Archive for the 'IMF/World Bank' Category

Locking ourselves in and throwing the key away

The comments by the head of the European Commission delegation to Malaysia, Thierry Rommel, have triggered a storm a controversy with a lot of attention focused on the New Economic Policy. He said the rationale for expressing his concerns over the pro-bumiputera affirmative action policies was in relation to FTA negotiations between the EU [...]

World Bank should go with Wolfowitz

So Wolfowitz goes without being held accountable for his criminal scheming against Iraq.
After I wrote the piece below, an academic friend told me, “Although he did have to step down, it was hardly a fall — guy walks away with that statement about acting in good faith, plus a golden hand-shake of a year’s [...]

Makeover for predatory IMF and World Bank

While attending the Annual Meetings of the Boards of Governors of the International Monetary Fund and the World Bank in Singapore, I soon realised that a slick makeover job, a real PR job, was underway.
In recent years, these two global financial institutions have received some bad press for the tremendous damage their policies have had [...]

Beware the ‘reformers’ in sheep’s clothing

When I attended the Annual Meetings of the Boards of Governors of the World Bank and the International Monetary Fund in Singapore, one thing I quickly realised was how even language - the common everyday words we are familiar with - could be hijacked by Big Business to mask ulterior motives. Sugar-coated, benevolent words are [...]

World Bank profits from poor nations

When people think of the World Bank, the image they often see in their minds is one of a global financial institution that provides loans to developing nations to raise their standard of living. That is basically the picture that the Bank’s PR people would like you to see.
The reality is quite different. The World [...]