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Not just for traders, but this is really important for combating fraud, waste, and abuse. The World Bank, for example, makes lots of overseas investments in pl
by piercebot 10y ago
Not just for traders, but this is really important for combating fraud, waste, and abuse.
The World Bank, for example, makes lots of overseas investments in places where it might not be convenient to send representatives to check up on the progress of, say, a factory for which they have funded the construction. They'll receive monthly reports about the factory and how many people it's employing, and when they finally go check up on it, it's just a guard house and a pile of rubble.
Having a fleet of satellites that you can use to monitor your investments will definitely make it much harder to get away with stealing money through this type of fraud.
- sah2ed 10y ago> The World Bank, for example, makes lots of overseas investments in places ... Perhaps you meant the International Finance Corporation (IFC)? The World Bank's mandate is primarily to give out loans to developing nations. The IFC is the arm of the World Bank Group that makes investments.