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World Bank

Lebanon: Victims Of Israeli Strikes Say They Won’t Bow To US Pressure

March 26, 2025 Sabah Haider, Mondoweiss. , , , ,
Since February 2025, the United States has intensified its efforts to facilitate normalization between Lebanon and Israel. U.S. Deputy Envoy to the Middle East Morgan Ortagus was reported to have delivered an ultimatum to Lebanese leaders, urging the quick formation of civilian committees for negotiations with Israel. Failure to comply could result in Washington withdrawing from the oversight committee, potentially granting Israel greater operational freedom in South Lebanon. This initiative builds upon previous U.S.-mediated agreements, including the 2022 maritime border deal and the 2024 ceasefire between Israel and Hezbollah.

Development Banker Says US Knew Of Plot To Oust Him Over Nicaragua Loans

January 23, 2025 John Perry, The Grayzone. , , , , , , , ,
After Nicaragua suppressed a violent US-backed 2018 coup d’etat which saw hundreds of deaths, Washington enacted the “Nica Act” sanctions bill in 2018, which largely succeeded in cutting off the country’s funding from international institutions such as the World Bank. According to Nicaragua’s former finance minister, the sanctions had two immediate effects: First, the World Bank stopped financing anti-poverty projects in Nicaragua, meaning that the poorest communities lost funding of around US$500 million annually.

The World Bank Must Stop Ploughing Funds Into Factory Farming

November 15, 2024 Alessandro Ramazzotti, DeSmog. , , , ,
Animal agriculture is one of the leading drivers of the climate crisis. According to a recent World Bank report, food and agriculture generate almost a third of global greenhouse gas emissions, of which meat and dairy account for nearly 60 percent. Separate analysis shows that cattle ranching accounts for around 70 percent of the current deforestation of the Amazon. Recognising the significant problems that animal-based foods are causing, the World Bank’s cafeteria stopped serving meat earlier this year.

Resetting BRICS For The South Slavs, New Europe And The World

October 20, 2024 Batko MIlacic, Orinoco Tribune. , , , , , , , , , , , , , ,
On October 22, in the capital of the Russian Republic of Tatarstan, located less than five hours along the M-12 “Vostok” highway from Moscow, the 16th Kazan BRICS summit opens – an association of 10 countries of a new geopolitical format, ahead of all the slow-moving Western alliances that has fallen into recession or stagnation. Already, Kazan is fully ready to host the leaders of more than 33 countries participating in the BRICS summit in a year when Russia is the chairman of the association of leaders of the multipolar world. The Moscow Kremlin noted that Kazan is fully prepared to host more than 20,000 guests and the summit organizers took into account the interests of more than 30 countries planning to receive an invitation to BRICS or become partner states of this association in the near future.

Tanzanian Farmers Are Paying For ‘Conservation’ With Their Land, Lives

October 17, 2023 Tanupriya Singh, People's Dispatch. , , , ,
Located in Tanzania’s Southern Highlands, the district of Mbarali in the Mbeya region has long been considered the country’s “rice basket”. However, for the past year, smallholder farmers in the area have been unable to cultivate the grain even to securely feed themselves, let alone produce for the market. These farmers are among 21,252 people in Mbarali who are facing eviction from their land under the guise of a ‘biodiversity conservation’ project— namely, the expansion of the Ruaha National Park (RUNAPA) — being undertaken by the Tanzanian government, with funding from the World Bank.

‘Silent Coup’: How Capitalism Defeated Decolonization

September 23, 2023 Chris Hedges, The Real News Network. , , , ,
The 20th Century saw a great global uprising against European imperialism as the former colonial countries shook off their shackles and rose up for independence. More than a half century later, global inequality is sharper than ever before. To understand the current predicament of the vast majority of the world’s people, we must understand the intervening decades. Matt Kennard and Claire Provost‘s book, Silent Coup: How Corporations Overthrew Democracy, looks inside the international architecture of global corporate governance that exists to flout and crush any attempts by the former colonial world to enact development on their own terms. Matt Kennard joins The Chris Hedges Report for a look at this intriguing and essential history.

Transparency International’s Covert Agenda

September 8, 2023 Kit Klarenberg, MintPress News. , , ,
On July 24, it was revealed that Transparency International’s New Zealand wing had enlisted the specialist advice of some of the country’s biggest, most notorious lobbying firms on improving ethical standards in the political and corporate lobbying industry. A local businessman, who’d independently offered to assist TINZ in cleaning up the sector, blew the whistle. Expressing “astonishment,” they compared TINZ’s consultation of high-ranking lobbyists on how to clean up their own industry as akin to “police recruiting gang members to determine new rules on pursuit of fleeing drivers.” Yet, anyone familiar with Transparency International’s history would hardly be surprised.

