Bank seeks business in Middle East unrest

Staff at the World Bank's political insurance arm, MIGA, greeted unrest in the Middle East and North Africa as a business opportunity, amid criticisms that IFI policies had fuelled the crises (see Update 74). In a March blog Hoda Atia Moustafa of MIGA said the events represented a "unique opportunity for MIGA" to promote its products in a region where it has no clients. Amy Ekdawi of US NGO the Bank Information Center said, "insurance for investors in the region is much needed. But the fact that the Bank looks at this crisis – that it might have helped create according to some analysts – as yet another opportunity to exploit, highlights its reneging culture and incentive structures."

This text may be freely used providing the source is credited.

This page is: <http://brettonwoodsproject.org/art.shtml?x=567969>

Published: 7 April 2011 , last edited: 12 April 2011

Viewings since posted: 3007

Articles: 3795

Advanced article search
Search newswire and resources

Recent briefings & reports

Climate Investment Funds Monitor 7: April 2013 25 April 2013

Working paper: The private sector and climate change adaptation: International Finance Corporation investments under the Pilot Program for Climate Resilience 24 April 2013

The UK's role in the World Bank and IMF: Department for International Development and HM Treasury 13 March 2013

World Bank on jobs: a "significant departure" or "business as usual"? 13 February 2013

The World Bank and industrial policy: Hands off or hands on? 6 December 2012

Climate Investment Funds Monitor 6: October 2012 26 October 2012