World Bank

• Can a Nigerian squeeze the poor for the World Bank?

  by Patrick Bond

  19 April 2012

  In coming days, the World Bank will have a new president. Smart money backs Barack Obama’s choice: Dartmouth College president Jim Yong Kim. But two weeks ago, Nigerian Finance Minister Ngozi Okonjo-Iweala was endorsed by her Pretoria counterpart, Pravin Gordhan. South Africa’s nomination, alongside Angola and Nigeria, dashed the dream that the BRICS bloc of rising subimperialist powers would choose a unifying candidate: the same day, Brazil nominated a Latin American. It is most tempting (...)

• Why Jim Kim should consider resigning as World Bank president-designate

  by Patrick Bond

  19 April 2012

  Recall, Barack Obama entered a US presidency suffering institutional crisis and faced an immediate fork in the road: make the changes he promised, or sell out his constituents’ interests by bailing out Wall Street and legitimizing a renewed neoliberal attack on society and ecology, replete with undemocratic, unconstitutional practices suffused with residual militarism. As president-elect, surrounding himself with the likes of Larry Summers, Tim Geithner, Paul Volcker, William Gates, Rahm (...)

• Auditors find World Bank skipped policy steps in approving huge South African coal plant

  World Bank screwed up on Eskom coal loan: big ooooops, bad timing!

  by Lisa Friedman

  5 December 2011

  The World Bank failed to follow several of its own policies when it approved a $3.75 billion loan for the South African utility Eskom to build one of the world’s biggest coal plants, an independent audit obtained by ClimateWire found. The year-and-a-half-long investigation by the World Bank Inspection Panel criticized the bank for insufficiently taking health, water scarcity and the pressures on local services into account when supporting the 4,800-megawatt Medupi power plant in South (...)

• As Debt Talks Crescendo, Let’s Not Give the World Bank a Free Ride

  by Michelle Chan

  9 August 2011

  With all this talk of budget deficits and cutting programs for those in need (while unjustly keeping in place tax breaks for corporations and the wealthy), you would think that the Obama administration and Congress would want to make sure that the money they do spend is spent wisely. Well, that’s not always the case, and it certainly doesn’t appear to be the case when it comes to the World Bank Group. The World Bank is supposed to be a multilateral development bank dedicated to poverty (...)

• Cancun Declaration

  12 janvier 2011

  Cancun Declaration We, peoples’ organizations from throughout the global South, representing a diversity of networks in Africa, Asia, the Pacific, Latin America, and the Caribbean, convened in Cancun, Mexico, for the South-South Summit on Climate Justice and Finance, simultaneous to the 16th meeting of the Conference of Parties to the UNFCCC (COP-16). From November 26th to December 4th, we met in plenary sessions, workshops, group discussions, and common actions that strengthened our unity (...)

• Open Letter to the Governments Meeting at the 16th COP of the United Nations Framework Convention on Climate Change (UNFCCC) in Cancun

  4 December 2010

  People and communities throughout the global South need hundreds of billions of dollars each year to deal with the impacts of climate change, build resiliency and adopt alternative development pathways. The cost of compensation for past, present, and future damages due to climate change will only grow if, in addition, the necessary measures, are not taken in the industrialized countries to make a just transition to equitable, non-fossil fuel based economies. We call on the governments of (...)

• What Kind of Palestinian State in 2011? Neoliberalism and World Bank Diktats

  by Rafeef Ziadah

  14 November 2010

  In December 2007, the Palestinian National Authority (PA), in close consultation with donor states and institutions like the International Monetary Fund (IMF) and World Bank, proposed the Palestinian Reform and Development Plan (PRDP), a program based on “rebuilding the Palestinian national institutions” and “developing the Palestinian public and private sectors.”. To augment this plan, the PA further presented in August of 2009 a program titled Palestine: Ending the Occupation, Establishing (...)

• Statement

  World Bank out of Climate!

  9 October 2010

  The World Bank, together with the other International Financial Institutions, has been instrumental since its inception in promoting the interests of the global North, the transnational corporations, financial and political elites: the very same interests that are responsible for pushing and benefiting from an economic model that impoverishes the vast majority, plunders nature, generates global warming and undermines the sovereignty of peoples. For these reasons it has been the target of (...)

• Is Africa still being looted? A debate dodging World Bank schizophrenia

  by Patrick Bond

  27 August 2010

  The continent’s own elites, the West and now China are still making Africans progressively poorer, thanks to the extraction of raw materials. Reinvestment is negligible and the prices, royalties and taxes paid are inadequate to compensate the wasting away of Africa’s natural wealth. Anti-extraction campaigns by civil society are the only hope for a reversal of these neocolonial relations. Though it’s easy to prove, using even the World Bank’s main study of natural resource economics, (...)

• World Bank’s immunity: A legal landmark

  26 August 2010

  Please find the editorial from New Age 14th June, you all know the movement against blanket immunity to the World Bank, in fact it was originated from a case lodged by one of the World Bank employee, she won the case. World Bank was presserizing goverment to give blanket immunity, even law was drafted even placed in the parliament, due to the movement from progressive foreess, the initiative was turned down . A legal landmark FINALLY, Ismet Zerin Khan’s perseverance has won the case; not (...)

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