Recent experience in many countries shows that these ID: 123231
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fails to address the core structural and macro-economic issues that shape the abil-ity to implement and finance people . Recent ex-perience in many countries shows that these ÔinnovativeÕ mechanisms are often ineffective, poorly regulated, and can lead to corruption in borrowing and lending countries. These mechanisms do not avoid debt risks. Experience has shown that with or without a govern-ment guarantee, public finances might have to ultimately cover potential losses of investors. Independent assessments show that the leveraged investments do not support small and medium enterprises that create jobs, but rather subsidize investments by big corporations from donor coun-tries, many of them of doubtful development merit. Only 25% of all companies supported by the European Investment Bank (EIB) and the International Finance Corporation (IFC) of the World Bank, between 2006 and 2010, were domiciled in developing countries. hommes), Tetteh Hormeku (Third World Network Africa),Ziad Abdel Samad (Arab NGO Network for Development, ANND), Roberto Bissio (Social Watch),