BRICS Calls For Economic Decision Making In The Interest Of The Majority

August 24, 2023 Abdul Rahman, People's Dispatch. , , , , , , , , ,
The first day of the BRICS summit in Johannesburg saw calls for a more democratic global economic order with greater participation of countries from the Global South. South African President Cyril Ramaphosa set the tone by underlining that BRICS stands for inclusiveness and transparency in its development agenda and must continue to do so. Speaking on the second day, Indian Prime Minister Narendra Modi also said that India fully supports the expansion of the bloc, adding that it welcomed “moving forward with consensus on this.” India also reiterated its proposal for the African Union’s membership in the G20.

How The Global Financial System Traps Countries In Debt

July 12, 2023 Radhika Desai, Michael Hudson and Ann Pettifor, Geopolitical Economy. , , , , ,
So what we were going to talk about is really the Third World debt crisis, the new Third World debt crisis. How similar and how different is it from the one that hit the Third World back in the 1980s? What has been the specific contribution, if any, of the pandemic and the war? And what is the future of the Third World, given that in addition to all the other calamities, it is now hit with this debt crisis? Now, last time we started with a list of seven questions and we only got through the first two. So let me just go through the seven questions and then we will begin with the third question. So the first question was, what was the genesis of the 1980s debt crisis?

What’s Behind The US-Driven Reforms Coming To The World Bank?

June 14, 2023 Conor Gallagher, Naked Capitalism. , , , , ,
Change is coming to the World Bank. While not expected to be formalized until October, it looks like the two big shifts will involve climate change and a bigger emphasis on middle income countries. It’s difficult to predict exactly how the new mission will play out, but one thing is clear: the efforts are being driven by the desire to counter/thwart Beijing’s expanding global influence. Both Treasury Secretary Janet Yellen and National Security Advisor Jake Sullivan devoted chunks of their big China speeches in April to the subject. And it looks like the reforms will go hand in hand with pushing the debunked narrative that Chinese lending is a debt trap while also trying to relegate China to the backseat in the growing number of distressed countries.

BRICS New Development Bank De-Dollarizing

June 8, 2023 Ben Norton, Geopolitical Economy. , , ,
The BRICS bloc of Brazil, Russia, India, China, and South Africa is expanding, and building a new economic architecture to challenge the dominance of the US dollar. One of the most important institutions created by the BRICS is the New Development Bank (NDB). This is a Global South-oriented alternative to the World Bank, which is located in and essentially controlled by the United States. In March 2023, the NDB inaugurated its new chief: Dilma Rousseff, the former president of Brazil, from the South American nation’s leftist Workers’ Party. Rousseff has stressed that the NDB’s goals are financing “infrastructure investments” and “helping our members combat poverty, create jobs, and promote environmentally sustainable development”.

Food Service Workers At The World Bank Announce Picket Line

April 12, 2023 Allyssa Pollard, Unite Here! , , , , ,
Washington, DC – UNITE HERE Local 23 on Thursday released the results of a survey of 76% of the Compass workers who staff food service at the World Bank that detail ways workers struggle to afford necessities like food and housing. Workers are in negotiations for new union contracts that keep up with the cost of living and additionally announced a picket line action on the Compass-operated cafeteria at the World Bank on Wednesday, April 12. UNITE HERE is in negotiations with Compass Group for workers in cafeterias at several high-profile DC locations in addition to the World Bank, including the Smithsonian, the Kennedy Center for the Performing Arts, the National Institute of Health, Freddie Mac, pharmaceutical company AstraZeneca, American University, Catholic University of America, and George Washington University, among others.

World Bank, Brics Bank; New Leaders And Different Outlooks

April 11, 2023 Vijay Prashad, Asia Times. , , ,
In late February, US President Joe Biden announced that the United States had placed the nomination of Ajay Banga to be the next head of the World Bank, established in 1944. There will be no other official candidates for this job since, by convention, the US nominee is automatically selected for the post. This has been the case for the 13 previous presidents of the World Bank; the one exception was acting president Kristalina Georgieva of Bulgaria, who held the post for two months in 2019. In the official history of the International Monetary Fund (IMF), J Keith Horsefield wrote that US authorities “considered that the Bank would have to be headed by a US citizen in order to win the confidence of the banking community, and that it would be impracticable to appoint US citizens to head both the Bank and the Fund.”

How The World Bank Weakens Health Systems

November 2, 2022 People's Dispatch. , , ,
Natalie Rhodes, PhD candidate at University of Leeds, and People’s Health Movement, along with Remco van de Pas, researcher at the Centre for Planetary Health Policy, and People’s Health Movement discuss in detail about the implications of the newly established World Bank fund for Pandemic Prevention, Preparedness and Response and the Bank’s other policies pertaining to public health.

Protesters Outside IMF, World Bank Meetings Demand Climate Action

October 14, 2022 Channel News Asia. , , , ,
Dozens of protesters demonstrated outside the annual meetings of the International Monetary Fund and the World Bank in Washington DC on Thursday (Oct 13), expressing opposition to funding of fossil fuels and demanding urgent action to tackle climate change. Some of the activists gathered on bicycles and called for support for nations affected by climate change. They carried posters that said "World Bank of climate chaos", "stop funding fossil fuel", "People over profit" and "actions speak louder than words".
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