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World Bank Quotes

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World Bank Quotes

“Marcia Wilson was a good example of Omega’s core strategy for creating a New World Order. It involved placing their people, or moles, in positions of power within the CIA, the NSA, the Pentagon, the White House and global organizations like the UN, the IMF and the World Bank. This enabled Omega to pull some of the strings of these organizations and to direct American, and world politics, to an extent.”

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Book:The Ninth Orphan
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“The multilateral institutions that were introduced in the Post World War II period to coordinate international aid – the IMF and the World Bank – have failed in their respective missions. They became agents for the ‘free market’ ideology and through their structural adjustment packages and related policies have made it harder for a nation to develop.”

EconomicsDeveloping CountriesMacroeconomicsImfWorld BankDeveloping Nations
Book:Modern Monetary Theory: Key Insights, Leading Thinkers
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“The United States is in deficit on raw materials account, but is unwilling to limit its industrial expansion correspondingly. It is in surplus on farm products account, but is unwilling to limit its agriculture accordingly. The peoples of developing countries therefore are to be turned into the instrument through which the otherwise untenable U.S. economic process is perpetuated.”

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Book:Super Imperialism: The Origin and Fundamentals of U.S. World Dominance
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“The easy kind of liberalism, with its hope for ready-to-hand technocratic solutions to social problems, has led them to support the major way in which liberal institutions among backward peoples can be prevented from evolving. Their support for higher living standards for all has been exploited into de facto support of the oppressive and militarist regimes in backward countries. That indeed has become the purpose of the Malthusianism promoted by the World Bank and the government of the United States. American liberals have been its unwitting allies, and thereby the allies of the world’s most reactionary regimes.”

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Book:Super Imperialism: The Origin and Fundamentals of U.S. World Dominance
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“Peace, Inc., is sometimes as worrying and War, Inc. It's a way of managing public anger. We're all being managed, and we don't even know it. The IMF and the World Bank, the most opaque and secretive entities, put millions into NGOs who fight against "corruption" and for "transparency." They want the Rule of Law--as long as they make the laws. They want transparency in order to standardise a situation, so that global capital can flow without any impediment. Cage the People, Free the Money. The only thing that is allowed to move freely--unimpeded--around the world today is money, capital.”

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Book:Things that Can and Cannot Be Said: Essays and Conversations
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“According to Robert S. McNamara, former president of the World Bank, without firm action to further reduce the population growth rate, world population will not stabilize below eleven billion. "At the national level," states McNamara, "rapid population growth translates into a steadily worsening employment future, massive city growth, pressure on food supplies, degradation of the environment, an increase in the number of 'absolute poor,' and a stimulus to authoritarian government.”

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Book:Christ's Victorious Kingdom
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“Nicaragua is a World Bank and International Monetary Fund designated "heavily indebted poor country," with little legal ability to control its economic future: Everything is for sale. And once Nicaraguans decide to cash in and sell their houses or farms, they have to look far inland for anything affordable.”

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Author:Tony D'Souza
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“I think that the movement against the World Bank, against the globalization process that is happening, is very positive. We need a globalization, a globalization of people who are committed to social justice, to economic justice. We need a globalization of people who are committed to saving this earth, to making sure that the water is drinkable, that the air is breathable.”

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Author:Assata Shakur
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“The United States has given frequent and enthusiastic support to the overthrow of democracy in favor of "investor friendly" regimes. The World Bank, IMF, and private banks have consistently lavished huge sums on terror regimes, following their displacement of democratic governments, and a number of quantitative studies have shown a systematic positive relationship between U.S. and IMF / World Bank aid to countries and their violations of human rights.”

WorldHumansCountryStatesGovernmentGivenUnitedNumbersUnited StatesSupportDemocracyStudyRightsHugeDemocraticHuman RightsTerrorFollowingAidsFavorsFriendlyInvestorsRegimesConsistentlyEnthusiasticViolationSystematicDisplacementDemocratic GovernmentImfWorld BankViolation Of Human RightsPositive Relationship
Author:Edward S. Herman
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“The World Trade Organization, The World Bank, The International Monetary Fund and other financial institutions virtually write economic policy and parliamentary legislation. With a deadly combination of arrogance and ruthlessness, they take their sledgehammers to fragile, interdependent, historically complex societies and devastate them, all under the fluttering banner of 'reform'.”

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Author:Arundhati Roy
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“Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that... I’ve always though that under-populated countries in Africa are vastly UNDER-polluted, their air quality is probably vastly inefficiently low compared to Los Angeles or Mexico City.”

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Author:Lawrence Summers
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“In Egypt the neoliberal programs have meant statistical growth, like right before the Arab Spring, Egypt was a kind of poster child for the World Bank and the IMF [International Monetary Fund:] the marvelous economic management and great reform. The only problem was for most of the population it was a kind of like a blow in the solar plexus: wages going down, benefits being eliminated, subsidized food gone and meanwhile, high concentration of wealth and a huge amount of corruption.”

