Bridgewater and Global Citizen CEOs support World Bank's campaign to replenish its coffers [Fortune]
Mastercard Incorporated (MA)
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Source: Fortune
in partnership with the government of Côte d'Ivoire and Harith General Partners in Abidjan on Oct. 9 and 10. What's surprising is why: to support the 21st Replenishment of the World Bank's International Development Association (IDA21). That's the process, once every three years, in which donor countries are asked to fund grants and low-interest loans to 75 of the world's poorest economies. World Bank President Ajay Banga has asked countries to step up financial support for IDA21 at a time when public support for foreign aid is muted, divided, and distracted by everything from domestic elections to geopolitical tensions around the world. National debt levels have soared amid higher interest rates, with more defaults in the past three years than the prior 20. At the same time, Gen Z adults are increasingly skeptical about capitalism but influenced by celebrity , which creates an opportunity for business to shift the narrative. Global Citizen CEO Hugh Evans's message to young people
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