8 thoughts on “Neo-Conservative Paul Wolfowitz Running World Bank

  1. Is the World Bank Still a Player?

    Political cafe
    December 9 2005
    International School for Humanities and Social Sciences
    Prins Hendrikkade 189-B, Amsterdam

    Resource speakers:
    Jun Saturay (Philippines)
    Longgena Ginting (Indonesia)

    After more than 60 years of existence the World Bank still has an enormous leverage on the economic and financial policies of countries from the Global South. Projects, promoting orthodox economic restructuring and socially and environmentally unsustainable infrastructure development still make up the biggest bulk of bank-financing.

    The price Southern countries have paid for WB interference and subtle leadership has been quite high. Some examples of countries that have been substantially affected by the WB are the Philippines and Indonesia. Facilitated by the World Bank’s “Mining Act,” the Philippine government heavily uses military force and has committed numerous human rights abuses as a means to silence opposition against mining companies.

    Why should you inform yourself about the role of the World Bank?
    For raising its funds the World Bank depends on financial markets for up to 80%. In order to gather funds for water-and land-privatization projects, oil pipe-lines or dam constructions the Bank has to have investors purchase their bonds. It is often the general public, represented by institutions such as universities, pension funds and city-halls which end up buying the risk-free World Bank Bonds. Thus it is the constituents of public institutions that can ask their university, city or pension fund to scratch WB bonds out of their investment preferences until considerable changes by the Bank have been undertaken.

    Join us for a talk and drink at 16.00 at December 9th to learn more about the struggles of campaigners from Indonesia, Philippines and other developing countries triggered by the World Bank’s orthodox economic policies. We can further discuss a number of simple but “unusual” practical solidarity actions you can undertake in the Netherlands.

    A SEED Europe: + 31 20 668 22 36, Filka Sekulova
    FOEI: + 31 20 622 13 69, Longgena Ginting SAP, ISHSS

    Read about the human rights situation in the Philippines.

    Sign the NFS petition against state-terrorism in the Philippines.


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