Epstein Secrets

future productivity gains to the recipient countries. For example, the M-SWF could invest in building a high-speed railway in the U.S., a hotel in Rwanda, an oil refinery in Vietnam, or a mining services company in Mongolia, all in need of capital for such investments that would increase the future pr

ident Robert Zoellick proposed that SWFs channel I% of their assets to productive and profitable projects in developing countries such as in Africa. World Bank's private sector arm International Finance Corporation (IFC) subsequently set up a subsidiary IFC Asset Management Company to pool assets from SWFs fo

rging markets. Joseph Stiglitz of Columbia University recently argued for the importance of channeling surplus into productive uses in his speech at the World Bank in September. For the concept of pooled investable assets to work, we need three primary principles, so the fund could be structured attractively to

in 2010 to a rank of 71 out of 189 in the latest survey. (See Chart 8.) That is the second largest improvement in ranking over this period (after Rwanda). CHART 8: MOROCCO EASE Of DOING BUSINESS RANK TO • TO 40 • 40 60 • 60 83 • 80 10) 120 140 t Emier ludo bats ' 1CO ' 120 011 09

s undertaken a series of reforms to improve the previously dire business environment. Indeed, Morocco has enjoyed one of the largest improvements in the World Bank's Doing Business survey over the past five years. • Fourth, the drag from Morocco's agricultural sector should ease. A bumper harvest means output i

cal institutions. The return to a more interdisciplinary approach to development was marked as well by the tenure of James Wolfenson as President of the World Bank from 1995 to 2005.4 Wolfenson early on gave a speech on the “cancer of corruption” and signaled to the institution that, henceforth, political issues

ten work at cross purposes from one another. For example, the authoritarian or semi-authoritarian regimes of Meles Zenawi in Ethiopia, Paul Kagame in Rwanda and Yoweri Museveni in Uganda have been aid darlings over the past decade because of their track records in promoting economic, health and social goa