Tag: World Bank

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Celebrating the Least Corrupt Country: Rwanda
Society
Celebrating the Least Corrupt Country: Rwanda
September 20, 2020

You don’t know about it because Transparency International is funded by rich states, which they don’t want to be outshone by a third-world nation.

Portillo’s Spirit Haunts the Oligarchy
April 10, 2020

We have been a living example of what occurs when an enormous, volatile, and speculative mass of capital goes all over the world in search of high interest rates, tax havens, and supposed political and exchange stability.

Portillo’s Spirit Haunts the Oligarchy
Business
Leaked Wikileaks Doc Reveals US Military Use of IMF, World Bank as “Unconventional” Weapons
Editor's Сhoice
Leaked Wikileaks Doc Reveals US Military Use of IMF, World Bank as “Unconventional” Weapons
February 8, 2019

Though the unconventional warfare manual is notable for stating so openly that “independent” financial institutions like the World Bank and the IMF are essentially extensions of U.S. government power, analysts have noted for decades that these institutions have consistently pushed U.S. geopolitical goals abroad.

Jim Yong Kim’s Mixed Messages to the World Bank and the World
January 17, 2019

If you are a critic of neoliberal, carbon-intensive crony capitalism, then we can only hope that Trump contributes yet more delegitimation to the Bank’s now-legendary incompetence, malfeasance and unethical behavior… for which Jim Kim was only the cherry on top.

Jim Yong Kim’s Mixed Messages to the World Bank and the World
Editor's Сhoice
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At Global Forum, China Fills US-Shaped Hole
Editor's Сhoice
At Global Forum, China Fills US-Shaped Hole
October 21, 2017

According to the laws of physics and nature, empty spaces are unnatural. Wherever there is a void, the universe seeks to fill it. Nowhere was this more on display than at the meetings of the International Monetary Fund (IMF) and World Bank last week in Washington.

Financial Parasitism of the West
April 29, 2016

The World Bank (WB) has released its 2016 edition of International Debt Statistics. The report surveys 120 countries that are categorized as low- or middle-income (LMI countries) according to World Bank criteria…

Financial Parasitism of the West
World
How the World Bank’s ‘Payday Loans’ Are Increasing Dire Water Shortages in Latin America
Editor's Сhoice
How the World Bank’s ‘Payday Loans’ Are Increasing Dire Water Shortages in Latin America
June 25, 2015

In midst of global warming’s frightening and growing droughts, increasing shortages of water resources in Latin America are being exacerbated by World Bank (WB) million-dollar loans to unstable governments desperate to rise out of poverty by attracting global industries to exploit their irreplaceable natural resources. And most use millions of gallons of water to do it whether it’s fossil-fuel fracking requiring 2,500,000 gallons per well or gold/silver corporations dumping cyanide and other death-dealing chemicals into waterways which millions depend on for drinking, household use, irrigation, or fishing.

Dollar Imperialism, 2015 Edition
March 6, 2015

 “The dollar is our currency, but it’s your problem.” This is what US Treasury Secretary John Connally said to his counterparts in the Rome G-10 meeting in November, 1971, shortly after the Nixon administration ended the dollar’s convertibility into gold and shifted the international monetary system into a global floating exchange rate regime. The world has been suffering from this “problem” ever since the US obtained the “exorbitant privilege” of issuing the world’s reserve and trade currency under the Bretton Woods system after WWII.

Dollar Imperialism, 2015 Edition
Editor's Сhoice
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