Posts Tagged 'Jim Yong Kim'

The World Bank and the IMF Are Enabling the Next Crisis

The ingredients of a fresh global economic crisis are assembling, and the IMF and the World Bank are failing to acknowledge their role in creating them.

Larry Elliott, The Guardian’s economics editor, writes:

According to the IMF, global debt has risen to a record level of $152tn (£1223tn) – more than double world GDP – at a time when activity is sluggish. Collapsing commodity prices and weak demand from the west has meant growth in ...

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They Say “Peace” But Really, It’s War – ANDRE VLTCHEK

They say “may peace prevail on earth”, but every night, there are fires burning in the terrible slums of Nairobi, Jakarta, Guatemala City and Mumbai.

The World Education Forum is now taking place in Seoul, South Korea. UNESCO and Korea organized this colorful event. Everyone is talking, others are singing, and a few are dancing.

The Secretary General of the United Nations, Ban Ki-moon, is talking peace, and the head of the World Bank, Jim Yong Kim, is talking peace.

Peace, peace, peace! ...

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World Bank-Funded Projects Fueling Land Grabs, Displacement of Global Poor – Nadia Prupis

The World Bank regularly broke its own promises to protect Indigenous rights around the globe by funding projects that displaced or threatened the livelihood of millions of the most vulnerable people on the planet, a new investigation has found.

Evicted and Abandoned, a joint report published Thursday by the International Consortium of Investigative Journalists and several other outlets, found that a slew of World Bank-funded projects—including dams and power plants—have ...

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A leading French government minister says the number of natural disasters connected to climate change has doubled in two decades, and is urging a global early warning system.

A senior French political leader, foreign minister Laurent Fabius, has told an international conference on how to reduce the risk from natural disasters that 70% of them are now linked to climate change, twice as many as twenty years ago.

Mr. Fabius is the incoming president of this year’s round of negotiations by member states of the UN climate change convention, to take place in Paris in December. He said disaster risk reduction and the struggle against climate change went hand ...

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Bank of England Issues Warning Over Looming ‘Carbon Bubble’ Threat

The Bank of England, one of the oldest banks in the world, has joined the growing ranks of those warning of the

financial risk posed by a “carbon bubble,” which will occur

if urgently needed climate change regulations render coal, oil, and gas assets worthless.

“One live risk right now is of insurers investing in assets that could be left ‘stranded’ by policy changes which limit the use of fossil fuels,” Bank of England official Paul Fisher  Continue Reading →

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