The World Bank must be returned to the world

Posted on 05 June 2007                                                                         AddThis Social Bookmark Button   Print Posts

WritesDr. Adil Najam

Mr Paul Wolfowitz, the outgoing World Bank president, has been forced to resign in disgrace.

Technically, his resignation comes because of ‘ethical lapses’ concerning favouritism and financial benefits to his girlfriend, Ms Shaha Ali Riza.

But in reality, this is not just the story of a bad manager reviled by staff and a pariah in his own institution.

This is also the story of an institution that plays with the destiny of hundreds of millions of people around the world, but remains unsure of and unable to shape its own identity.

Wolfowitz should never have been appointed to the job. His tenure as World Bank president has been disastrous.

… Continue this article here


NOTES: ABOUT THE WORLD BANK & THE IMF (INTERNATIONAL MONETARY FUND)

The International Monetary Fund (IMF) and World Bank are basically United States controlled entities.

The World Bank is a corrupt organization that furthers the efforts of international bankers to control the economies and fates of whole countries.

“When an IMF mission goes into a country and requires the destruction of social and economic institutions as a condition for lending money - this is very similar to the physical destruction caused by NATO bombing.

The IMF will order the closing down of hospitals, schools and factories. That’s of course more cost effective than bombing those hospitals, schools and factories, as they did in Yugoslavia, but the ultimate result is very similar: the destruction of the country.” - IMF and World Bank: Two Instruments of National Destruction

10 Reasons to Abolish the IMF  & World Bank (Open Media)

Reforming the Governance of the IMF and the World Bank (Anthem Studies in Development and Globalization) The Debt Trap: The IMF and the Third World The Debt Threat: How Debt Is Destroying the Developing World Unholy Trinity: The IMF, World Bank and WTO

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James Opiko - who has written 590 posts on PoliticalArticles.NET.


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1 Comments For This Post

  1. Bankole says:

    Lest We Forget

    Zoellnick, another multimillionaire, quit the US Dept. of State in 2006 to go to Goldman Sachs, the pirate… uh, financial firm.

    Right afterward, mid 2007, he replaced Wolfowitz at the World Bank helm.

    Just call Zoellnick ‘Foxwitz’ for his lower key profile but deadly effectiveness. He’ll bite his lip where Wolfowitz was rabid.

    Now, his shares at GS are through the roof while the business grins it’s way through the ‘debt crisis’ crippling other greed outfits and dooming homebuyers and homeowners worldwide. Lloyd Blankfein, CEO at Goldman Sachs is getting (at least) $70 million USD in 2007 bonus money since he couldn’t live on his 2006 bonus of $54 million USD.

    Then, Zoellnick, World Bank head (who cares about equity in the world?!) has the nerve to say that African countries will be eligible for loans based on their proving that they can pay up.

    Keep Strong,

    Bankole

1 Trackbacks For This Post

  1. pennsylvaniausonline.info » Blog Archive » Stella in Pittsburgh says:

    [...] [1] — http://www.splcenter.org/news/item.jsp?sid=94 [2] — http://www.aclu.org/immigrants/discrim/26465prs20060815.html [3] — http://www.blackcommentator.com/231/231_cover_anti_immigrant_in_black_face_fletcher_ed_bd.html [4] — http://www.bls.gov/ [5] — http://www.politicalarticles.net/blog/2007/06/05/the-world-bank-must-be-returned-to-the-world/ [6] — http://www.marxists.org/subject/africa/rodney-walter/how-europe/index.htm [7] — http://en.wikipedia.org/wiki/History_of_Rwanda [8] — http://www.dsp.org.au/links/back/issue21/Lorimer.htm [9] — http://en.wikipedia.org/wiki/Cultural_imperialism [10]– http://www.thirdworldtraveler.com/Helen_Caldicott/Third_World_Debt_IYLTP.html [...]

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