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New Multi-Million Dollar Fund For Developing Country Carbon Trading Initiatives

Developing countries wanting to use market instruments to scale up their mitigation efforts will soon have access to financial and technical support arising from a new global partnership launched today.

World Bank Group President Robert B. Zoellick announced the establishment of the Partnership for Market Readiness at an event on the sidelines of the UN Framework Convention on Climate Change conference in Cancun.

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New MIGA Report: FDI into Developing Countries Expected to Increase by 17 Percent in 2010

Investors are optimistic about prospects for a global economic recovery led by the developing world, notes a report launched today by the World Bank’s Multilateral Investment Guarantee Agency (MIGA) at a Financial Times Summit in London. The report, World Investment and Political Risk, says that foreign direct investment flows (FDI) into developing countries are projected to increase by 17 percent in 2010. Investors from the extractive industries, as well as those based in developing countries, are particularly bullish in their investment intentions. This finding represents the business world’s confirmation of economists’ projections: FDI is expected to recover over the next couple of years, having declined sharply by 40 percent last year.

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New Inflation Multiplier bond on retail bond market

The London Stock Exchange’s Order book for Retail Bonds (ORB) this week welcomes a new retail bond from Royal Bank of Scotland (RBS). The bond is the first multiplier bond to be made available on ORB and is designed to help investors benefit from rising UK inflation.

The RBS Inflation Multiplier bond, tradable in denominations of £100, has a quarterly coupon equivalent to 1.3 times the rise in the UK Retail Price Index (UK RPI). If UK inflation falls or remains flat, no coupon payment is made for that period.

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MIGA Significantly Expands Pool of Eligible Investments

The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, announced today that the agency’s Council of Governors has approved substantial changes to its convention. These changes are the first since the agency was established in 1988 and will allow MIGA to insure more investments and thereby increase its development impact.