There is this an "organization" called The World Bank. As an uninformed, unofficial observer in Tanzania I am not sure if it is a bank, government institution, aid agency, loan shark, or a scam. You can visit their website and find their version. I am giving an opinion based on seeing who they give loans to in Tanzania.
Despite the fact that America is the main source of funds I doubt 20% of Americans know of this organization. If you live in the developing world you would of heard of it.
In my humble opinion , in short, it is an organization to divert various government funds back into rich peoples pockets. PERIOD.
Here is a recent article in the New York Times about the World Bank President Wolfowitz, which gives you an idea of some of the issues:
- Does The World Bank really help developing countries?
- Why does America get to "appoint the President?
- The article doesn't come out and say it but the woman in the article is Wolfowitz's girlfriend.
- Why does any governments hope to accomplish by giving low interest loans to huge projects in the developing world?
- In Developing countries, why do the loans go to foreign owned entities at all?
- Anyone who is Dick Cheney's buddy is suspect in competence, morality, etc
- Shouldn't the president of the world bank be a socialist?
- How successful are their projects?
- Wofowitz was born with a silver spoon up his ass. He was never in Peace Corps, never hitchhiked, never worked for minimum wage, never had someone beg for a dollar to live for the next day, never was a backpack traveler, never slept in a one room mud house, never took public transport. How can he run an organization with the word "world" in it, as the alleged beneficiaries do all the above?
I don't know who to give credit for this latest news article, but it came from a reliable source (email).
Wolfowitz's Girlfriend Resigns as Wolfowitz's Girlfriend
Relinquishes Girlfriend Post `Effective Immediately'
In yet another setback for the embattled World Bank
president, Paul Wolfowitz's girlfriend Shaha Riza
announced today that she was resigning as Mr.
Wolfowitz's girlfriend, "effective immediately."
While Ms. Riza's role in the conflict of interest
scandal involving Mr. Wolfowitz and the World Bank had
placed her in the eye of the media storm, few had
expected her to relinquish her girlfriend post without
a fight.
But according to a source close to Ms. Riza, the
increasing pressure on the high-profile couple in
recent days had convinced her that she "could no
longer function effectively as Paul Wolfowitz's
girlfriend."
A joint communiqué released by the couple indicated
that the decision to leave her girlfriend post was
entirely Ms. Riza's, but sources close to Mr.
Wolfowitz suggest that the idea had originated not
with her, but with the World Bank president himself.
According to one source, "Paul had dinner with Shaha
last night and told her they should start seeing other
banks."
News of Ms. Riza's departure sparked speculation that
Mr. Wolfowitz's might have difficulty acquiring a new
girlfriend, but according to Vice President Dick
Cheney, who has served as Mr. Wolfowitz's unofficial
"wingman" for years, nothing could be farther from the
"The fact that the World Bank found Paul guilty of
wrongdoing gives him an air of danger," Mr. Cheney
said. "The ladies dig that."
