A few notes on “Development Assistance” given by "developed" (and bankrupt) nations to "developing" nations and the activities of the World Bank
Governments around the world have an item called “Development Assistance” that they use to take taxes from their people and give to lesser developed countries.
The official numbers run to around a quarter of a trillion bucks a year from the OECD’s Development Assistance Committee (DAC) and non-DAC members.
It is not clear how the activities of individual governments meting out “development assistance” are coordinated with activities of the UN and its organs such as the World Bank or other supranational organisations operating in the same regions. Nor is it clear if the recipients of “development assistance” ask for it or get a say in how spending is prioritized in their countries.
Here is a list of “development assistance” by country from 2019 on Wikipedia:
List of development aid sovereign state donors - Wikipedia
The first thing to notice is that it excludes all the assistance provided to illegal immigrants, asylum seekers and refugees WITHIN the OECD DAC and non-DAC member states. Spending on support for these people is easily 5-10 times the amount spent on “development assistance” into their countries of origin.
You would think that, rather than spending money on welfare in expensive western countries (which are all bankrupt by the way), money would be better spent building out infrastructure in poorer countries from which the migrants originate. All a question of degree. No doubt there are plans to spend trillions in developing countries – I doubt these plans will be as good as they could be and will instead be mired in corruption, poor quality and dubious merit.
See here for the US numbers on “development assistance” spent on illegal immigrants to the US: (100) The solution to mass illegal immigration – mass legal deportation (substack.com)
“Let’s say, for ease, that each illegal immigrant costs 50,000 bucks a year. Multiply that 50,000 bucks by 6 million for the last 2-3 years – THREE HUNDRED BILLION BUCKS EACH AND EVERY YEAR.”
Compare that to the 35 billion bucks of “Development Assistance” spent by the US shown in the Wiki link.
Here’s the latest budgeted spending by the US State Department – including “development assistance” via USAID.
From here:
“The President’s Fiscal Year (FY) 2023 Budget Request for the State Department and the United States Agency for International Development (USAID) is $60.4 billion, which includes $29.4 billion for USAID fully and partially managed accounts, $1.7 billion (6 percent) above the FY 2022 Request.”
60 billion for the State Department which includes for USAID of 29 billion for partly and fully managed USAID accounts. Is the USAID budget down 6 billion since 2019? Somehow I doubt that.
Anyway, there was around a quarter trillion dollars of “development assistance” donated directly by the major countries in 2019, excluding any “development assistance” by supranational organizations and charities. Amounts of this sort have been given out for decades – meaning trillions have been spent already. Where has it all gone? Who is responsible for accounting for the spending and its outcomes?
Looks like a reconciliation is required at the national level in each donor country as well as via the supranational bodies like the UN. Somehow I bet the UN has chapter and verse all framed in nice words, whilst failing to reflect improvements over the last 20 years at the world level that occurred in countries like China and India (who have raised around half a billion people out of poverty with no help from the UN!). There will also be no reckoning of how countries would have improved without any meddling by the likes of the UN as the developing nations embraces new technologies and advancement but are hampered by conditions on any loans from anyone that include the “climate change” agenda.
I haven’t compiled any data on donations to, or spending by charities, at the global level though I estimate that donations at least match “development assistance” by individual governments and supranational organizations like the UN and its “organs”.
The UN uses “organs” like the World Bank – which is not to be confused with the IMF.
The IMF balance sheet of is here : Weekly Report May 19, 2023 (imf.org) and its board is here:
Senior Officials of the International Monetary Fund (imf.org)
“The IMF has three critical missions: furthering international monetary cooperation, encouraging the expansion of trade and economic growth, and discouraging policies that would harm prosperity. To fulfil these missions, IMF member countries work collaboratively with each other and with other international bodies.”
Not all rosy at the IMF:
IMF bailouts hit record high as global economic outlook worsens | Financial Times (ft.com)
Back to the World Bank:
The World Bank Group is made up of five divisions and the parent organization of the World Bank Group, which is the collective name given to the IBRD and the IDA:
These are the operating divisions of the World Bank Group.
