Tag Archives | World Bank (WB)

In 2021, after a year-long protest, India’s farmers brought about the repeal of three farm laws that were intended to ‘liberalize’ the agriculture sector. Now, in 2024, farmers are again protesting. The underlying issues and the facilitation of the neoliberal corporatization of farming that sparked the previous protest remain and have not been resolved.

Ajay Banga was anointed World Bank president for promoting financial inclusion. Thanks to its success and interest rate hikes, more poor people are drowning in debt as consumer prices rise.

The World Bank plans to use public funds to subsidize private finance, ostensibly to mobilize much more capital to address the climate crisis. But the new plan is not the solution it purports to be.