Tag Archives | World Bank

World Bank Critics Attacked and Jailed

Members of the Boeung Kak Lake community in Cambodia demonstrate at a police blockade in December 2012 on the second day of community activist Yorm Bopha’s trial, on trumped up charges apparently brought for speaking out on forced evictions linked to a World Bank financed project. © 2012 John Vink via HRW

Members of the Boeung Kak Lake community in Cambodia demonstrate at a police blockade in December 2012 on the second day of community activist Yorm Bopha’s trial, on trumped up charges apparently brought for speaking out on forced evictions linked to a World Bank financed project. © 2012 John Vink via HRW

Human Rights Watch says the World Bank critics were attacked by local governments, with almost complete impunity.

A report, by Human Rights Watch, entitled “At Your Own Risk: Reprisals against Critics of World Bank Group Projects” says that though the World Bank and many of the companies it invests in have “policies that require them to consult communities and safeguard against causing harm to them and the environment through their investments… in reality this often adds up to very little when communities come under attack.”

The organization says “people in Cambodia, India, Uganda, Uzbekistan, and elsewhere have faced reprisals from governments and powerful companies for criticizing projects financed by the World Bank and the IFC [which] failed to respond meaningfully to abuses that make a mockery out of their own stated commitments to participation and accountability…the World Bank Group has failed even to take appropriate action when people have suffered reprisals specifically because they were involved in bringing human rights concerns to the attention of Group officials.”

Though the World Bank says it spoke out against some of these abuses and attempted to seek remuneration for the victims, their claims are contradicted by their subsequent choice to enable the perpetrators.… Read the rest

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Russia Wants to Give Weapons to Mexico

Russian Republic of Chechnya (Originally published by The Fifth Column News) – Speaker for the Chechnyan Parliament, Dukuvakha Abdurakhamanov, has announced Chechnya’s willingness to send an undisclosed amount of high-tech weapons and ammunition to Mexico. His announcement comes in response to the continued urging of Congress to send undisclosed amounts of high-tech weaponry to the US sponsored Neo-Nazi regime in Ukraine. Putin’s Russia has already begun to downplay the remark and put as much distance between itself and the allegation as possible. As usual, it is not what political leaders are saying in front of microphones that is important. Other global events happening concurrently among parties which are politically involved with the Ukraine Crisis paint a disturbing picture.

Dukuvakha is making the same kind of threat as a playground bully. If US sends weapons, Chechnya will send weapons. He says the US supplying weapons to Ukraine would be interpreted as a signal to send “the most modern weapons to Mexico.” It would also resume discussions of the legal status of “US-annexed territories that now house California, New Mexico, Arizona, Nevada, Utah, Colorado and a part of Wyoming,” says Dukuvakha.… Read the rest

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According to the World Bank, Preventing Climate Change Would Help the Economy

Credit: Collection of Dr. Pablo Clemente-Colon, Chief Scientist National Ice Center.

Credit: Collection of Dr. Pablo Clemente-Colon, Chief Scientist National Ice Center.

Yes, you read that right. Implementing preventative measures and tackling the climate change before it gets worse would actually save us money and boost the economy. Well, according to the World Bank, who seem to be pro-climate change when dollar signs are in the mix.

Fighting climate change would help grow the world economy, according to the World Bank, adding up to $2.6tn (£1.5tn) a year to global GDP in the coming decades.

The findings, made available in a report on Tuesday, offer a sharp contrast with claims by the Australian government that fighting climate change would “clobber” the economy.

The report also advances on the work of economists who have argued that it will be far more costly in the long run to delay action on climate change.

Instead, Tuesday’s report found a number of key policies – none of which included putting an economy-wide price on carbon – would lead to global GDP gains of between $1.8tn and $2.6tn a year by 2030, in terms of new jobs, increased crop productivity and public health benefits.

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Former World Bank Senior Counsel Karen Hudes Says “Second Species” Controls Human Civilization

Are elongated-skull non-human creatures hiding amongst us? Via Collective-Evolution, about 21 minutes into an eyebrow-raising interview with Red Ice Radio, former senior World Bank lawyer Karen Hudes claims so:
“These countries are not monolithic, there are forces fighting the corruption and there are forces that have totally been co-opted…The group that’s behind the network of control are the Jesuits, and there are also some groups behind them. One of these groups are hominids, they’re not human beings. They are very smart, they are not creative, they are mathematical. They have elongated skulls, they may produce offspring in mating with female humans, but that offspring is not fertile. We live in a world of secret societies, and secrets, and the information that ought to be public is not public.”
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Activists Accuse World Bank’s Lending Arm Of Funding Deadly Honduran Conflict

dinantActivist group Rights Action is accusing the World Bank of indirectly funding a series of attacks against farmers allegedly committed by the security forces of Honduran businessman Miguel Facusse, chief of Corporacion Dinant.

Via Raw Story:

The bank’s private lending arm, the International Finance Corporation, is spearheading several multimillion-dollar projects in Honduras, one of the poorest countries in the Americas. However, some are questioning whether the money is doing more harm than good.

Human rights groups accuse the IFC of ignoring warnings that its funding for the Honduran palm oil industry is helping fuel a deadly land conflict that’s turning the fertile Aguan Valley near the country’s northern coast into a virtual military zone.

Farmworkers say they’ve been forced off land that’s mostly taken up by oil palm tree plantations. The controversy is casting doubts about whether the bank and its 182 member countries can respect their own code of ethics while doing business in politically unstable, corrupt societies.

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Secret Agenda in Syria?

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Is there a secret agenda afoot in America’s rush to war in Syria?
In an August 2013 article titled “ Larry Summers and the Secret ‘End-game’ Memo,” Greg Palast posted evidence of a secret late-1990s plan devised by Wall Street and U.S. Treasury officials to open banking to the lucrative derivatives business. To pull this off required the relaxation of banking regulations not just in the US but globally. The vehicle to be used was the Financial Services Agreement of the World Trade Organization.
The “end-game” would require not just coercing support among WTO members but taking down those countries refusing to join. Some key countries remained holdouts from the WTO, including Iraq, Libya, Iran and Syria. In these Islamic countries, banks are largely state-owned; and “usury” – charging rent for the “use” of money – is viewed as a sin, if not a crime. That puts them at odds with the Western model of rent extraction by private middlemen.
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World Bank: MMORPG Gold Farming Is A 3 Billion-Dollar Industry

Via BoingBoing:
A research arm of the World Bank has produced a comprehensive report on the size of the grey-market virtual world economy in developing countries -- gold farming, power-levelling, object making and so on -- and arrived at a staggering $3 billion turnover in 2009. They go on to recommend that poor countries be provided with network access and computers so this economy can be built up -- a slightly weird idea, given how hostile most game companies are to this sort of thing...
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Japan Estimated To Take Five Years To Rebuild

Tokyo, Japan

Tokyo, Japan

The rebuilding of a city has a price and the World Banks has come up with an estimate. New Zealand Herald reports:

Japan may need five years to rebuild from the earthquake and tsunami that has caused up to US$235 billion ($320 billion) of damage, says the World Bank.

The March 11 disaster will likely shave up to 0.5 of a percentage point from the country’s economic growth this year, the bank said in a report. The impact will be concentrated in the first half of the year.

“Damage to housing and infrastructure has been unprecedented,” the World Bank said. “Growth should pick up, though, in subsequent quarters as reconstruction efforts, which could last five years, accelerate.”

The bank cited damage estimates between US$123 billion and US$235 billion, and cost to private insurers of between US$14 billion and US$33 billion. It said the government will spend US$12 billion on reconstruction in the current national budget and “much more” in the next one.

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