26
Aug
2005

Wolfowitz at the World Bank: Unilateral Policy on Ecuador and Pakistan

A superb article on Paul Wolfowitz at the World Bank is now on the homepage of MRZine.org:
//mrzine.monthlyreview.org/anonymous250805.html. (The author has been a senior official in this field and must withhold his identity.) Wolfowitz's first public actions at the World Bank -- unilaterally suspending a loan to Ecuador (two days after Ecuador announced its decision to rescind Occidental Petroleum's contract) and increasing lending to Pakistan, in violation of established WB procedures, in contradiction to recommendations of WB and IMF analysts (as well as country risk assessments of international financiers), and in transgression of the Concordat between the WB and the IMF -- clearly demonstrate Washington's determination to transform the WB into a direct tool of unilateral US policy (as opposed to multilateral elite interests), while ensuring that any country that happens to enjoy windfalls from higher oil prices (or anything else) will be giving them all up to creditors, rather than spending them on social needs.


Yoshie Furuhashi
//montages.blogspot.com
//monthlyreview.org
//mrzine.org

* Mahmoud Ahmadinejad:
//montages.blogspot.com/2005/07/mahmoud-ahmadinejads-face.html //montages.blogspot.com/2005/07/chvez-congratulates-ahmadinejad.html //montages.blogspot.com/2005/06/iranian-working-class-rejects.html


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