On April 29th in Nairobi, Kenya, Bridgewater Associates CEO Nir Bar Dea announced a new strategic partnership with Global Citizen to support the World Bank’s International Development Association’s 21st replenishment round (IDA21).
For nearly 50 years, Bridgewater has been mapping out the cause-and-effect linkages that underpin the world’s economies and markets, from shorter-term drivers like credit cycles to longer-term ones like productivity, demographics, and debt cycles. That mapping helps us understand where the world is going, which we use to advise our clients and build investment portfolios. It also allows us to see how different decisions—from policy makers, businesses, consumers, etc.—could send us down alternative paths.
Through this partnership, Bridgewater will publish a series of new research studies to provide data and insights into the economic potential of the African continent while Global Citizen leverages its expansive network to galvanize individual and collective advocacy in support of IDA21 replenishment, with the goal of securing an additional $5-6 billion annually for the fund.
This work will culminate in an economic summit in Côte d’Ivoire from October 9-10, which will bring together public and private sector leaders and civil society to discuss economic growth.