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.
WRM spoke with close allies from Brazil, Gabon, India, Mexico and Mozambique, to hear from them and learn about their understandings of development.
Why haven't Africa's post-colonial governments dismantled the colonial plantation model of exploitation and extraction, returned the lands to their people and emboldened a resurgence of Africa's diverse, local food and farming systems?
This article is about how so-called ‘development cooperation’ hides, and grants legitimacy to, an agenda of dispossession and capitalist expansion; and how this ‘cooperation’ actually co-opts the political agenda of grassroots movements.
