The World Bank has invested billions of dollars in climate-related projects
and programs, including:
- *Climate finance*
In fiscal year 2024, the World Bank Group invested $42.6 billion in
climate finance. This investment supports efforts to end poverty, invest in
cleaner energy, and build more resilient communities.
- *Policy reforms*
The World Bank, IMF, and development partners have supported
climate-related policy reforms through funding for investment projects and
budget support. These projects are primarily in the energy, transportation,
and agriculture sectors.
- *Green Climate Fund*
The Green Climate Fund is the world's largest climate fund, and it uses
flexible financing solutions to accelerate climate action in developing
countries.
The World Bank also directs 41% of its lending to climate-related
projects. However, some say that this new focus on climate change could
come at the expense of investments in human capital unless the World Bank's
overall resources increase significantly.
Investment Climate
The Investment Climate team provides evidence-based support to help
countries foster an “investment-grade” business environment, maximize the
benefits of private investment, and secure a share in global value chains.
New global shocks could threaten investment in unprecedented ways
with repercussions for economic growth and development. Global foreign
direct investment flows plummeted by 40% immediately following the COVID-19
shock, yet the recovery has been much slower for developing countries. The
pulse survey of multinational corporations (MNCs) conducted during
April-June 2022 reveals that nearly 30% of investors plan to reduce their
investments in the host developing country in the coming year. Slow
recovery and declines in North-South flows of greenfield FDI foreshadow
weaker investor confidence and shifting global production patterns. In the
post-pandemic world, several new challenges to investment are emerging,
such as
The pandemic, combined with conflicts around the world are signaling
the onset of an unprecedented global recession.
The changing world environment with political polarities
Trade and GVCs, which were often the drivers for FDI, are reshaping and
adjusting to new political and economic realities.
The current global economic landscape demands the development of
coordinated, non-fiscally taxing solutions to strengthen countries’
investment climate and develop resilient for future shocks. For the past
three decades, the private sector has been at the forefront of leading
economic transformation around the world. Integration with global markets
and enhanced investment competitiveness has contributed to the
unprecedented growth of many economies.
Given the current context, governments are turning to the World Bank
for advice on policies to enable and link foreign and domestic private
sector with the dynamism generated by cross-border trade and investment
patterns, and support resilience and recovery of their economies in a
resilient and inclusive way.
The Global Investment climate supports client countries in creating an
enabling business environment for all firms, attracting new sources of
investment and maximizing spillovers from foreign direct investment,
thereby contributing to healthy firm dynamics, economic transformation and
job creation.
Strategy
By leveraging a comprehensive approach that addresses the legal,
regulatory, administrative and institutional barriers affecting all phases
of the business and investment lifecycle, the World Bank helps countries
establish a competitive investment climate that is favorable for
stimulating investment for business-led growth. Capable of mobilizing a
wide range of World Bank Group instruments—including advisory services and
analytics (ASAs) and diverse lending products (DPFs, P4Rs and IPFs)—to help
developing countries, our experts on business environment and investment
policy and promotion deliver integrated IC solutions founded on three
pillars:
Driving Evidence-Based Reform: Global analytics and benchmarks such as
the World Economic Forum Global Competitiveness Index, Doing Business, WBG
enterprise surveys, the Global Regulatory Risk Database, or Women Business
and the Law have put business environment and investment policy reforms at
the forefront of policy-makers’ agendas and created strong demand for
support in this area. Identifying sources of entry barriers, market
distortions, assessing binding constraints to firms, and quantifying
potential impact of policy reforms have been enabled through the
development of the latest generation of investment climate diagnostic
tools. Underpinning all investment climate interventions are a
well-developed set of diagnostic and analytical instruments, applied
research, and strong knowledge of good practices and reform experiences.
This knowledge set allows our teams to mobilize expertise on a wide range
of policy and regulatory issues, and create integrated, multi-instrument
solutions that are tailored to the needs and demands of clients.
Fostering Business Competitiveness: Unlocking private sector-led growth is
contingent on a country’s ability to establish a regulatory and
institutional framework that enables productive local and foreign firms to
invest, form and grow, both domestically and internationally, and
non-viable firms to exit so resources are allocated efficiently within and
across sectors. Government policies and regulations play a decisive role in
stimulating business activity and enhancing market contestability. With
this aim, IC solutions are designed to improve the regulatory environment
for foreign and domestic firms along all phases of the investment and
business lifecycle. By supporting the implementation of transparent,
inclusive, predictable and efficient policies and regulatory practices, the
Investment Climate team helps governments unlock potential for developing
the private sector, and incentivize firms to invest, compete and grow,
which in turn creates productive jobs.
