Editor's Note: Leonardo Lemes is a Private Sector Development Consultant in the Investment Climate Department's Insolvency Technical Assistance Program.
Middle East and North Africa
Identifying a suitable location for investment is among one of the first decisions to be made once a company has committed to entering a local market for an FDI project. Many assume that foreign companies would automatically seek to acquire land in the most secure and legally available option – typically either purchasing freehold from a private seller or in a long term lease from the government.
Felix Salmon reports the latest news from Dubai, arguing that the $10bn cash injection from Abu Dhabi is no panacea for the Emirate's long-term woes:
NPR story cited World Bank report
In the report, "Iraq's Shaky Economy Poses Threat to Future," NPR cites The World Bank's Doing Business report that ranks economies based on the ease of doing business in particular countries:
The process of setting up a business in Iraq requires 11 procedures,
This morning I published an interview with Jean Pesme from the World Bank's anti-corruption program StAR. Here's a look at what else happened on Anti-Corruption Day:
A lot of brouhaha has been brought about by The Guardian’s supposed steal on a leaked non-paper drafted by the Danes. Though the non-paper has been around for a while, the drama put fuel on the fire of the discomfort and sense of injustice felt by many developing country delegations. The other story dominating the headlines is bankers' pay. Let me try to link the two in the context of the financing discussions in Copenhagen.
December 9th is the UN's official anti-corruption day, and in order to celebrate, PSD blog has been working with t
When one looks at the flurry of web 2.0 activity around the ongoing Climate Change Conference in Copenhagen, I would venture that it is no exaggeration to affirm that this conference marks the moment when web 2.0 has reached its maturity for the development sector and citizen engagement: from fundraising to campaigning, from real-time reporting to visualizing impacts of the decisions taken by politicans.
In his recent piece in the MIT innovation journal Whose Rules, Vinod Khosla states that lowering the cost of capital could be the single most important action to mobilize private funds, which are needed to complement the public climate finance in order to achieve 450ppm by 2050.