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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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