Amidst a global movement to rid debtor countries from the outside influence of the World bank and its cronies in Washington, the Bank itself wonders how to improve its lending portfolio. With many new competitors in the investor pool, the new World Bank President is strategizing on the future of the Bank and looking into new lending instruments and operational tactics.
Formerly Vice Chairman, International, of Goldman Sachs Group, and a Managing Director and Chairman of Goldman Sach’s Board of International Advisors, this comes as no surprise.
See the International Herald Tribune 28 August:
http://www.iht.com/articles/2007/08/28/business/zoellick.php
Given the power the Bank has over debtor countries institutional and policy frameworks, new "products" designed on Wall Street and sold by the Washington controlled Bank is exactly what Southern borrowers don't need.
Hundreds from India will challenge the entire notion of World Bank and Private Capital interference in the nation's policy framework at the World Bank Tribunal this September at JNU, New Delhi.
Find out how to participate at www.worldbanktribunal.org
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment