Scientists from 99 nations issued a report in late January that predicted severe climate change. Robert Watson, chairman of the Intergovernmental Panel on Climate Change and chief science adviser to the World Bank said “the poor in developing countries will be the most affected” mainly through droughts and other disasters. In the most extreme projections the report said melting polar ice could raise sea levels by up to three meters over the next 1,000 years. The report is the most authoritative evidence yet to warn that air pollution threatens to drastically shift weather patterns.
Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
While the World Development Report (WDR) 2018 on education has some redeeming features, it is part of the Bank's longstanding very narrow view of education, and is silent on education financing.
Donate to the Bretton Woods Project
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).