Posts Tagged ‘world bank’
New Latin American Bank : Not Just for Lefties
11:24 am By Jennifer Woodard Maderazo · Latin America|Money · Comments Off
5 Nov 2007
Yesterday morning I was watching Like It Is and there was a discussion about the World Bank and how misleading the name is. While the idea of the bank, created post-World War II, was to help nations in debt, all nations, the fact is that the United States, controlling about 51% of the bank, has turned it into a way to bully nations, especially nations of color. By pushing conditions onto countries needing money (like forcing Tanzania to charge people for hospital visits) the money is by no means strings free. With this in mind, Latin America, and not just Hugo Chavez and friends are creating an alternative to the World Bank and like entities.
Ex-president of Mexico aspires to World Bank
8:09 pm By Jennifer Woodard Maderazo · mexico|Politics · 2 Comments
9 May 2007
Here’s a name I hadn’t heard in a while: Ernesto Zedillo. Perhaps not the most well-known name to non-Mexicans, Zedillo was the much ridiculed PRI president that followed the infamous Carlos Salinas de Gortari, then fell off the (at least my) radar. Now it seems Zedillo wants to make a comeback in another high-profile role: president of the World Bank.
According to Milenio magazine, Zedillo will have to compete with some other very high-profile candidates, among them ex Afghan Finance Minister Ashraf Ghani and the head of the Israeli Central Bank, Stanley Fischer.
The World Bank will be looking to replace president Paul Wolfowitz, whose two-year tenure is mired in scandal over charges that he promoted and gave a hefty raise to his girlfriend, an employee of the Bank.
Via / Milenio
Chavez: Just Say No to the World Bank and IMF
8:00 am By Jennifer Woodard Maderazo · Politics|Venezuela · Comments Off
3 May 2007
On Monday, Venezuela’s President Hugo Chavez announced that his country would no longer be part of the World Bank and the International Monetary Fund(IMF).Chavez said:
“We will no longer have to go to Washington nor to the IMF nor to the World Bank, not to anyone,”.
Venezuela had already been out of the Washington based lending institutions since it had repaid its debts to the World Bank five years ahead of schedule, saving $8 million and paid off all its debts to the IMF shortly after Chavez first took office in 1999. The IMF closed its offices in Venezuela late last year.
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