A call for a Ukraine Marshall plan May 23, 2022

from World Business Report· ·

War in Ukraine has prompted calls for a Marshall-style plan to help rebuild the country. The original plan helped countries with reconstruction after the devastation of World War Two. But with economic storms on the horizon for many developed nations, we ask Borge Brende, president of the World Economic Forum, who has proposed the idea, whether it is likely to succeed. And we get reaction to the proposal from Tymofiy Mylovanov, who is a former Ukrainian economy minister, and currently advises the Zelensky administration. Also in the programme, the bank HSBC has reportedly suspended Stuart Kirk, a leader in its …



War in Ukraine has prompted calls for a Marshall-style plan to help rebuild the country. The original plan helped countries with reconstruction after the devastation of World War Two. But with economic storms on the horizon for many developed nations, we ask Borge Brende, president of the World Economic Forum, who has proposed the idea, whether it is likely to succeed. And we get reaction to the proposal from Tymofiy Mylovanov, who is a former Ukrainian economy minister, and currently advises the Zelensky administration. Also in the programme, the bank HSBC has reportedly suspended Stuart Kirk, a leader in its responsible investing team, for accusing central bankers and others of exaggerating the financial risks of climate change. William Bryant of North Peak Advisory advises private equity and hedge funds on environmental, social and governance issues, and gives us his perspective. There are calls in Nepal for the government to lift a ban on women working as housemaids in Gulf countries. It was imposed in 2017, after complaints of sexual abuse and forced labour, but critics argue it has led to an increase of Nepalese women being trafficked through India to the Middle East, as the BBC's Anbarasan Ethirajan reports from Kathmandu. Plus, despite the animal's endangered status, with African elephant populations expanding in some countries, lobbying efforts are under way to restart the sale of elephant products, such as ivory, which was banned in 1989. Zimbabwe is leading the call, as the BBC's Shingai Nyoka explains from Harare. Today's edition is presented by Will Bain and Mike Johnson, and produced by Ivana Davidovic and Sara Parry.