Tag Archives: World Bank

Ukraine | Ukraine Will Become a Parliamentary Republic

April 17

A political show is moving on in Ukraine. The second round of election is not something unexpected as none of the 39 candidates had a chance to obtain more than 50 per cent of the total votes cast. Following the results of the vote, Volodymyr Zelensky, a comic and a new figure in politics, is leading. He obtained 30.24% of the votes. This is certainly a resounding success, but not a complete victory. Volodymyr Zelensky has no adequate team behind him. Up to now, it consisted mainly of his colleagues involved in television media. However, this may be just a facade, only the tip of an iceberg. And in truth, Volodymyr Zelensky answers to more influential people than, for instance, Ihor Kolomoyskyi, who president Petro Poroshenko believes to be the main puppet master of his competitor.

The IMF and World Bank: Aiding and abetting inequality in Asia

Asia continues to draw attention as the “most important engine of global growth,” according to IMF Managing Director Christine Lagarde. Yet, as growth on the continent intensifies, countries are also experiencing deepening income and wealth inequality. Income disparities in 11 economies – about four-fifths of the region’s population – are widening, and while inequality gaps within countries are closing elsewhere, they have been growing in Asia. By the World Bank’s own account, “inequality in Indonesia has reached historically high levels,” with the wealthiest 10 per cent consuming as much as the poorest 54 per cent in 2014, which is an increase from 42 per cent in 2002.

UN expert urges World Bank to amend its constitution to effectively advance human rights

The World Bank’s commitment to development can and should go beyond financing mega-projects and proactively support smaller, inclusive projects likely to create employment while advancing human rights and environmental protection, a United Nations rights expert has urged.

Morales Declares ‘Total Independence’ from World Bank and IMF

July 22

Bolivia’s President Evo Morales has been highlighting his government’s independence from international money lending organizations and their detrimental impact the nation.

“A day like today in 1944 ended Bretton Woods Economic Conference (USA), in which the IMF and WB were established,” Morales tweeted. “These organizations dictated the economic fate of Bolivia and the world. Today we can say that we have total independence of them.”

Greece | Politico: Greece Requests Loan From World Bank

Greece has requested a loan from the World Bank even though it is in the middle of negotiations with international creditors on the bailout program review, Politico says.

“The government of Greece has asked the World Bank to provide technical and financial assistance to address pressing challenges including: long-term unemployment, economic competitiveness and growth and social protection,” a spokesperson from the World Bank told Politico.