THE RED PILL
DIALOGUE AND DISCUSSION ON EDUCATION, ENVIRONMENT AND RACE
International Finance Corporation
"We have been successful not just in getting good returns but also in driving development impact—we estimate we have generated 300,000 new jobs through our private equity investments over the last 10 years." - ifc.org
So all this federally allowed and legislated money for 30,000 jobs created globally a year? Globally!?
"The corporation's total investments in 2011 amounted to $18.66 billion. It committed $820 million to advisory services for 642 projects in 2011, and held $24.5 billion worth of liquid assets. The IFC is in good financial standing and received the highest ratings from two independent credit rating agencies in 2010 and 2011." - Wikipedia.org
This one gets tricky to understand, as most investments are liquid by definition. So however you shake it.. the IFC is playing with 24 billion to 42 billion in assets.. while spending only 860 million on the services they are defined to provide. That's from about 4%.. down to as little as 2% of their resources paid out towards the 30,000 jobs made every year on average.
So 96-98% of this organization benefits investors not people?
And this is supposed to be the PR arm of World Bank Group?
So all this federally allowed and legislated money for 30,000 jobs created globally a year? Globally!?
"The corporation's total investments in 2011 amounted to $18.66 billion. It committed $820 million to advisory services for 642 projects in 2011, and held $24.5 billion worth of liquid assets. The IFC is in good financial standing and received the highest ratings from two independent credit rating agencies in 2010 and 2011." - Wikipedia.org
This one gets tricky to understand, as most investments are liquid by definition. So however you shake it.. the IFC is playing with 24 billion to 42 billion in assets.. while spending only 860 million on the services they are defined to provide. That's from about 4%.. down to as little as 2% of their resources paid out towards the 30,000 jobs made every year on average.
So 96-98% of this organization benefits investors not people?
And this is supposed to be the PR arm of World Bank Group?
Views: 11
© 2024 Created by Adisa.
Powered by
