World Bank

From Wikispooks
(Redirected from World Bank Group)
Jump to navigation Jump to search

Group.png World Bank   C-SPAN Facebook History Commons Instagram NNDB Powerbase Sourcewatch Twitter Website YouTubeRdf-entity.pngRdf-icon.png
MottoWorking for a World Free of Poverty
HeadquartersWashington D.C., United States
LeaderPresident of the World Bank Group
TypeMonetary International Financial Organization
Sponsored byRockefeller Foundation
Exposed byJoseph Stiglitz
SubpageWorld Bank/CEO
World Bank/Chief Economist
World Bank/President
World Bank/Vice President

The World Bank is an international group that promotes neoconservatism, under cover of "poverty alleviation".

Official narrative

The group has aims to relieve poverty.


The fact that the group's president is a USA citizen reflects its dominated by the nations of the global north. Its track record is one of effectively promoting the neoconservative agenda of neocolonialism.

Debt crisis

Full article: “Debt crisis”

During the 1970s, the bank made huge loans to the countries of the global south, often with corrupt leaders, that had no real impact at improving the lives of the vast majority of the people there. In the 1980s opnwards, repayments were used as an excuse for external political interference in those countries. "Structural adjustment policies" were implemented that were designed to 'streamline the economies of developing nations' (i.e. to enrich the countries of the global north). UNICEF reported in the late 1980s that the World Bank's structural adjustment programs had "reduced health, nutritional and educational levels for tens of millions of children in Asia, Latin America and Africa".[1]

The Summers Memo

An internal memo from the then World Bank Chief Economist, Lawrence Summers, is revealing about the bank's decision making process - as is the fact that its publication did not appear to have a negative impact on his career.


Event Sponsored

Rockefeller Foundation


  1. Cornia, Giovanni Andrea; Jolly, Richard; Stewart, Frances, eds. (1987). Adjustment with a Human Face: Protecting the Vulnerable and Promoting Growth. New York, NY: Oxford University Press USA. ISBN 978-0-19-828609-7.Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "CSS").