Lending policies pushed by the World Bank and IMF transformed a self-sufficient, food-producing Africa into a continent vulnerable to food emergencies and famine.
We failed to heed the advice of one of the most important reports. Now, dams being built follow no social or environmental standards at all, not even the World Bank's modest ones.
The economic weakness in the developing world after recent years of robust growth heightens the risks of social unrest and deepening poverty, according to the World Bank.
Sarah Anderson, Foreign Policy in Focus. May 31, 2007.
The man who tried to equate resistance to corporate globalization with the terrorism of al Qaeda now takes over the World Bank following Paul Wolfowitz's scandal-ridden tenure.
Lindsay Beyerstein: The nomination of Robert Zoellick to replace Wolfowitz as head of the World Bank is yet another case of rewarding a Bush crony with a cushy position.
Cliff Schecter: Bill Frist spares the Bush Administration further embarrassment by withdrawing his name from consideration for the World Bank presidency.
Add Wolfowitz to the rapidly growing list of Bush alums whose career trajectory suddenly plummets upon the disclosure of a pattern of lying obvious to most observers but not to the president himself.
It seems that the decadent cronyism and malignant imperial stance of the Bush administration have been extended to one of the world's leading international institutions.
