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The ability of developers to successfully navigate between, and accomplish, both financial and environmental objectives is vital and requires expertise in the major financial markets and environmental sustainability, which in turn requires dynamic, adaptable and innovative companies to accomplish these disparate objectives. Effective governance and transparency are key to obtain legitimacy in the financial markets, which in turn provide the required funding to be re- distributed to developing countries, tropical rainforest regions and their inhabitants. Collective responsibility and decisive actions are required to successfully alleviate the effects of climate change and the unregulated use of finite resources, which are currently threatening to not only devastate the vulnerable tropical rainforest regions, but also the global ecosystem, which is vital to us all.Pictured above: CGV's new Geospatial Platform, highlighting one section of the Borba project areaLeft: CGV's Borba project area in the Brazilian Amazon Pictured right: Ciaran Kelly" To look at a forest and only see trees, is to look at an ocean and only see water"about cgv As a Sustainable Forestry Development Company, Celestial Green Ventures protects vulnerable areas of rainforest in the Amazonia region of Brazil, which are susceptible to the devastation caused by illegal logging, mining, slash & burn and illegal deforestation activities. CGV projects endeavour to protect natural living forests at risk of deforestation.Through cutting-edge innovation, CGV is forging a technology driven path toward enlightenment in the ever expanding REDD market. CGV's Borba Project will reach the forest certificate issuance stage by Q4 this year, and has strategically chosen to align with the Ecosystem Certification Organisation (ECO) and their comprehensive Natural Forest Standard (NFS). For further information about CGV, please visit www.celestialgreenventures.comabout the authorCiaran Kelly is CEO of Celestial Green Ventures PLC, a world leader in the development of REDD forestry certificates. Before establishing Celestial Green Ventures (CGV), his career included working with independent oil exploration companies in Canada in senior management positions. A further period in mining, allied to his travels internationally, stimulated his interest in environmental issues. He then returned to the UK and applied his entrepreneurial skills combined with his developing environmental interest to source and supply much needed re-conditioned technology hardware to remote areas of Brazil, which cemented his relationship with the Amazonia region and led to the formation of CGV.forests 087

Modernising MultilateralismRobert B. Zoellick, President, The World Bank Group The Bank is working with all its clients on fundamental long-term investments to lay the foundations for recovery: especially infrastructure; safety net programmes to protect the poor; and financing for the private sector.I have explained to my colleagues how the Bank's drive to be faster, more flexible, and innovative for our clients can draw from the military's insight into tightening the "OODA loop" - the need to rapidly "Observe, Orient, Decide, and Act".The Bank Group emphasises free enterprise and the development of the private sector. This is an important evolution from the Bank's founding era.The financial crisis has not shaken developing countries' embrace of markets and the private sector. The vast majority of countries might not use Churchill's language, but they would generally agree with him that: "The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries." For developing countries, their compass points toward a relentless pragmatism: They are more interested in what works than in the debates that seem to paralyse many developed countries.The Bank's private sector development begins with public policies to strengthen the environment for investment, whether domestic or foreign, including through an educated, skilled, and healthy workforce. The Bank's "Doing Business" report helps countries assess how they compare with others in empowering entrepreneurs, especially smaller businesses.IFC, the Bank Group's private sector arm, invests in companies and financial enterprises that can support developing country businesses and 088 FINANCE AND INVESTMENT