The imminent departure of Donald Trump from the White House has raised the question of the role that Joe Biden will play as the leader of the single largest shareholder in the multilateral financial institutions. These include the International Monetary Fund, World Bank Group and the regional development banks. Leading analysts told me there are grounds for optimism over enhanced debt relief for the poorest countries, recapitalisation of many IFIs and further action on the climate change agenda. The article is here.
Phil wrote a number of stories about the World Bank for the London financial magazine Global Capital during a tumultuous week that saw the president of the world’s largest development lender quit in a shock move. Jim Yong Kim announced he would step down as bank head on 1 February, three years ahead of schedule, to take a role as partner of a private infrastructure firm.
Global Capital ran an instant reaction story on the day he quit which was followed by a longer analysis of the reasons why he might have left, controversry over taking a private sector job in the same area as the bank, and speculation over whether Donald Trump would be able to impose his choice of replecemernt. Phil also covered a report by the Center for Global Development highlighting strong lending to China despite US pressure to issue more targetted loans
We were asked by Grosvenor, the international property company, to help mark the 10th anniversary of their groundbreaking re-development of the centre of Liverpool that the city is marking this year. We worked with senior executives at Grosvenor and visited the city to help craft an account of its redevelopment that would show what a significant achievement it was
Grosvenor were determined that Liverpool ONE would show that idea of place can be a driver for large scale, city centre urban regeneration. They worked to develop the project in such a way that it seamlessly linked the development to the city’s existing grain and street pattern rather than build a single, monolithic block that followed the design of one master planner.
The result is a 250,000 m² development that Grosvenor Europe now manages, includes more than 200 shops, some 700 apartments, two hotels, 25 restaurants, a 14-screen Odeon cinema, four office buildings, a unique five-acre public park, 2,000 car parking spaces and a public transport interchange.
The report appears as a blog on the front page of the Grosvenor website that carries a great deal of other material about ONE.