|
|
|
|
Funding the World Bank: It's Done More Harm than Good |
| Section: CURRENT ISSUES / COMMENTARY |
| Author: John G. Thibodeau |
| Publication: The world & I online |
| Issue Date: 2/1/1997 |
| Size: 1,943 Words, 12,413 Characters |
|
The Clinton administration, which favors a continued strong U.S. involvement in the World Bank, had hoped to contribute about $1.3 billion to IDA in each of the next three years. But Congress, now discouraged by years of destructive bank lending and domestic budget constraints, made it clear that it would not approve such a large request. The president had no choice but to acquiesce; he did not request any new money for IDA in 1997 and has stated that the administration will ask Congress for only $800 million in each of the second and third years of IDA-11 (1998 and '99), the present replenishment cycle.
Because most other countries' IDA contributions are tied proportionately to U.S. donations by an unofficial "burden sharing" agreement, reductions in U.S. contributions to IDA have led ...
. . .
... continued IDA funding remains. IDA projects have caused untold harm to the people, environments, and economies of many Third World societies, all the while draining the pocketbooks of donor country taxpayers.
Congress and parliamentarians in all of the World Bank's donor countries should halt future approriations of their constituents' scarce tax dollars to this deeply flawed institution.
(806 of 12,413 characters)
Do you want to read
the whole article? You can
purchase it here.
Subscriber Login |
|
|
Publication Details
(The World & I Online) |
|
The World & I Online is a
comprehensive academic resource that encompasses a broad range of
articles by scholars and experts in the areas of Global Studies,
Liberal Arts, Fine & Applied Arts, General Science, and Spanish.
Originally published monthly in print as The World & I, our site
includes the complete contents since 1986 and continues to publish
a new issue online each month. |
|
Individual Subscription
|
 |
|
|
|
College Orders (based
on full-time enrollment) |
|
-
2 to 5 Computers |
|
-
Up to 1,000 Students |
|
-
1,001 to 2,500 Students |
|
-
2,501 to 5,000 Students |
|
-
5,001 to 10,000 Students |
|
-
10,001 or More Students |
|
|
|
Public Library Orders |
|
-
2 to 5 Computers |
|
-
6 to 50 Computers |
|
-
51 to 100 Computers |
|
For over 100
computers, call 866-211-6040. |
|
|
