As cross-border investment accelerates, emerging markets face the ongoing challenge of aligning internationally recognized standards with local economic and regulatory realities. This critical topic took stage at the Forbes Middle East Senior Advisors & Investors Summit, where Olga Fleming, Chairwoman of the World Sustainable Development Fund (WSDF), joined Paul Lund, Head of Corporate Ratings at Fitch Ratings, and Dina Samaha, CEO and Managing Director of ICRS Consult. The panel was moderated by Sally Mousa, Senior Presenter at Forbes Middle East.
The discussion focused on how global frameworks:, including credit ratings, corporate governance, ESG reporting, and assurance standards can be implemented effectively to strengthen transparency and accountability without overlooking the distinct characteristics of individual markets.
For global investors seeking opportunities in developing economies, confidence depends not only on the existence of robust standards but on their credible and practical application. Creating environments that are both internationally aligned and locally relevant is viewed as essential to reducing risk, improving access to capital, and supporting sustainable economic development.
Representing WSDF, Fleming stressed the importance of building trusted investment ecosystems in which governments, financial institutions, development organizations, and the private sector collaborate to create transparent, resilient, and investment-ready markets. Sustainable development, she noted, hinges on institutions capable of bridging international expectations with effective local implementation.
The conversation reflected a broader shift in global finance, where investors are placing greater emphasis on governance, transparency, and long-term resilience alongside financial performance. For emerging markets, the ability to adapt international best practices while maintaining credibility has become a significant competitive advantage.
The World Sustainable Development Fund remains committed to advancing these issues through international dialogue, strategic partnerships, and initiatives that bolster investor confidence and promote inclusive, sustainable growth.