Expanding Investment Opportunities: Attracting FDI helps to link a
country’s economy to global value chains and facilitates economic
upgrading. FDI brings investment, jobs, increased exports, supply chain
spillovers, new technologies and business practices to countries. While the
benefits of FDI are well recognized, they do not flow without a conducive
policy, legal and institutional environment. In a global landscape deeply
impacted by the COVID-19 pandemic yet still subject to rapid technological
change and political uncertainly, countries must refine their value
propositions as investment locations. In addition, to fully capture the
benefits of FDI, a country requires clear and effective implementation of
investment strategies and policies. By leveraging a comprehensive approach
that addresses the legal, regulatory, procedural and institutional barriers
affecting all phases of the investment life cycle, the Investment Climate
team helps countries establish a competitive investment climate that is
favorable for attracting, retaining, and expanding sustainable FDI.
Given that the successful design and implementation of investment climate
reforms requires the coordinated effort of many different line ministries
and agencies, our teams support governments to design investment climate
reform programs in the context of a broader competitiveness agenda;
determine priority areas for reform in the short, medium and long terms;
set clear targets with measurable results; and strengthen the institutional
capacity of public-private dialogue mechanisms and inter-ministerial reform
committees.
Results
In Bangladesh, the government introduced a broad simplification program
including cost reductions for connecting to the electricity grid and a
one-stop shop (OSS) for investors. The reforms resulted in over $721
million cost savings for businesses and citizens. Over 1,200 firms have
benefited from the OSS to date.
In Ecuador, the team supported the introduction of a new simplified stock
corporation, a more flexible legal form tailored to small- and medium-sized
companies. Within two months, over 500 firms were created under the new
type, 30% of all companies incorporated during that time period.
Ethiopia opened six new sectors for FDI. Within two years of the reform
$96m in FDI was directly generated. Ethiopia’s Investment Commission also
established a mechanism to address investor grievances prior to their
escalation to international disputes. This has led to USD 5.4 million FDI
retained to date.
In Guinea, an online supplier marketplace platform was established to
address the low levels of local supplier participation in the mining
sector. 883 domestic companies (111 women-owned) registered on the
platform. 77% of requests for proposal posted have been awarded to SMEs
registered on the platform.
In Iraq, the establishment of an investor grievance mechanism within the
Basra Investment Commission led to USD 220 million in FDI previously at
risk of divestment being retained.
The removal of entry restrictions in Myanmar, through a new negative list
opening 70 sectors to full foreign ownership and the reduction of FDI
screening through a unified investment law, led to a six-fold increase in
approved FDI projects between FY13 and FY16, from USD 1.4 billion to USD
9.5 billion.
In Saudi Arabia, the team worked with the Ministry of Commerce and
Investment to lift legal barriers to women’s economic participation and
pass a historic reform package which introduced freedom of travel and legal
equality in employment and pensions, as well as removed the obedience
provision and allowed women to be head of household among others. Over 5
million women over 21 years old are benefiting from the reforms and the
number of women-owned businesses increased by 50%.
The first phase of a supplier development program in Vietnam has led to 70%
increased capacity of SMEs through application of new standards and
management tools, a 50% increase in profit and turnover, 42% established
new connections with MNE buyers of which 9% became formal suppliers to MNEs.
The Western Balkans Investment Policy and Promotion Project provided
support to the 6 economies of the Western Balkans - Albania, Bosnia and
Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia - with
harmonizing their investment policies and implementing a regional
investment promotion initiative. The project resulted in 10 legislative and
institutional investment climate enhancing reforms, including the adoption
of regionally aligned standards for international investment agreements,
and the generation of over $130 million in FDI for the region, creating
more than 3,000 jobs, including 2,000 for women.
Bloomberg like are raising issues whereas no high level financial agencies
of the earth so far passed any adverse remarks. Also covid impacts are yet
to be evaluated as the impacts have not yet disappeared totally. It's a
long Range investment.
