The World Bank and Other Financial Institutions

Poverty alleviation,” “sustainability,” “prosperity” and "development" are key words in the public relations materials of the World Bank, its private arm, the International Financial Corporation (IFC), and other development finance agencies. In reality, the policies, programmes and projects promoted by these institutions have time and again caused more poverty, violence and forest destruction.

A young man was killed and other people are still in prison. It was after a protest against the failure of the PHC company to provide local communities with any benefits after 100 years of illegally occupying their land.