Tag: World Bank
Last week’s World Bank report on Sri Lanka revealed that poverty has increased over the past four years—from 11 percent in 2019 to almost 26 percent in 2024. This means more than a quarter of the Sri Lankan population is living in poverty.
Been eating a bit too much ice cream this sweltering summer? Thinking about going on a bit of a diet? Well, imagine yourself counting calories but exempting anything with sugar from all your counting.
The most powerful private financial interests in the world, under the cover of COP26, have developed a plan to transform the global financial system by fusing with institutions like the World Bank and using them to further erode national sovereignty in the developing world.
Michael Hudson and Pepe Escobar resume their conversation about a global monetary system that appears headed for divorce.