K RAJARAM IRS 11124
On Fri, 1 Nov 2024 at 09:59, Markendeya Yeddanapudi <
[email protected]> wrote:
>
>
> -----
>
>
>
>
>
>
> 10-25-24
>
> *BILLIONS MISSING FROM SPENDING ON FAKE CLIMATE CHANGE!!*
>
> *WAS IT STOLEN?*
>
>
> *COULD BE 10 TIMES MORE THAN $24 BILLON LOST! IT COULD BE 240 BILLION
> LOST!*
>
> World Bank bureaucrats lost track of at least $24B in funds fighting
> climate change: ‘Could be twice or 10 times more
>
>
>
>
>
>
> *Climate science is a ruse. But the money spent on fake research and gifts
> to nations is real.*
> *Between 24 and 41 billion dollars of that money is missing from the World
> Bank. No one knows where it went.*
> *Oxfam, October 17: “Up to $41 billion in World Bank climate
> finance—nearly 40 percent of all climate funds disbursed by the Bank over
> the past seven years—is unaccounted for due to poor record-keeping
> practices, reveals a new Oxfam report published today ahead of the World
> Bank and IMF Annual Meetings in Washington D.C. [October 21—26, 2024]”*
> *“An Oxfam audit of the World Bank’s 2017-2023 climate finance portfolio
> found that between $24 billion and $41 billion in climate finance went
> unaccounted for between the time projects were approved and when they
> closed.”*
> *“There is no clear public record showing where this money went or how it
> was used, which makes any assessment of its impacts impossible. It also
> remains unclear whether these funds were even spent on climate-related
> initiatives intended to help low- and middle-income countries protect
> people from the impacts of the climate crisis and invest in clean energy.”
> (link in footnote)*
> *A source at the World Bank told the NY Post that the actual amount of
> missing money “could be twice or ten times more…all the figures are
> routinely made up. Nobody has a clue about who spends what.” (link in
> footnote)*
> *The World Bank gets its money from national governments’ donations, from
> its own issuance of bonds, and from repayment of loans it makes.*
> *As mainstream reports on this scandal appear, they’ll be couched in terms
> of horribly deficient accounting practices, “mistakes,” lack of executive
> oversight at the Bank, etc.*
> *I raise the distinct possibility that the money was stolen. The
> accounting mess was the cover:*
> *There could be fake contractors who received the money from the World
> Bank and ran off with it. With the help of an insider(s) at the Bank.*
> *Once the money is paid out by the Bank, all bets are off. The thieves
> could send it through a series of shell companies and finally deposit it in
> Panama.*
> *Some of it could be sent back to corrupt government officials in
> countries that originally donated it to the Bank.*
> *Once the money is washed thoroughly, it could go anywhere. Into other
> banks, into major corporations, into investment funds, political campaigns,
> politicians’ pockets (bribes), purchases of large tracts of real estate…*
> *If the missing money is actually a grand heist, it isn’t over. Not by a
> long shot.*
> *As Oxfam states, “Climate activists are demanding the Global North
> provide at least $5 trillion a year in public finance to the Global South
> ‘as a down payment towards their climate debt’ to the countries, people and
> communities of the Global South…”*
> *Along with all the other cons and hustles and grifts and lies and crimes
> committed by the climate change establishment, the whole climate operation
> could also rank as a very large money laundering operation.*
> *Designed to move money to and fro, under the cover of “doing good.”*
> *After all, since all the research is fake, since the studies are all
> based on false assumptions and lies, why not rig the money, too?*
> *The sage political advice to never let a crisis go to waste, but instead
> use it as an opportunity, applies to phony crises as well.*
> *Elite globalists know very well that poverty-stricken countries aren’t
> suffering because of climate change. So why give these countries enormous
> sums to pay off a climate debt that doesn’t exist?*
> *Instead, just steal the money.*
> *When the day of reckoning arrives, when a piece of the whole op is
> exposed, just plead “incompetence,” “lack of organizational
> accountability,” and make assurances that the blank spots in the financial
> books were simply an oversight and the money really did go to worthy causes
> and recipients.*
> *Then keep on stealing the money.*
> *This strategy works in other similar areas.*
> *It works every year in an op called the US federal budget.*
> *https://www.oxfam.org/en/press-releases/
> <https://www.oxfam.org/en/press-releases/41-billion-world-bank-climate-finance-unaccounted-oxfam-finds>**41-billion-world-bank-climate-finance-unaccounted-
> <https://www.oxfam.org/en/press-releases/41-billion-world-bank-climate-finance-unaccounted-oxfam-finds>**oxfam-finds
> <https://www.oxfam.org/en/press-releases/41-billion-world-bank-climate-finance-unaccounted-oxfam-finds>*
>
> *https://nypost.com/2024/10/23/business/world-bank-bureaucrats-lost-track-of-at-least-24b-in-funds-fighting-climate-change-report/
> <https://nypost.com/2024/10/23/business/world-bank-bureaucrats-lost-track-of-at-least-24b-in-funds-fighting-climate-change-report/>
> *
>
>
> *-- Jon Rappoport*
>
>
>
> --
> *Mar*
>
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