Tag: privatization
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How rich-country government and World Bank funding to for-profit private hospitals causes harm, and why it should be stopped
By Anna Marriott, Oxfam International, 26 June 2023 Development finance institutions owned by European governments and the World Bank Group are spending hundreds of millions of dollars on expensive for-profit hospitals in the Global South that block patients from getting care, or bankrupt them, with some even imprisoning patients who cannot afford their bills. At…
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First, Do No Harm: Examining the impact of the IFC’s support to private healthcare in India
By Anjela Taneja and Amitabha Sarkar, Oxfam International, 26 June 2023 This report examines the support to private healthcare provision in India by the World Bank’s private sector arm, the International Finance Corporation (IFC). Despite supporting private healthcare in the country since 1997, no healthcare results for lending and investments have been disclosed since the…
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The Collapse of Neoliberal Privatisation
By C P Chandreasekhar on IDEAs 19 April 2024 Thames Water, one of England’s many regional water monopolies, infamously privatised by Margaret Thatcher in the 1980s and symbolising the dramatic turn in economic policy that neoliberalism implied, is finally collapsing. Unable to mobilise £500 million from shareholders who have milked the company over years, Kemble…
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Sick development: how rich-country governments and World Bank funding to for-profit hospitals causes harm, and why it should be stopped
Anna Marriot, Oxfam International, June 2023. Development finance institutions owned by European governments and the World Bank Group are spending hundreds of millions of dollars on expensive for-profit hospitals in the Global South that block patients from getting care, or bankrupt them, with some even imprisoning patients who cannot afford their bills. At the height…
