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	CNN.com - World Bank warns of poverty, child deaths - October 2, 2001
		World Bank president James Wolfensohn told CNN that the loss of confidence that followed the attacks could result in slower economic activity worldwide.
		World Bank chief economist Nicholas Stern said it was more important than ever to maintain world trade, as slowdowns are often accompanied by pressure to boost protectionism.
		IMF chief economist Ken Rogoff, speaking at a September 26 press conference launching the fund's October 2001 World Economic Outlook, said it was premature to try to quantify exactly the implications of the attack for growth in the U.S. and elsewhere.
	edition.cnn.com /2001/BUSINESS/asia/10/02/worldbank.biz (661 words)

	Plunder Human Face World Bank
		At the World Bank's annual meeting in Hong Kong in September, Wolfensohn called for a bank "rooted in villages and poor countries" not in Washington.
		During the 1980s, the Bank's SAPs were "the second prong of the massive assault that Washington mounted against the South." The other prong was "low-intensity conflicts" (LIC), the U.S. Iaunched against governments in Afghanistan, Angola, Nicaragua, Panama, and Grenada, and against liberation movements in El Salvador, Guatemala, and the Philippines.
		The insistence on capital liberalization is revealing of the true agenda of the World Bank and the IMF since 1945: fully integrating the Third World into the global capitalist system in the subordinate position of raw material supplier and open market.
	www.thirdworldtraveler.com /IMF_WB/PlunderHumanFace.html (1679 words)

	BBC News \| SOUTH ASIA \| World Bank backs Pakistan reform
		World Bank chief economist, Nicholas Stern, is visiting Islamabad and has met the military leader, General Pervez Musharraf, and other government officials.
		The chief economist, who spent four days in Pakistan, said the 1990s had been a decade of economic disappointments and the next few months were vital to revive growth.
		The chief economist said education was the highest investment return of all, particularly for girls, and was a readily available source of growth that no country could afford to deny itself.
	news.bbc.co.uk /1/hi/world/south_asia/1253286.stm (438 words)

	CNN.com - World Bank warns of growth risks ahead - August 22, 2002
		World Bank chief economist Nicholas Stern said a global GDP of $140 trillion could not be sustained on current production and consumption patterns.
		According to the World Bank, the over-use of fragile land is especially critical for East and South Asia.
		The World Bank says it wants the political, private sector and civil society representatives attending next week's World Summit on Sustainable Development in Johannesburg to agree on steps that can be taken to ensure a balanced approach to growth.
	archives.cnn.com /2002/BUSINESS/asia/08/22/asia.worldbank.biz (637 words)

	World Bank Economist Sees Anti-Market Force in Capitalism
		World Bank chief economist Joseph Stiglitz charged that problems blamed for the financial crisis in Asia were also rife at troubled US-hedge fund Long-Term Capital Management.
		World Bank president James Wolfensohn told world finance officials it was now time "to go beyond financial stabilization" to engage in a debate "where mathematics will not dominate humanity, where the need for often drastic change can be balanced with protecting the interests of the poor."
		But Joseph Stiglitz, chief economist of the IMF's sister organization, the World Bank, told journalists on Friday that he favors a policy approach that is diametrically opposed to that put forward by Mussa.
	www.progress.org /imf20.htm (793 words)

	World Bank Economist Felt He Had to Silence Criticism or Quit (Site not responding. Last check: 2007-11-07)
		As the World Bank's chief economist, he has had a seat at the policy-making table.
		His appointment as chief economist would have come up for renewal in February and he had said that he intended to remain in Washington at least until his youngest child graduates from high school next June.
		Wolfensohn praised Stiglitz last week for moving the bank away from the market-oriented "Washington consensus." Indeed, with Wolfensohn's support, Stiglitz had gone public with criticism of official policy far more than he had while working for President Clinton as a member of his Council of Economic Advisers and then as the council's chairman.
	www-personal.umd.umich.edu /~mtwomey/newspapers/worldbank-stiglitz.html (1224 words)

	UniMaps.com - The World Bank
		World Bank and the International Monetary Fund (IMF) were born in 1944 with simple, laudable mandates -to fund postwar reconstruction and development projects (World Bank), and lend hard currency to nations with temporary balance-of-payments deficits (IMF).
		Third World nations, hemorrhaging after the fivefold increases in oil prices and a similar jump in interest payments, brought their begging bowls to the IMF and World Bank.
		World Bank plans are devised in secrecy and driven by an absolutist ideology, and are never open for discourse or dissent.
	unimaps.com /world-bank (989 words)

