Colombian pop sensation ‘she wolf’ Shakira ended up in a February press conference with a World Bank president, Robert Zoellick, to launch her charity’s joint initative with the Bank on early childhood development in Latin America. Perhaps she missed the 2007 sex controversy that ousted the Bank’s previous leader of the pack Paul Wolfowitz? Drafting the Bank into her education-focussed work might also backfire. The Bank’s seeming desire to ‘whenever, wherever’ privatise public services might leave Shakira feeling ‘la tortura’.
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries, but need to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues.
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