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José de Luna Martínez
Senior Financial Economist
The World Bank
ADFIAP’s 35th Annual Meeting Istanbul, Turkey, April 25-27, 2012
Together, BRICS account for:
One third of the world’s population
One fifth of global GDP
In the future, BRICS are expected to be:
Increasing source of global economic growth
Growing geopolitical actor
6,906
9,191
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
1950 1960 1970 1980 1990 2000 2010 2020 2030 2040 2050
Rural Population Urban PopulationNumber of Persons
(million)
Source: UN
+ Demographic changes‣Increased longevity, affecting health costs, pensions, savings; shrinking workforces‣China: by 2035, 25% of the population (350M) will be seniors‣Japan, Russia, and EU: population is shrinking‣SSA: growing. By 2050 population will double = 20% of world population‣Middle East – youth bulge and bust+ Urbanization‣By 2020, 80 of the world’s 100 largest cities in developing countries+ Demand for commodities‣China consumes half the world’s cement; half the world’s pigs; almost half the world’s iron ore and steel; over 40% of the world’s aluminum, zinc, and lead; a third of the world’s soybeans and eggs‣China’s demand will eventually ease – but India, and others, will be next
Agriculture
Infrastructure
International trade
Industry
Housing
Tourism
Agriculture
Infrastructure
International trade
Industry
Housing
Tourism
Promote economic
development
Loans
Guarantees
Advisory services
Technical assistance
Households
SMEs
Local governments
Large corporations
Financial institutions
InstrumentsSectors Clients
Loan Portfolio of DFIs(per trillion $U.S.) DFIs’ Loan Portfolio Growth
By Region (2007-2009)
Region %Asia 72%Americas 70%Africa 60%Europe 12%
36%
WB Survey on DFIs revealed there is room for improvement:
•Corporate governance•Risk management•Monitoring and evaluation framework•Profitability and financial sustainability of DFIs