The limits of reform: the Wolfensohn era at the World Bank

(May 9, 2005) With all the hullabaloo generated by the designation of Paul Wolfowitz as his successor, outgoing World Bank President James Wolfensohn’s record in leading the Bank has so far escaped serious scrutiny, claim Walden Bello and Shalmali Guttal in a new report drawn from Bello’s latest book, Dilemmas of Unmaking the American Empire.

African women carry the debt burden

(May 9, 2005) As Mother’s Day, May 8, was being celebrated around the world, the majority of mothers in Africa, who make up over half of the continent’s 680 million people, received neither flowers nor cards from their doting children. In fact, the vast number does not know of the day’s existence, nor even its significance.

May 2005 Campaign Letter

If there’s a silver lining to the war in Iraq, it is this: The arms merchants who supplied Saddam Hussein’s military machine will not be repaid. The foreign financiers who financed Saddam Hussein’s undemocratic regime will not be repaid. The foreign multinationals who bribed Saddam’s cronies to secure oil concessions in Iraq will lose these concessions.