A new World Bank report says hundreds of billions of dollars of subsidies to energy producers need to be used instead to “ensure a green and just transition.”
World Bank Seems to Finally Get It
Tag: World Bank
The Poverty Trap
Lower interest rates and longer-term paybacks that match the pace of underlying social progress are key to successful development finance, writes Jeffrey Sachs.
The IMF’s ‘Austerity Drive’
Oxfam estimated that “for every $1 the IMF encouraged a set of poor countries to spend on public goods, it has told them to cut four times more through austerity measures.”
The Lying IMF
Alternative sources of financing are beginning to empower poorer nations in the Global South to pursue projects grounded in genuine development theory, writes Vijay Prashad.
Bolsonarism Without Bolsonaro
The World Bank has sounded the alarm, but the forces of “centrism” — beholden to billionaires and the politics of austerity — refuse to pivot away from the neoliberal catastrophe, writes Vijay Prashad.
Low-Income World in Multi-Trillion Debt Squeeze
Rising interest rates and slowing global growth risk tipping a large number of countries into crisis, Baher Kamal reports.
The System Is Causing Food Crisis, Not the War
Small farmers are the world’s primary food providers. Adele says it’s imperative for policymakers to listen to them, not the big corporates.
The Architecture of Our Future
The anti-inflation policies driven by the U.S. and the Eurozone are not going to ease the burdens on the working class in their countries and certainly not in the debt-ridden Global South, writes Vijay Prashad.
Africa, the Collateral Victim of a Distant Conflict
Memories of older forms of colonialism sharpen the way that many Africans view their treatment now, writes Vijay Prashad.
Investing in Guns or People?
For an explanation of the massive inflationary wave that is now cresting on the world and causing widespread suffering and instability, Vijay Prashad turns to U.S. economic policy.