Category: Export Credit

World Bank press backgrounders

(January 1, 1995) The world’s largest development institution, the World Bank, is misleading U.S. Congress and taxpayers, according to a new study released by the Canadian environmental group, Probe International.


How to kill the World Bank

(December 9, 1994) When the World Bank celebrated its golden anniversary in Madrid in early October, it promised a new and revitalized "vision" to alleviate Third World poverty.

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.”