This effort requires financial resources that largely exceed those available to development institutions and calls for combining limited public resources with larger private sources of capital. The WBG is strategically positioned to contribute to this effort. The problem of climate change falls in the domain of global public goods and posits complex intergenerational questions.
What is certain at this stage is that we will have to comply with the FATCA. In some way or another. Yes, there are costs. Yes, it is cumbersome. And yes, the challenges are numerous. Yet, we have no choice but to comply. FATCA is here to stay. It would be a bad idea to ignore it.