IFC

Why we should be worried by the World Bank shoveling $36bn to ‘financial intermediaries’

Duncan Green - April 2, 2015

Everyone’s heard of the World Bank, but far fewer people know of its private sector arm, the International Finance Corporation, which describes itself as ‘the largest global development institution focused exclusively on the private sector in developing countries’. It’s huge and growing, and it’s got some nasty skeletons in its cupboard – today it comes in for a good kicking from The Suffering of Others, a …

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Bad Aid: How a World Bank private financing scheme is bleeding a nation’s health system dry

Duncan Green - April 17, 2014

So much for the theory, here’s a bit of grim aid practice (and some top advocacy) to end aid week here on the blog. Lehlohonolo Chefa, Director of the Lesotho Consumer Protection Association (LCPA) reflects on a week when his organization’s report on a disastrous health experiment in his country made big waves at the World Bank spring meetings Lesotho is a small mountainous country with …

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Can development really be delivered by investing in private banks?

Duncan Green - April 11, 2014

Peter Chowla of the Bretton Woods Project introduces its new report, which asks why the World Bank is still stuck in pre-crisis thinking about finance and what civil society should do about it. ‘Banksters’ have become famous since the financial crisis just five years ago. Media portrayals of New York’s ‘Wall Street’ or the ‘City’ in London have frequently vilified bankers. Though Occupy Wall Street …

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Does the World Bank speak with forked tongue on Land Grabs?

admin - April 15, 2013

Rob Nash, Oxfam’s Private Sector policy adviser, finds a deep contradiction in the way the World Bank talks (and acts) about land Last week I was at the World Bank’s Land and Poverty Conference in Washington DC, sitting in one of the most luxuriously appointed office buildings I have ever seen, (and I used to work for Lehman Brothers), as we discussed the land issues …

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Health is social, not medical

admin - September 16, 2008

It is often argued that municipal sanitation, rather than doctors, ended the periodic scourges of cholera and other disease that afflicted Victorian Britain (e.g. see here). Now the World Health Organization has adopted an even broader version of the argument in the new report of its Commission on Social Determinants of Health. It marks a significant shift in WHO thinking.

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