· International Bank for Reconstruction and Development (IBRD)
· International Development Association (IDA)
· International Finance Corporation (IFC)
· Multilateral Investment Guarantee Agency (MIGA)
· International Centre for Settlement of Investment Disputes (ICSID)
The World Bank is jointly and severally guaranteed by governments, though you won’t find that publicized much. ”Jointly and severally” means that each government is on the hook, whether single governments can pay or not.
How big is the World Bank and how does it operate?
From here: https://openknowledge.worldbank.org/bitstream/handle/10986/37972/AR2022EN.pdf
If you scoot to page 105 out of 116 (I know, right!) you have the business model:
Over the last five years, it’s balance sheet has evolved like this:
The IBRD part of the World Bank has total assets of 317 billion dollars, with 257 billion dollars of debt.
What has it been up to (page 104)?
Environment and Natural Resource Management up 30% over five years and a whopping 140% increase in “Human Development and Gender”. Surprise, surprise!
Who gets the money, you might ask?
India is the biggest recipient. Caribbean countries not so much. (Note the spending on Ukraine by the World Bank (and also the IMF in the link above - nowhere near what the US has spent and it’s more than likely all “humanitarian assistance”.
Europe has its own funding mechanisms, above and beyond “Development Assistance”. One “organ” is called the European Investment Bank that operates within and just outside the EU.
EIB Group: key statutory figures
76 billion of projects approved in 2022, all in EU or partner countries. I wonder whether the “loan agenda” of “themes” mirrors that of the World Bank?
The EU also has a “Bank for Reconstruction and Development “ – the EBRD
EBRD announces record profits for 2021
From here: ebrd-financial-report-2021-english.pdf
“The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 38 economies across three continents. The Bank is owned by 71 countries as well as the EU and the EIB.”
Prepare to groan:
“EBRD investments are aimed at making the economies in its regions competitive, well governed, green, inclusive, resilient and integrated.”
Its balance sheet is a meagre 74 billion bucks.
There are other supranational development banks.
The Inter-American Development Bank IDB, the African Development Bank AfrDB, the Asian Development Bank ADB, each of which has been captured by the “woke” climate agenda – click on any and see their upcoming “summits”.
So there’s a few notes.
Onto development goals of the UN, perhaps, and how the 2000 Millennium Development Goals stacked up, have filtered in to the current 18 “Sustainable Development Goals” and have morphed into full blown Marxism/Maoism at the global level.
Onwards!
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A few notes on “Development Assistance” given by "developed" (and bankrupt) nations to "developing" nations and the activities of the World Bank
Thanks PH. aka money shuffling/laundering.
Nothing is ever done in this corporate/fascist country unless money is to be made. And lots of money is made off immigrants. For example, all those services provided keep many Americans employed, people who pay taxes and pay into Social Security. As for the countries with emigres, it is the US that creates these horrendous conditions that force people to leave. Perhaps you need to look for deeply into American support for coups that promote American financial interests. Since you seem to have looked into some of the international type money organizations like IMF, you must know that no money is ever provided unless it gives control of developing country's resources to American oligarchy; ie, oil or mineral rights. In other words the US uses poorer nations as a means to economically colonialize them and they use what seems appropriately called Economic Terrorism! And when these countries try to claim their independence the US supports brutal, dictatorial right wing militias that steal from the population and use murderous tactics to disempower them. Then the US comes along with its chosen leaders who will kowtow to American 'interests.' Just look at Ukraine or Libya or Chile for a few examples.
So when trying to present analysis that wants to remove what you considers unwarranted or unfair support of immigrants start to think about how the US created the problem in these people's home countries.
Add to these notes, factor in that these immgrants come here with very high work ethics and do the work that most Americans refuse to do. Why do you think Walmart hires to many of these people. They can be intimidated so don't complain about not getting paid correctly or tolerate being told how to vote, if they have that right. They also are so frightened of losing their tenancy here that they pay taxes at a better rate than many Americans do. So, another misguided notion that is presented here.