World Bank

The World Bank saw the debt crisis looming

17 July 2019 - by Eric Toussaint

In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and the (...)
The debt trap

8 July 2019 - by Eric Toussaint

In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and the (...)
The South Korean miracle is exposed

1 July 2019 - by Eric Toussaint

In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and (...)
Theoretical lies of the World Bank

23 June 2019 - by Eric Toussaint

In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and (...)
The World Bank and the IMF in Indonesia: an emblematic interference

17 June 2019 - by Eric Toussaint

In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and (...)
Lonmin’s murder, by money

6 June 2019 - by Patrick Bond

Autopsy reveals Lonmin—the British-South African company—corpse’s poisoning by microfinance, ‘development finance’ and corporate finance. The death of the 110-year old mining house Lonmin at a London shareholders meeting on 28 May occurred not through bankruptcy or nationalisation, as would have (...)
The World Bank’s support of the dictatorship in Turkey (1980-1983)

3 June 2019 - by Eric Toussaint

In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and (...)
The World Bank and the Philippines

22 May 2019 - by Eric Toussaint

In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and (...)
World Bank and IMF support to dictatorships

6 May 2019 - by Eric Toussaint

In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and (...)
South Africa: The support of the World Bank and the IMF to the Apartheid regime

29 April 2019 - by Eric Toussaint, Patrick Bond

The World Bank and the IMF were accomplice of the apartheid for decades. They violated the UN embargo against the racist regime at the helm of South Africa. Between 1958 – 1968, the World Bank loans made possible the financing of the “pro-White” projects : a thermal power plant (Eskom) which (...)
Domination of the United States on the World Bank

26 April 2019 - by Eric Toussaint

In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and (...)
The US Supreme Court Judgment: A Challenge to World Bank’s unfettered immunity

31 March 2019 - by Sushovan Dhar

The verdict is finally out. On 27 February, in a historic 7-1 decision, the Supreme Court of the United States ruled that international organizations like the World Bank Group are not above immunity and can be sued in US courts. This was in response to a case (Budha Ismail Jam, et al., (...)
Brazil: 55 years after the overthrow of democratically elected president Joao Goulart, the new far-right President, Jair Bolsonaro has announced a celebration of the 1964 military coup

26 March 2019 - by Eric Toussaint

Brazil: 55 years after the army staged a coup on 31 March 1964 and overthrew President Joao Goulart, the new far-right President, Jair Bolsonaro has announced a celebration of this sad event. There can be no doubt about the active support provided by the US government, the World Bank and the (...)
Why the Marshall Plan ?

25 March 2019 - by Eric Toussaint

In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and the (...)
SUNFED versus World Bank

18 March 2019 - by Eric Toussaint

In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and the (...)
Early conflicts between the UN and the World Bank/IMF tandem

12 March 2019 - by Eric Toussaint

In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and the (...)
The WB assists those in power in a witch-hunting context

5 March 2019 - by Eric Toussaint

In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and the (...)
Budgeting for black-out in South Africa

27 February 2019 - by Patrick Bond

Upon taking power in a palace coup a year ago, Cyril Ramaphosa’s African National Congress (ANC) government was supposedly going to sweep out the prolific corruption associated with the 2009-18 Jacob Zuma ANC regime. But although excruciatingly-slow progress is being made in evicting the most (...)
Concerning the founding of the Bretton Woods’ Institutions

24 February 2019 - by Eric Toussaint

Series : Bretton Woods, the World Bank and the IMF: 70th anniversary
The Highest Bidder Takes It All: The World Bank’s Scheme to Privatize the Commons

21 February 2019 - by Oakland Institute

The Highest Bidder Takes It All: The World Bank’s Scheme to Privatize the Commons details how the Bank’s prescribes reforms, via a new land indicator in the Enabling the Business of Agriculture (EBA) project, promotes large-scale land acquisitions and the expansion of agribusinesses in the (...)
The resignation of the World Bank president should encourage countries to terminate all agreement with the Bretton Woods institutions

21 January 2019 - by CADTM International

On Monday, 7 January 2019, Jim Yong Kim, President of the World Bank (WB) has announced his resignation. Kristalina Georgieva, the current Chief Executive Officer of the World Bank will assume the role of interim President effective February 1 till the President of the United States, Donald (...)
Universalism … really?

15 January 2019 - by Francine Mestrum

With all the paradigmatic changes the World Bank has been promoting in the field of social policies, one element never changed in the past thirty years. Social policies were meant for the poor, governments had to find the best ways to target those who really needed their help. The reasoning (...)
Jim Yong Kim’s mixed messages to the World Bank, and the world

15 January 2019 - by Patrick Bond

Johannesburg – World Bank president Jim Kim is an ex-leftist who claims that in the mid-1990s he wanted to shut down the Bank. At the time, it was an entirely valid, realistic goal of the 50 Years is Enough! Campaign and especially the World Bank Bonds Boycott. Kim’s co-edited Dying for Growth (...)
A review of the book “The World Bank: A Critical Primer”

3 January 2019 - by Thomas Masterson

In the last ten years, opposition to corporate globalization has grown from large demonstrations against the World Trade Organization, G8 meetings and IMF/World Bank Conferences to mass convergences intended to envision and bring about a different world at the World Social Forum and its various (...)
Big Shift Global coalition reacts to the World Bank Group’s post-2020 climate goals announcement

5 December 2018 - by Big Shift Global coalition

On Monday, the World Bank Group released a new set of climate targets for 2021-2025, through which it aims to provide and mobilize $200 billion in support of countries’ climate action over this period. According to the Bank’s press release, it will provide $133 billion in direct finance, and (...)