The following comes to us from Marion Edwyn Harrison, Esq.:
http://www.freecongress.org/commentaries/2007/070510.aspx
The media has said little about revenue sources of the World Bank. The institution’s structure is complicated. Suffice it to say that there are five entities which, somewhat loosely speaking, comprise the World Bank Group. Probably most of the time people are referring to the International Bank for Reconstruction and Development when they refer to the World Bank. However organized, the entity supposedly exists for the principal purpose of assisting certain types of development in poor countries - or, as they sometimes optimistically (and more politically correctly) are termed, “developing” countries. It formally came to life in December 1945, shortly after World War II, following the Bretton Woods Agreements. Its ten Presidents all have been Americans. Its staff and contractors are of widely divergent nationalities but, not surprisingly, American influence is substantial.
About 17% of World Bank revenue comes from American taxpayers by way of Congressional appropriations. The current figure is in the $ 7 billion range.
Would it not be wise were the (Republican) Presidential Administration and the (Democratic majority) 110th Congress both seriously to evaluate two considerations: (1) Should American taxpayers be helping the poorer world, if at all, and if so, through a more or less international banking operation as distinguished from direct and directly accountable and publicized foreign assistance - that is, appropriations of taxpayers’ dollars? (2) If the World Bank route is to continue, should both the authorizing laws and the appropriations acts require a reasonable level of accountability as to what the World Bank is doing, how it is doing it and at what operational, personnel and other costs?
Originally posted by der schwarze RitterThe World Bank is non-discriminatory.
The following comes to us from Marion Edwyn Harrison, Esq.:
http://www.freecongress.org/commentaries/2007/070510.aspx
The media has said little about revenue sources of the World Bank. The institution’s structure is complicated. Suffice it to say that there are five entities which, somewhat loosely speaking, comprise the World Bank Grou ...[text shortened]... the World Bank is doing, how it is doing it and at what operational, personnel and other costs?
It steals from all people (except the ultra wealthy): poor, Republican, Democrat, socialist, capitalist, South American, Asian, European, American, etc, etc.
D