Tag: World Bank
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The ‘Billions to Trillions’ charade
By Jayati Ghosh, 27 May 2024, published first in Social Europe and then in IDEAs. The international-development sector has become fixated on calculating financing gaps. Hardly a day goes by without new estimates of the funds low- and middle-income countries (LMICs) need to meet their climate targets and achieve the United Nations Sustainable Development Goals…
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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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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…
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World Bank Enables Foreign Aid Theft
Jomo Kwame Sundaram, Jan 17 2024 (IPS) – World Bank aid encourages governments to enable illicit financial outflows to offshore tax havens by reducing capital controls, thus draining precious foreign exchange and government resources. Aiding elite wealthAid disbursements to highly aid-dependent countries coincide with sharp increases in bank deposits in offshore financial centres known for banking…
