“Developing countries need trillions of dollars annually to meet the basic requirements of the sustainable development goals. At the same time, institutional investors, with often double-digit actuarial hurdle rates, have put a whopping $18 trillion into negative yielding government bonds. UNCDF can be an important part of creating opportunities to put that capital to much better work, in ways that accrue deep benefits to both sides, which is why I’m excited to be a part of this advisory council.”
Staci Warden is the executive director of Global Market Development at the Milken Institute, where she leads strategic initiatives on developing capital markets, innovative finance, FinTech for financial inclusion, and access to capital. She co-founded a global program to train and mentor policymakers in financial policy.
Prior to the Milken, she spent six years with JPMorgan in London, where she led its public sector client franchise in EMEA and two years in New York on the sovereign Debt Capital Markets team. Before JPMorgan, she was a director at the Nasdaq, where she ran its two markets for micro-cap companies. At the U.S. Treasury, she ran its international debt-for-nature restructuring program. She was the startup COO of the Center for Global Development, and prior to that worked as an economist at the Carnegie Endowment and the Harvard Institute for International Development.
Ms. Warden has worked in over 50 countries and has served as a ministerial-level advisor on capital market development, sovereign-wealth management, and poverty reduction. She chairs the Board of the Rwandan Capital Markets Authority and sits on the Boards of the Global Blockchain Business Council and the Energy for Growth Hub.
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