Monday, November 29, 2021

Who has more influence: a World Bank or a poor country?

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AThe stars of Cop26 include senior bankers and financiers. They made it their business to travel to Glasgow and be seen there trying to save the world.

Of course, there is also serious networking, possibly even new opportunities. As one PR man put it, the climate change meeting is like a “steroids convention”. Make Davos the place where the World Economic Forum (WEF) holds its annual meeting. It is the right place to leave your entourage behind while you meet with world leaders and high-ranking figures.

You have found an open-minded audience. Bankers and fund managers are missing something that politicians and environmentalists are missing. Money. Who do you think has more influence: the head of a World Bank or the prime minister of a poor country?

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