A major new Bank study claims that ethnic tensions and political feuds are rarely the primary causes of civil wars. Economic forces such as entrenched poverty and heavy dependence on natural resource exports are instead to blame. The report urges improved transparency of natural resource revenues, tracking of commodities and ways to cushion the impacts of commodity price collapses. Joe Hanlon, author of Peace Versus Profit, How the IMF Blocks Peace-Building in Mozambique, commented: “The report implicitly admits that policies of the IFIs in the past probably fuelled civil wars – will the World Bank actually change its policies in response?”
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.
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