The Money Matters Institute’s (MMI) objective is to identify and foster creative, selective strategies and data for the development of capital markets in poor and middle income countries as a key component of job and wealth creation. Consistent with its origins as a private/public partnership, the MMI maintains ongoing relations with the United Nations, World Bank, regional development banks and Observatoire de la Finance (Geneva).
Started in 1996, the Institute has been supported over the years by theannual dues of its members: Arthur Andersen, Fidelity Investments, GF Securities, Heidrick & Struggles, INVESCO, Korn/Ferry International, Kuwait Projects Company, Prudential Securities and State Street Corp., as well as grants from the United Nations and the United Nations Foundation.
MMI was a UN-approved Business Interlocutor to the International Conference on Financing for Development held in Monterrey, Mexico, March 2002. Each year, MMI produces the Wealth of Nations Index, a ranking of 70 emerging economies based on 63 equally weighted variables.
In early 2004, MMI’s board of directors, composed of representatives from Korn/Ferry International, Fidelity Investments, State Street Corp. and United Gulf Management, voted to focus the institute’s activities on development of the Global Horizon Fund, a venture capital fund of local funds for emerging economies.