	World Bank Finds Global Poverty Down By Half Since 1981 (Site not responding. Last check: 2007-11-07)
		However, the world's population is expected to grow by 1 billion by 2015, thereby raising the number of people potentially living on less than $1 per day and negatively affecting the millennium targets.
		On the goal of ensuring that by 2015 all children in the world are able to complete a course of primary education, East Asia and the Pacific, Eastern Europe and Central Asia, and Latin America and the Caribbean are on track, the World Bank says.
		World Bank indicators show that in 2002, development assistance from the 22 members of the Organization for Economic Cooperation and Development (OECD) accounted for an average of 0.59 percent of government disbursements, compared with an 11 percent expenditure for military activities.
	www.worldrevolution.org /article/1308 (1702 words)

	Robust growth: World Bank - Dec. 5, 2000
		In its annual Global Economic Prospects report, the bank said that while many developing countries could see the fastest growth in a decade, some of the world's poorest countries are hampered by industrial nations' trade barriers, further widening the gap between rich and poor.
		The report forecasts world economic growth of 3.4 percent in 2001, up from a March forecast of 3.1 percent, and predicts growth of 3.2 percent in 2002, up from an earlier 3.1 percent prediction.
		The bank credited the positive prospects for developing countries to many nations' adoption of reforms to cut inflation, increase global integration and improve the health and education of their citizens.
	money.cnn.com /2000/12/05/economy/worldbank_outlook (935 words)

	Remove trade barriers, World Bank to rich nations (Site not responding. Last check: 2007-11-07)
		In a frontal attack on developed nations ahead of the World Trade Organisation Ministerial at Cancun, the World Bank on Wednesday asked developed countries to work out a "trade deal" including removal of trade barriers to accelerate growth in the developing nations.
		World Bank chief economist for South Asia, Sadiq Ahmed said the region must further reduce trade barriers and strengthen competition by improving the investment climate, including a big push to improve infrastructure services.
		World Bank urged all countries to offer "concessions" that would in the end benefit themselves as well as the trading partners.
	www.rediff.com /money/2003/sep/03wbank.htm (410 words)

	The Insider: Joseph Stiglitz, Ex-World Bank Chief Economist, Speaks Out Against The IMF Ecologist, The - Find Articles (Site not responding. Last check: 2007-11-07)
		Joseph Stiglitz was World Bank Chief Economist from 1997-99.
		I was Chief Economist at the World Bank from 1996 until last November, during the gravest global economic crisis in a half-century.
		One of the first lessons economists teach their graduate students is the importance of lags: it takes 12 to 18 months before a change in monetary policy (raising or lowering interest rates) shows its full effects...
	www.findarticles.com /p/articles/mi_m2465/is_6_30/ai_65653647 (896 words)

	Stiglitz, Maverick World Bank Economist, Pushed Out
		On November 23, Joseph Stiglitz, the World Banks Chief Economist and an outspoken critic of the so-called "Washington Consensus," announced his resignation.
		Bank President James Wolfensohn pointed to Stiglitzs frank critiques of IMF programs as evidence of the institutions openness to ideas at odds with the reigning orthodoxy.
		He subsequently emerged from his exile to engage the Banks sister institution, the IMF, in a significant debate in December 1998 by issuing a report that, while delicately refraining from naming the IMF, attacked its response to the East Asian financial crises of 1997-98.
	www.50years.org /cms/ejn/story/215 (709 words)

	IMF Chief Economist Goes Public (Site not responding. Last check: 2007-11-07)
		It concludes with the Bank staff meeting some begging, busted finance minister who is handed a "restructuring agreement," pre-drafted for his "voluntary" signature (I have a selection of these).
		And when the nation explodes, the World Bank "Assistance" plan is ready, telling the authorities to prepare for civil strife and suffering with "political resolve." In these busted nations, "resolve" means tanks in the street.
		The World Bank and IMF had ordered Ethiopia to divert European aid money to its reserve account at the U.S. Treasury, which pays a pitiful 4 percent return, while the nation borrowed U.S. dollars at 12 percent to feed its population.
	skeptically.org /wto/id6.html (1923 words)

