Will the AII Bank and BRICS Bank compete with the World Bank? Martin Lustgarten Explains

Nations need capital to pay their workers, buy equipment and purchase the land to increase productivity. For decades, the World Bank, which was formed in July 1944, has been “Working for a World Free of Poverty.” Does investment banker Martin Lustgarten believe the BRICS Bank and AII Bank will be competitors with the World Bank?

“World Bank”

Developing countries have turned to the World Bank to fund the building of their roads, airports and hospitals. There are 189 countries, who are members of the World Bank. While the Marshall Plan was used to rebuild Europe, the World Bank’s International Development Association (IDA) was used to fund other nations, around the world.Gradually, the loan amounts were increased and shifted from primarily infrastructure to social services in the 1980s. The goal of poverty alleviation did lead to higher levels of Third World Debt, which became a problem when nations couldn’t repay their loans. In the 1990s, environmental groups also received loans.

“BRICS Bank”

Over the years, some nations have criticized the World Bank for increasing the debt of developing nations. How can a nation escape poverty, if it has high debt? The BRICS Bank was formed by Brazil, Russia, India, China and South Africa to offer a funding alternative.By pooling their funds, these nations have been working to create a mechanism for other developing nations to rise, without following the Anglo-Saxon model. The diversity of the regions, represented by the BRICS, is a strong feature of this organization. Some deem the World Bank to be too focused on achieving European-American agendas.

“AII Bank”

The Asian Investment Infrastructure Bank (AIIB) has also arisen as a capital source for important infrastructure improvements. The AIIB began official operations in 16 January 2016. There are 57 AIIB members with China being the primary shareholder; there are Vice Presidents from England, France, Germany, India and Indonesia.It is wonderful that developing nations have more options for loans. This might help them improve their infrastructure, without forcing them to incur overwhelming debt. Investment banker Martin Lustgarten sees this “perfect competition” as healthy for the capital markets.

 

The OSI Group is leading in the Food Industry

OSI Group was founded in 1909 in Chicago, United States. The meat processing private company has made a lot of progress over the years. It is headquartered in Aurora, Illinois. The company that is family owned began supplying products to McDonalds in 1955 when it was just starting. On the list of the largest private companies by Forbes, OSI is ranked at number 58. The company is currently valued at $6.1 billion.

The OSI Group operates in 16 countries and has over 60 facilities. This is to enable them to meet the consumer’s demand. The demand has now grown beyond the United States to Europe, Asia, and other North American countries. In the United States, they have facilities in various places such as Fort Atkinson, Utah, West Jordan, Iowa, and West Chicago. They mostly deal with meat products including bacon, fish poultry, and pork but also have dough and vegetable products.

The facilities of the OSI Group have gotten various awards. This is the product of their operating healthy and safe facilities. The group is also concerned about the environment and does its best to take care of it. The company’s mission is to improve the social, environmental and economic conditions in the areas they operate.

Sheldon Lavin is the CEO and Chairman of the OSI Group. He said that although the company has rules and regulations, all employees are important to the success of the company. The commitment of each employee regardless of the role they play has contributed to the company’s growth. The company has become a major supplier to many leading brands in the food industry. To maintain the leading role in the industry, the quality of products is not compromised. Their products are also affordable.

The main aim of the OSI Group is to offer food solutions to companies worldwide. To accomplish this, they hire people who are passionate about food production. The whole team seeks to ensure that all clients are satisfied with the products and also the service at the OSI. The relationship between the management, suppliers and employees are unique. They are also able to take advantage of the new opportunities especially when it comes to getting their supplies. Getting quality products at a reasonable price will have a very positive impact on the profits of the company.

Related: OSI Buys Former Tyson Foods Plant on South Side for $7.4M

The company has also embraced the use of technology to improve its operations. It makes work easier and faster. To meet the ever-increasing demand of their products they have to ensure that the production is timely. The innovative ideas have also helped them to remain relevant in the current market. Technology is also used in ensuring food safety.

Acquisitions are also another way through which companies grow. OSI Group recently acquired Baho Food, which is a meat processing company. It operates in the Netherlands and Germany. This partnership will increase its operations in Europe. The President and Chief operating officer of OSI David McDonald said that it would also improve service and product delivery in the region.

Learn more about OSI Group here.