False Claims Exposed: World Bank Is No Solution

Investigation Tears Veil Off World Bank’s “Promise” to Eradicate Poverty

by Kanya DAlmeida (united nations), Inter Press Service, Thursday, April 16, 2015

UNITED NATIONS, Apr 16 (IPS) – An expose published Thursday by the International Consortium of Investigative Journalists (ICIJ) and its media partners has revealed that in the course of a single decade, 3.4 million people were evicted from their homes, torn away from their lands or otherwise displaced by projects funded by the World Bank.

Nearly 50 percent of the estimated 3.4 million people who were physically or economically displaced by World Bank-funded projects in the last decade were from Africa and Asia. Credit: Abdurrahman Warsameh/IPS

Over 50 journalists from 21 countries worked for nearly 12 months to systematically analyse the bank’s promise to protect vulnerable communities from the negative impacts of its own projects.

Reporters around the world – from Ghana to Guatemala, Kenya to Kosovo and South Sudan to Serbia – read through thousands of pages of World Bank records, interviewed scores of people including former Bank employees and carefully documented over 10 years of lapses in the financial institution’s practices, which have rendered poor farmers, urban slum-dwellers, indigenous communities and destitute fisherfolk landless, homeless or jobless. Continue reading