	Text: World Bank Report Links Globalization, Economic Growth
		New World Bank research argues in favor of using trade-related globalization as a means of reducing poverty.
		The Bank estimates that 3,000 million people live in the "more globalized" developing economies while about 2,000 million reside in countries that have not managed to become integrated with the world economy.
		The Bank study puts forward a seven-point plan of action that aims to strengthen the benefits of globalization for poor people and to help those countries that have been left out of the benefits of globalization.
	www.usembassyjakarta.org /econ/world_bank.html (2125 words)

	World Bank Former Chief Economist's Amazing Accusations
		Joseph Stiglitz was Chief Economist of the World Bank.
		This is free trade by the rules of the World Trade Organization and World Bank, Stiglitz the insider likens free trade WTO-style to the Opium Wars.
		Stiglitz greatest concern is that World Bank plans, devised in secrecy and driven by an absolutist ideology, are never open for discourse or dissent.
	www.rense.com /general19/eco.htm (1771 words)

	Interview with the World Bank's New Chief Economist - Social and Economic Policy - Global Policy Forum (Site not responding. Last check: 2007-11-07)
		Many World Bank studies have been undertaken on this; indeed, the upcoming World Development Report for 2005 is focused on this pillar.
		The World Bank has argued that those countries that have pursued integration with the global economy have grown more quickly, thereby increasing their capacity to reduce poverty.
		One part of the world is not willing to reduce its well-being today in order to reduce poverty in other parts of the world today, and to increase the welfare of all tomorrow.
	www.globalpolicy.org /socecon/bwi-wto/wbank/2003/1112bourguignon.htm (2175 words)

	Outspoken Chief Economist Leaving World Bank (Site not responding. Last check: 2007-11-07)
		Stiglitz, who joined the World Bank in February 1997 after serving as chairman of President Clinton's Council of Economic Advisers, said he would leave the bank at the end of the year and would soon return to his academic post at Stanford University.
		But his message was greeted enthusiastically in poor countries, and he said he was leaving the bank feeling that he had helped to stimulate a more vigorous debate about the policy prescriptions that wealthy nations impose on developing countries.
		Anstey, the bank's spokeswoman, said that asking Stiglitz to head the search committee was a signal of the institution's "intention to select someone who will continue the Wolfensohn-Stiglitz agenda" of focusing more on the needs of poor countries and less on more orthodox policies developed in Washington.
	www-personal.umd.umich.edu /~mtwomey/newspapers/112599imf-stiglitz.html (910 words)

	Toxic Waste and The World Bank
		An internal memo, written by the World Bank's chief economist Larry Summers in 1991 (which was meant to be ironic) stated: "I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that...
		In April 1989, the World Bank approved a US$99 million loan for the Amazon Basin Malaria Control Project to combat the dramatic rise in the incidence of malaria in Amazonia (from 51,000 cases in 1970 to at least 560,000 cases in 1988).
		The Bank ignored the fact that DDT is banned or severely restricted by more countries than any other pesticide, including in Brazil where, as in many other countries, DDT is prohibited for agricultural use.
	www.whirledbank.org /environment/waste.html (488 words)

	World Bank/IMF Watch
		Globalizer who came in from the cold, interview with former World Bank chief economist Joseph Stiglitz, about how the World Bank and IMF rig the deck against the poor, and how deadly this is for the poorest of the poor.
		The Struggle for a deglobalized world, excerpts from presentations at the demonstrations at the World Economic Forum in Melbourne, Australia, in September 2000.
		By 1994, the World Bank was reporting net annual profits of $1.35 billion, and in 1995, debt of southern hemisphere countries equaled $2,000 billion, much of which consists of capitalized interest.
	www.justpeace.org /wbimf.htm (2986 words)

	The World Bank - Social and Economic Policy - Global Policy Forum (Site not responding. Last check: 2007-11-07)
		The stormy resignation of World Bank Vice President and Chief Economist Joseph Stiglitz in late 1999, and his subsequent public comments, suggest that the Bank is not as benign as it claims to be.
		Paul Wolfowitz, the incoming president of the World Bank, is best known for his hawkish policy as the “godfather of the Iraq war.” The World Bank is under intense scrutiny because of Wolfowitz’s nomination to this post.
		NGOs criticizing the World Bank find unexpected support from the bank’s internal audit that claims the organization’s strategy is “poorly defined” and that poor countries remain inadequately represented in its decision-making.
	www.globalpolicy.org /socecon/bwi-wto/bankind.htm (4319 words)

