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Ludvig Nobel Prize Ceremony and the City of St. Petersburg

St. Petersburg is a city that hosts record number of art work in the Guinness Book of Records at the Hermitage Museum. The world’s largest collection of paintings at the Hermitage Museum  is a state museum. It was founded in 1764 by  the Tsarina Catharina 2. also known as  Catharine the Great.The collection stayed for a  some time in the form of private collection of the palace so only few people could have visited. The collection was opened for the public in 1852, more than 88 years later and more than two generations have passed. During the siege of the city in the Second World War, in 1941, the art objects were moved to another city and reinstated again in 1945. The museum has about 3 million works of art. Works are starting from the stone age. Catherine the Great in addition to the museum she had built, she opened the first Russian Art…

IWF – International Women Forum Conference in Barcelona

I was in Barcelona on April 9 -12 for IWF Cornerstone Conference. Before the opening of the conference, there was another meeting held, which was IWF Presidents’ Council Meeting. After the opening speeches the topics included a new video made by IWF Global in order to present the value proposition of IWF. It will be sent around by the Global President Deborah Trudeau. I believe it is good news and it will need to be translated into Turkish. IWF Turkey’s Founding President Funda Sivrikaya appears in the video with a great look. If IWF Turkey’s past term President Aytül Erçil was also there, I couldn’t frankly catch while watching. It gives us one more great reason to watch.  The second topic was the Forum to Forum Connections, and it is a must for attracting new members and especially young members. We may establish forum to forum connections as IWF Turkey. There…

Handle the Economies with Care, Spring Meetings 2019, Washington DC

The Managing Director of IMF Christine Lagarde said that the “economies need to be handled with care.” Last year she had said to the Finance Ministers that “it is when the sun is shining you have to fix the roof” borrowing the sentence from the President John F. Kennedy.  In January, in Davos, the Managing Director had announced a further downward revision of the forecast. The world economy is growing more slowly than expected and risks are rising. At that time the goal was declared to make economies more resilient and more inclusive as well as the need to increasing collaboration were mentioned. From January to April there appears no sunshine in the economy. Now, only 70% of the global economy is expected to experience a slowdown in growth, while no recession is expected. While the 2019 Q4 may even bring better news, however it is now a delicate moment for the global economy. It was described as…

A very good development to watch out: 30% Club

Brenda Trenowden, Global Chair of 30 Percent Club was in Turkey on March 30, 2018. In 2015, Brenda took over from Helena Morrissey as Global Chair of the 30% Club. Brenda has experience in the capital markets, banking and in financial institutions as well as the Boards she has been serving. Among many other many important interventions Brenda explained a very similar experience that I have gone through. When you are the only person in the Board, it is difficult. Even when you are two women on the Board, still nothing is solved. The other members can’t even remember who had said what, but they recall that “one of the women members said so and so” kind of attitude. Why can’t men differentiate between the two women who are sitting on the Board, when women don’t – or can’t – confuse 7 men sitting in the Board? I could never understand this. So,…

WEF 2018 Davos, Women and W20 in a Fractured World and Digital Transparency to Enlighten Us All First

WEF 2018 Meetings in Davos  In Davos, the concept of the year was “women.” But, the topic that followed or perhaps even somewhat surpassed the topic of gender equity was the fact that President Trump was coming to Davos for the first time and “what shall he be saying to the whole world?” After Christine Lagarde, Executive Director of IMF, announced that the estimate for the world’s economic growth has been raised to 3.9%, all the eyes to turned to President Trump. In the meantime, a serious number of people had quite valuable addresses on different grounds. I should mention a few that I could follow. One is Chancellor Angela Merkel and her comments on data and the information economy by asking “who owns the data?” And she stressed that ownership of data should not challenge participatory social model and economic prosperity. Between her address and French President Emmanuel Macron’s address,…

The Women Entrepreneurs’ Platform of Pakistan

I have visited Pakistan during the first half of November 2017 for a few days and attended the Launch of Pakistan Women Entrepreneurs’ Network for Trade (WE-NET) in Karachi. The heroes of this Launch were World Bank Group and the High Commission of Australia and Yasmin Hyder. It wouldn’t have been possible without their support and enthusiasm. Opening speeches of the Launch were made by Patchamuthu Illangovan, the Country Director of the World Bank Group for Pakistan and HE Margaret Adamson, the High Commissioner of Australia in Pakistan. Following these two keynote speakers, I made an opening address at the launch as the Founding President of W20 and Past President of KAGIDER. I touched upon the need for enhancing networking and networks for women all over the world and the need to end poverty and sustainable growth for countries, through pulling all resources of the country, especially women, in order…

Supporting Working Parents: Tackling Childcare, a big step forward

World Bank and IMF every year hold joint meetings to bring together central bankers, ministers of finance and development, private sector executives as well as civil society and academicians to discuss global issues of concern in order to increase global awareness and attention about them and eventually to solve them. This year World Bank President Jim Kim said in his plenary speech that the meetings have the objective of discussing critical challenges that affect the lives of billions around the world. He said that we need to accelerate inclusive and sustainable growth by building resilience to the shocks and threats and by investing more in people. This issue of investing more in people, I hope, will involve more women and in overall it will make us all gender balanced. Executive Director of IMF, Christine Lagarde, said in her plenary speech “Let’s empower women by providing support for greater participation in the…

APEC Leaders’ Summit

APEC APEC (Asia-Pacific Economic Cooperation) is a regional economic business association organization that aims to increase the trade and investments of the countries, coastal to the Pacific Ocean from Asia and America. Established in 1989 by 12 founding countries, APEC now consists of 21 member economies that produce about 60% of the world economy. This year the Annual APEC Leaders’ Summit was held in Vietnam. VIETNAM The Socialist Republic of Vietnam is located further east of China’s Indochina Peninsulastretching, and stretches from Southeast Asia to the South China Sea along the coast. In the west, land neighbours are Cambodia and Laos. The country is managed by one party administration – the Communist Party of Vietnam. Vietnam, along with Laos and Cambodia which is referred as Indochina, was ruled by France in the 19th century. After Japan’s occupation of Vietnam in 1945, the Communist leaderHo Chi Minh declared the Republic of Vietnam. In 1954, France…

LIFTING THE CLOUDS ABOVE THE ECONOMY

TÜSİAD ve Dünya Bankası’nın 12 Haziran 2017 de Istanbul’da düzenlediği toplantıda Dünya Bankası’nın “Haziran 2017 Küresel Ekonomik Beklentiler” raporu tanıtıldı. TUSIAD in cooperation with the World Bank Group has presented the report of the World Bank called “Global Economic Prospects: a Fragile Recovery” on June 12, 2017 in Istanbul. In his opening speech of the meeting the World Bank’s Country Director for Turkey, Mr. Johanness Zutt, mentioned that financial market disruption risk still exists. Therefore, the solution is to rebuilt the country’s financial buffers. Increasing the country’s trade and productivity will enable access to sustainable growth. Turkey had a series of difficult years recently. Following the two elections, an attempted coup and the referendum weren’t the best help to the economic progress. It is observed that an excellent opportunity for sustainable growth exists in Turkey. The plausible cures are the tourism to recover and somewhat higher level of investments. The…