So the Wolfowitz saga continues. I didn't want to post on this anymore but found a great number of examples of how the World Bank has fucked around a bunch of countries in the last decade:
"The truth is that the bank's credibility was fatally compromised when it forced school fees on students in Ghana in exchange for a loan; when it demanded that Tanzania privatise its water system; when it made telecom privatisation a condition of aid for Hurricane Mitch; when it demanded labour "flexibility" in Sri Lanka in the aftermath of the Asian tsunami; when it pushed for eliminating food subsidies in post-invasion Iraq. Ecuadoreans care little about Wolfowitz's girlfriend; more pressing is that in 2005 the World Bank withheld a promised $100m after the country dared to spend a portion of its oil revenues on health and education. Some anti-poverty organisation."
Meanwhile, sweet monkeys! It seems like Venezuala has the right idea: they are leaving both the World Bank and the IMF.
"'We are going to withdraw before they go and rob us.' Chavez intends to set up a new lender run by Latin American nations which he has called the 'Bank of the South'. "
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