World Bank
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World Bank’s women entrepreneur initiatives just “smoke and mirrors”
30 August 2019 - by Bretton Woods Project
In April, the Women Entrepreneurs Finance Initiative. In conversation with World Bank CEO Kristalina Georgieva, Ivanka Trump introduced We-Fi commenting, “women are the greatest underleveraged resource in the developing world,” encouraging women (...) -
Pakistan and World Bank Settlement of Investment Disputes – Do not pay the unfair fine; oppose the unjust decision of ICSID
22 July 2019 - by Farooq Tariq
This is a story of the dodgy deal by a multi national company and then earning massive amount of money through the so-called process of Settlement of Investment Disputes, a World Bank institution acting against developing countries. This is a (...) -
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 (...) -
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” (...) -
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 (...) -
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 (...) -
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. Last week’s [Budget Statement->http://www.treasury.gov.za/documents/national (...) -
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 (...) -
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 (...) -
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 (...) -
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 (...) -
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 (...) -
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 (...) -
World Bank – IMF Guilty of Promoting Land Grabs, Increasing Inequality
8 October 2018 - by La Via Campesina
“Annual meeting in Bali this week is just a sham to cover up their criminal negligence of people’s interests,” say peasants. 07 OCTOBER, BALI: At a meeting of La Via Campesina facilitated by Serikat Petani Indonesia (SPI) in Bali, peasant (...) -
A Brief History of the Relations between the World Bank, the IMF, the US Government and Nicaragua
14 August 2018 - by Eric Toussaint
Central America is considered by the US government as part of its own exclusive sphere of influence. The policies adopted by the World Bank in terms of granting loans to the countries of the region are directly influenced by the political (...) -
Armenia’s unfinished revolution
25 May 2018 - by Armen Abagyan
Bells of triumph are ringing in the streets of Yerevan following the deposition of now-former Prime Minister Serzh Sargsyan. Ding-dong, the wicked witch is dead. The spectre of totalitarian rule and unbridled corruption enervating the already (...) -
2018 IMF and World Bank Spring Meetings: the Bank has more money, but promises little change
3 May 2018 - by María José Romero, Bodo Ellmers, Gino Brunswijck
The Spring Meetings of the IMF and World Bank took place amid warnings of a ‘borrowed boom’ as an uptick in global growth was matched by global debt levels reaching record highs. The World Bank Group shareholders stumped up for an increase in the (...) -
Pro-poor or anti-poor? The World Bank and IMF’s approach to social protection
13 April 2018 - by Stephen Kidd
In recent years, the World Bank and IMF have played an influential role in shaping national social protection policies. Social protection comprises a significant share of World Bank loans, reaching almost 10 per cent of lending to low-income (...) -
The World Development Report produced by the World Bank almost completely ignores workers’ rights
12 April 2018 - by Peter Bakvis
The World Bank decided last year to devote the 2019 edition of its flagship annual policy review publication, the World Development Report, to the theme of the future of work. Preparation of the WDR 2019 encountered some delay after the ouster (...) -
As World Bank signals end of extraction finance, CSOs call for end to its other fossil fuel funding
10 April 2018 - by Bretton Woods Project
World Bank Group (WBG) President Jim Yong Kim announced at December’s One Planet Summit in Paris that the Bank will cease project lending for ‘upstream’ oil and gas projects after 2019. SUMMARY WBG announced it will end finance for ‘upstream’ (...) -
After 15 years, World Bank’s Doing Business Report still missing the mark
13 March 2018 - by Bretton Woods Project
In October, the World Bank published its 15th Doing Business Report (DBR), Reforming to Create Jobs, noting that 119 economies had carried out 264 business reforms in the past year to “create jobs, attract investment and become more competitive”. (...) -
Tunisia: protesting austerity, demanding sovereignty
26 February 2018 - by Hamza Hamouchene
The recent protests show that Tunisia is still a cauldron of popular resistance against neoliberal and neo-colonial attacks on the country’s sovereignty. Around 800 people were arrested, dozens were injured and at least one person was killed in (...) -
The Doing Business Report: a longstanding controversy
5 February 2018 - by Gino Brunswijck
Recent criticism of Chile’s ranking in the Doing Business Report (DBR) has once again put the report in the spotlight, with renewed calls for scrapping the highly controversial annual World Bank publication. Over the years Eurodad has (...) -
New Evidence of Africa’s Systematic Looting, From an Increasingly Schizophrenic World Bank
5 February 2018 - by Patrick Bond
A brand new World Bank report, The Changing Wealth of Nations 2018, offers evidence of how much poorer Africa is becoming thanks to rampant minerals, oil and gas extraction. Yet Bank policies and practices remain oriented to enforcing foreign (...) -
Tunisia: January, the month of logical revolts
26 January 2018 - by Fausto Giudice
It was predictable, it was foreseen and it happened: Tunisia exploded from below on Monday, the 8th of January. In all parts of the country, marginalised youths attacked police stations, supermarkets, authorities – tax centres, municipalities, (...)
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