WorldKindChildrenProblemGrowthWealthGoneEconomicHugeAmountBenefitsSpringProgramManagementInternationalPopulationBlowCorruptionReformConcentrationFundMarvelousEgyptWagesMonetaryPostersArab SpringImfWorld BankConcentration Of Wealth
Author:Noam Chomsky
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“One particular spark was when I went back to my favorite spot in the mountains where my father always used to take us before my graduate studies in Canada and finding that the stream I had gone swimming in wasn’t there. The forest had been converted into an apple orchard with World Bank financing. The entire place, literally, had changed.”

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Author:Vandana Shiva
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“The director of the institute where I was working apologized about these young, enthusiastic researchers when the World Bank visited because he was afraid the institute would lose the World Bank consultancies.I went back home and started the Research Foundation for Science, Technology, and Ecology—an extremely elaborate name for the tiny institute that I started in my mother’s cow shed. My parents handed over family resources and said, “Put them to public purpose.” That’s how I survived.”

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Author:Vandana Shiva
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“It’s not that Monsanto is making money out of the blue. It’s making money by coercing and literally forcing people to pay for what was free. Take water, for instance. Water has always been free. We’ve never paid for drinking water. The World Bank says the reason water has been misused is because it was never commercially priced. But the reason it’s been misused is because it was wasted by the big users—industry, which polluted it.”

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Author:Vandana Shiva
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“[Mikhail Bakunin] expectations were generally confirmed, including his prediction that some would seek to gain state power on the backs of popular revolution, then constructing a "Red bureaucracy" that would be one of the worst tyrannies in history, while others would recognize that power lies elsewhere and would serve as its apologists, becoming mystifies, "disablers," and managers while demanding the right to function in "technocratic isolation," in World Bank lingo.”

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Author:Noam Chomsky
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“Too many politicians seem to reach for 'infrastructure' as the default answer to investment, as if roads and bridges were the answer to everything. Even the IMF and the World Bank seem to mainly offer infrastructure spending as an alternative to austerity, although they are right to focus on the need for investment.”

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Author:Mariana Mazzucato
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“The culture of death is imposed by economic and political interests, the arrogance of power, corruption. I blame the first world for having taken our riches for so many years. I am speaking of the superpowers that dominate the life of the world. More concretely, the World Bank, the IMF. Those that have caused and tolerated the death of our people, those responsible for the plundering of the third world. Silence is also part of repression.”

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Author:Rigoberta Menchu
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“The IMF and the World Bank, the most opaque and secretive entities, put millions into NGOs who fight against "corruption" and for "transparency." They want the Rule of Law - as long as they make the laws. They want transparency in order to standardise a situation, so that global capital can flow without any impediment.”

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Author:Arundhati Roy
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“The World Bank is the monopoly provider of poverty data and, partly due to a leadership change there, the World Bank's reporting has been heavily on the rosy side since about 2000. The Bank's cultivation of an upbeat picture affords a very interesting lesson in statistics and how you can, depending on which numbers you present and how you present them, create a more positive or more negative impression of the evolution of poverty.”

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Author:Thomas Pogge
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“Car prices play a large role in calculating PPPs even while they play no role whatsoever in the consumption or consumption needs of the poor. And the prices of rice, bread and beans play a small role in calculating PPPs even though they play a huge role in meeting the consumption needs of the poor. So the World Bank's method of comparing and converting everything at general purchasing power parities into US dollars is highly distorting within an exercise whose purpose it is to determine whether households are or are not capable of meeting their basic consumption needs.”

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Author:Thomas Pogge
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“In 88 poor countries for which we have data, in each and every one of the 88, the PPP for food shows that poor people can buy less food than you would expect from the PPP that the World Bank is using. The reason for this is obvious on reflection. It has to do with the fact that most foodstuffs are tradable commodities: basic foodstuffs, such as rice, flour and beans, can easily be conveyed across national borders and their prices will therefore roughly mirror the exchange rates among currencies.”

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Author:Thomas Pogge
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“By using general consumption PPPs, the World Bank is, in effect, saying to the poor: "Sure, you cannot buy as much food as the dollar value we attribute to your income would buy in the United States. But then you can buy much more by way of services than you could buy with this PPP equivalent in the United States." But what consolation is this? The poor do not buy services - they are services, on their luckier days.”

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Author:Thomas Pogge
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“We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.”

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Author:Louis Thomas McFadden
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“We must work to repeal trade agreements that impede access to affordable generic drugs. We must work to cause the IMF and the World Bank to reduce and eventually eliminate the debt that takes poor nations' resources away from crises like AIDS. We must focus America's leadership on addressing and ending this epidemic.”

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Author:Dennis Kucinich
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“Bopha, Sandy, floods in Pakistan, droughts in China… How many reports from the likes of the World Bank, NASA and the International Energy Agency will it take? How many preventable catastrophes until our leaders realize that climate change will not be solved by nice speeches and empty promises? Countries like Canada and the U.S. have promised to reduce their greenhouse gas pollution and provide adequate financial support for developing countries, they have so far failed on both counts.”

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Author:Steven Guilbeault
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“We now know that climate action does not require economic sacrifice. This is fully in line with the World Bank Group's findings. It is up to all of us to make smart policy choices that will help combat climate change. For example, putting a price on carbon is a necessary step and could drive resources and investments to a cleaner economy.”

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Author:Sri Mulyani Indrawati
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