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The landscape of development finance is changing rapidly. Traditionally, international financial flows moved from developed countries to developing countries. In the last decade, however, major emerging economies such as China and Brazil have fueled a growing trend of South-South development flows by increasingly channeling their overseas investments to other developing countries.

For the last five months, a severe drought in central China has brought water levels in the Yangtze River to near-record lows. The drought’s impacts -- from threatened drinking water supplies to disruptions in manufacturing -- have rippled through the population and economy of China. They are a reminder of the diverse and complicated ways in which water, or the lack thereof, can pose risks for companies, investors and policy makers.


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Aboard the Calypso

Here I am sitting on a Zodiac raft while it hangs on the Calypso docked in port somewhere.


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