Brits withhold World Bank funds

[malaise]

<snip>
The UK is withholding £50m it had pledged to the World Bank in protest at conditions it attaches to aid.
International Development Secretary Hilary Benn voiced concerns that the Bank is telling poorer nations how to run their affairs.
He is concerned that the Bank has been demanding too strict conditions before giving aid to developing countries...
The UK had taken the stance as it opposed World Bank efforts to impose damaging policies that force poorer countries to liberalise their markets.
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Great news -the neocons have fugged up again. Of course liberalize means selling resources to the cons.
http://news.bbc.co.uk/1/hi/business/5344752.stm

[madokie]

1. wolfie at work doing what he does best

taking advantage of the disadvantaged

[mom cat]

4. There is a lot more on Wolfie in the article:

From the article:
"Mr Benn said the Bank had a duty to help those in poverty despite the actions of their governments.

The Bank has for a long time insisted that the countries it lends to meet economic targets and has encouraged trade liberalisation.

In addition, since taking over as head of the Bank last year, World Bank chief Paul Wolfowitz has made it his mission to tackle corruption in poorer countries.

His campaign has led to hundreds of thousands of dollars of loans and contracts to countries like Chad, Congo, Ethiopia and Bangladesh being suspended."

Much more in the article. This is a must read!!

[flyingfysh]

2. there is a relevant book

Read "Confessions of an Economic Hit Man".

[mom cat]

3. Finally ... a voice of reason! .... K&R ... Rate this up folks!

[malaise]

5. Shameless kick n/t

[mom cat]

7. Another kick for quality!

:kick:

[Greeby]

6. A member of the Blair government decrying privitatization?

Talk about pot calling the kettle black :eyes:

[sweetheart]

8. I like it when the brits are smart

Gosh, why is tony still there....