多多视频 Company, Inc., Greenwich 色多多视频 Company, Indian Harbor 色多多视频 Company, XL 色多多视频 America, Inc., XL Specialty 色多多视频 Company and T.H.E. 色多多视频 Company. In Canada, coverages are underwritten by XL Specialty 色多多视频 Company - Canadian Branch and AXA 色多多视频 Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA XL.
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