-
World Bank enables private capture of profits, public resources
The World Bank insists private finance is needed for economic recovery and the Sustainable Development Goals but does little to ensure profit-hungry commercial finance serves the public interest.
-
Inflation phobia hastens recessions, debt crises
SYDNEY and KUALA LUMPUR, Sep 27, 2022 (IPS)—Inflation phobia among central banks (CBs) is dragging economies into recession and debt crises. Their dogmatic beliefs prevent them from doing right. Instead, they take their cues from Washington: the U.S. Fed, Treasury and Bretton Woods institutions (BWIs). Costly recessions Both BWIs—the International Monetary Fund (IMF) and World […]
