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Top related persons:
Christopher Sheldon - 1 Daria Sito - 1 Christina Fincher - 1
Top related locs:
SARAJEVO Montenegro Bosnia
Top related orgs:
World Bank - 1 European Union - 1 Thomson - 1

Search resuls for: "Christopher Sheldon"


2 mentions found


☆ EU aspirant Montenegro must adjust its growth strategy, says World Bank
  + stars: | 2023-06-27 | by ( ) www.reuters.com   time to read: +2 min
SARAJEVO, June 26 (Reuters) - Unless EU aspirant Montenegro adopts a new economic growth strategy that would boost productivity and human capital, its incomes will not converge with average EU levels in the next 40 years, the World Bank warned on Tuesday. The bank said that stagnant productivity growth was caused by market inefficiencies in the service sector which represents over 70% of GDP, and that Montenegro needed to remove regulatory barriers for firms to enter markets and grow. Most companies lack innovation and invest little in green technology which is needed to sustain tourism growth and develop Montenegro's comparative advantage in clean energy. In addition, Montenegro must tackle its income inequality which shrinks the pool of future skilled workers and entrepreneurs and limits its labour productivity growth potential, the bank said. "By implementing these reforms, Montenegro can expect a thriving private sector, significant job opportunities and ultimately improved wages and benefits for all its citizens," said Christopher Sheldon, World Bank Country Manager for Bosnia and Montenegro.
Persons: Christopher Sheldon, Daria Sito, Christina Fincher Organizations: World Bank, European Union, Thomson Locations: SARAJEVO, Montenegro, Bosnia
☆ Analysis: Private equity steps up lending as US banks pull back
  + stars: | 2023-05-22 | by ( Tatiana Bautzer Saeed Azhar | Tatiana Bautzer | Saeed Azhar | ) www.reuters.com   time to read: +5 min
"With loan terms tougher and tighter, the option for private credit providers is on steroids," said Drew Schardt, head of investment strategy at Hamilton Lane, one of the largest investment firms in private markets. Pietrzak sees "attractive" assets in auto and consumer lending. POISED TO GAIN SHAREInvestors providing private credit comprise 12% of the $6.3 trillion U.S. commercial credit market, according to Fitch Ratings. "The tightening of lending standards creates opportunities for private credit to gain share," said Lyle Margolis, Fitch's head of private credit. While private credit funds have grown swiftly, the risks they pose to the financial system appear limited, the Federal Reserve wrote in a report this month.
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