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Jacmel, Haiti
operation in Haiti with the financial support of the World Bank's IFC financing arm and the U.S. State Department.
rce labor force from Haiti and experience exclusion from taxes in Haiti. Moreover, they would have less transportation expenses if compared to China, Vietnam, or Tatwan. The HOPE and HOPE II (Haitian Hemispheric Opportunity through Partnership Encouragement) Act is another positive legal document for the b
Page: HOUSE_OVERSIGHT_019457 →Korean company, Sae-A Trading Company Limited, that has built an industrial park and garment making operation in Haiti with the financial support of the World Bank's IFC financing arm and the U.S. State Department. This has provided an initial 20,000 people jobs. Furthermore, A USAID funded Apparel Training Center
Page: HOUSE_OVERSIGHT_019457 →rooted reasons, many of which simply reflect common-sense reality. It may also be useful to recognize that jobs that have moved to India, China or Vietnam over the last three decades will not come back to Illinois overnight. It may further be useful to recognize that any attempt to suddenly reverse the
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
investment, works at the national level on urban poverty alleviation programs in Uganda and Ghana, and will soon expand to one Asian country (either Vietnam or Cambodia) and one additional country in Africa or the Middle East.' This grant allows national governments to engage with their local counterpar
from DFID in early 2010, as well as funding from SIDA, the Sigrid Rausing Trust, and the Norwegian Ministry of Finance. • A $15 million grant to the World Bank's Cities Alliance focusing on land, citizenship and services. This grant, our largest single investment, works at the national level on urban poverty
o. 106 [hereinafter Uzited States v. Nexus Technologies] (private US. company and corporate executives charged with violating FCPA for bribes paid in Vietnam), available at http ://wwwjustice.gov/ criminal/ fraud/ fepa/ cases/nguyenn/ 09-04-O8nguyen-indict.pdf; Indictment, United States v. Esquenazi, supra
-owned entities held virtual monopolies and operated under state-controlled price-setting in many national industries around the world. See generally WOoRLD BANK, BUREAUCRATS IN BusINEss: THE ECONOMICS AND POLITICS OF GOVERNMENT OWNERSHIP, WORLD BANK Poricy RESEARCH Report at 78 (1995); SUNITA KIKERI AND AISH
Entities connected to both Vietnam and World Bank

Jeffrey Epstein
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United States
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