	UNESCO CII - WebWorld
		Localization—the growing economic and political power of cities, provinces, and other sub-national entities—will be one of the most important new trends in the 21st century, according to a new World Bank report released today.
		Together with accelerating globalization of the world economy, localization could revolutionize prospects for human development or it could lead to chaos and increased human suffering, the report says.
		Century, improved communications, transportation and falling trade barriers are not only making the world smaller they are also fueling the desire and providing the means for local communities to shape their own future.
	www.unesco.org /webworld/highlights/worldbank_170999.html (221 words)

	World Development Report 1999/2000
		Globalization and localization—the integration of the world economy and the increasing demand for local autonomy—are two of the most important forces shaping development as we enter the 21
		It proposes rules and structures on which to build a more effective, comprehensive approach to development; provides valuable insight into how current viewpoints can be adapted to fit evolving development concerns; and offers guidance for decisionmakers, researchers, and others with an interest in development.
		World Bank Chief Economist and Senior Vice President for Development Economics Joseph Stiglitz, and Shahid Yusuf, the team leader for the 1999 WDR presented the main findings of the report and responded to questions from the press.
	www.worldbank.org /wdr/2000 (210 words)

	World Bank chief economist to quit
		Washington, Nov 25: World Bank chief economist Joseph Stiglitz, a respected analyst whose blunt comments often antagonised the US treasury and infuriated the International Monetary Fund, will leave the bank at the end of this year.
		The World Bank said in a statement on Wednesday that Stiglitz, who chaired President Bill Clinton's Council for Economic Advisers before moving to the bank, was returning to an academic post after almost three years as chief economist.
		The World Bank, set up to help revive a troubled world economic order from the turmoil of World War II, concentrates on development issues and easing poverty, while its sister organisation, the IMF, looks more closely at tax and monetary matters.
	www.expressindia.com /fe/daily/19991126/fec26018.html (330 words)

	World Bank Insider Speaks Out : SF Indymedia (Site not responding. Last check: 2007-11-07)
		The "West" or the "First World" is similar in terms of the Christian religion and being white (for the most part), and the "Third World" is predominantly non-white and thus considered inferior and uncivilized.
		The ideology that led to the invention of the term "Third World" similarly led to the invention of the term 'underclass' in America; a nation otherwise advertised as "classless" (Hadjor 1993:129).
		How the World Bank and the IMF divides up countries of the world into zones and ratings is alarmingly similar to HOLC practices.
	sf.indymedia.org /news/2002/02/115110.php (12289 words)

	The IMF is run by free-market fundamentalists, says former World Bank chief economist Joseph Stiglitz. \| March 2004 \| ...
		Free-market economists on the Right in the United States were saying: ‘We want to privatize social security.’ We looked at the numbers and saw that the transaction costs in a public social-security programme are much lower than in a private one.
		For instance, the chief economist of the IMF, Rogoff, after labeling all this stuff snake oil, was induced to go back and look at the evidence, and did come out with a report saying that I was right.
		The Bank’s governance is also different – it’s not just the central banks and the finance ministers, it’s also the aid ministries which always tend to be among the more left agencies in government.
	newint.org /features/2004/03/01/imf-failure (3931 words)

	World Bank President: Krueger push factor.
		Indeed a number of them are apparently hoping that they can push her across 19th street to go and head the World Bank.
		Krueger was formerly World Bank chief economist during some of the Reagan structural adjustment years.
		But perhaps more because it is not clear why the Bush administration would want to reward Krueger with the plum World Bank position, having already placed her in the IMF's number 2 post during the first Bush term.
	www.worldbankpresident.org /archives/000120.php (201 words)

	World Bank Chief Economist - Wikipedia, the free encyclopedia
		The position of World Bank Chief Economist is one of the most influential in economics.
		The chief economist provides intellectual leadership and direction to the Bank’s overall development strategy and economic research agenda, at global, regional and country levels.
		As a member of the Bank’s senior management team the person advises the President and Bank’s management on economic issues.
	en.wikipedia.org /wiki/World_Bank_Chief_Economist (131 words)

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