That reversal was taken despite "significant" investment resources and dozens of staff being allocated to develop the concept and whitepaper over a number of months.
The Gurgaon-based company has raised over $110 million to date — including a recent $60 million round — largely to fuel an acquisition-led international expansion, and $50 million has been allocated to develop its food delivery business in India.
Despite multiple delays, criticism and turnover in project leadership, $22 billion Hong Kong dollars have been allocated to develop a 40-hectare area devoted to the arts, including a new museum called M+, which is being led by Lars Nittve, founding director of the Tate Modern in London.
In their ideal types, resources are allocated to develop evidence-based interventions and policy instruments and one would assume that, steeped in a validated body of knowledge, the policy will achieve its stated outcomes.
Nonetheless, the report points out that the top 200 oil, gas and mining companies continue to allocate vast amounts in finding more reserves, and that more than $6tn will be allocated to developing fossil fuels over the next decade.
All investments foreseen are to be allocated to developing resources within and contiguous to blocks with existing discoveries, not toward new exploration efforts (TB Petroleum 2016).
This wider participation can only happen in an effective and genuine manner if resources are allocated to developing local capacity.
And in such a process, a lot of time and resources are allocated to developing proposals that are never funded.
- A significant amount of UNICEF's financial resources for ELSR has been allocated to developing alternative, low-cost models for ELSR provision.
Finally, at the time of the consensus meeting it seemed promising that some resources would be allocated to developing materials supplementing the guidelines that would apply our recommendations.
