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Author Archive | Damien Millet

Distribution of Voting Rights among World Bank Directors in 2008

How Does the World Bank Function?

The International Bank for Reconstruction and Development (IBRD) was established at Bretton Woods in July 1944, at the initiative of forty-five countries that had come together for the first monetary and financial conference of the United Nations.  In 2010, it had 186 member countries, with Kosovo its latest addition (it joined in June 2009). The […]

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The Triple Failing of the Big Private Banks

Since August 2007, US and European banks have constantly made headline news concerning the deep crisis they are going through and its knock-on effect on the neoliberal economic system as a whole.  Asset depreciation for these banks currently stands at over 200 billion dollars.  Several banking research services and seasoned economists estimate that the final […]

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