Europe Solidaire Sans Frontières
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.
Series: (...)
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 (...)
The World Bank claims that, in order to progress, the Developing Countries [1] should rely on external borrowing and attract foreign investments. The main aim of thus running up debt is to buy basic equipment and consumer goods from the highly industrialised countries. The facts show that day (...)
After the Second World War, in a growing number of Third World countries, policies diverged from those of the former colonial powers. This trend encountered firm opposition from the governments of the major industrialised capitalist countries whose influence held sway with the World Bank (WB) (...)
The concept of the World as a huge bureaucracy, gradually freed from the influence of the US, is actually a far cry from reality. This mistaken conception is revealed in particular by the North American environmentalist Bruce Rich in his insightful book on the World Bank. [1] In real terms, (...)
The World Bank and the IMF are specialized institutions of the UN, comparable in theory to the International Labour Organization (ILA) or the Food and Agriculture Organization of the United Nations (FAO). As such, they are supposed to cooperate closely with the various UN bodies and the other (...)
Contrary to common belief, the mission of the World Bank is not to reduce poverty in developing countries. The Bank’s mission, as originally conceived by the victors of the Second World War, the United States and Great Britain in particular, was to help rebuild Europe, and secondarily to promote (...)
70 years ago, the 22nd of July 1944, the United Nations Monetary and Financial Conference, better known as the Bretton Woods Conference, that had lasted for three weeks, reached a conclusion. It was attended by representatives from 44 countries.
In order to prevent a recurrence of economic (...)
The World Bank is playing a leading role in a global land grab, says farmers’ movement and its international allies. The World Bank’s policies for land privatisation and concentration, have paved the way for corporations from Wall Street to Singapore to take upwards of 80 million hectares of land (...)
The meeting of IPCC at Paris in the beginning of 2007 had sounded the alarm bell on the gravity of the situation with reference to the climatic imbalance and opened the road to the climate conference at Bali. The governments present at the conference had affirmed their will to “actively work” (...)
POZNAN, POLAND – 142 organizations fighting for climate justice are issuing today (Tuesday 9 December) at the UN climate talks a joint statement rejecting any role for the World Bank in controlling climate change finance.
Currently at the climate talks, discussions are taking place about the (...)
The Bank’s foray into the carbon market paves the way for business-as-usual, while short-changing clean, renewable energy, the poor, and ultimately the climate.
It was the first day in a long week of the consultations, PowerPoint presentations and high-level cocktail parties that accompany the (...)
The World Bank’s long-running identity crisis is proving hard to shake. When efforts to rebrand itself as a “knowledge bank” didn’t work, it devised a new identity as a “green bank”. Yes, it’s true.
Sure, the bank continues to finance fossil fuel projects globally, but never mind. The World Bank has (...)
Every year, the World Bank (Bank) channels US$ 18-20 billion to developing countries in the form of loans and grants with the ostensible aim of reducing poverty and promoting economic growth. The Bank always acts in tandem with its sibling agency, the International Monetary Fund (Fund), even in (...)
The World Bank is going through the worst period of its history. Its situation has never been so precarious. Rejected by a growing number of social movements, its credibility has been further undermined by revelations of nepotism on the part of its president, Paul Wolfowitz. At the same time, (...)
Having been accused of nepotism, Paul Wolfowitz had to resign as president of the World Bank. He is being replaced by Robert Zoelick who has imposed bilateral free-trade agreements on several countries of the South. The World Bank thus proves that it is incapable of becoming democratic and (...)
(Jakarta, 18 September 2006) Two Via Campesina activists were detained by the Singapore authorities last night at Changi international airport and were deported this morning to Jakarta. They were interrogated for 14 hours continuously. They were not doing anything criminal and they had come to (...)
The World Bank’s bombast about good governance, corruption and reducing poverty is a farce. In reality, the World Bank is supporting an oil pipeline project that allows a notorious dictator to fill his pockets and thumb his nose at the world. Meanwhile, the people of Chad are bleeding themselves (...)
Later this month (April 22-25), global justice activists will gather in Washington, DC for what has become the annual protest against the spring meetings of the World Bank and International Monetary Fund. This year’s events will mark the 60th anniversary of the founding of the World Bank and IMF (...)
Twitter
Facebook