Category: Export Credit

World Bank Backgrounder # 49

(June 8, 1995) G-7 Communique expected to call on World Bank to strengthen environmental policies, while critics call focus on environment a publicity stunt

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Your tax dollars are financing the forced relocating of 1.3 million Chinese

(March 21, 1995) Last November, while leading his Team Canada mission in China, Prime Minister Jean Chretien shocked Canadians by announcing Canadian government support for the mammoth Three Gorges dam project on the Yangtze River, and his intention to use tax dollars to help finance this controversial project.

50 years is enough

(January 1, 1994) PROBE INTERNATIONAL is calling for an international investigation and audit of the World Bank by a team of independent national auditors from member countries into the financial soundness of the Bank; the costs to taxpayers of maintaining the Bank’s preferred creditor status; and the voting structure and secrecy of the Board of Executive Directors.

Subsidies to Canadian corporations are fueling the Third World’s debt and destroying its environment

(March 21, 1990) It contributes to the Third World’s debt and to the destruction of the Third World’s environment. It provides handouts to Canadian corporations, and administers a muti-billion dollar federal government pot called the “Canada Account,” which provides still more handouts and contributes to our own deficit. It acts so irresponsibly that Kenneth Dye, Canada’s Auditor General, rebuked it for misleading the public by failing to follow “generally accepted accounting principles.”