In a departure from tradition, this year’s Bankspeak marks an exemplary case of the Bank clarifying a previously fuzzy concept. At this year’s annual meetings in Singapore, just as several dozen accredited civil society participants were being refused entry, held for questioning or deported, the Bank’s PR machine trumpeted the findings from the Doing Business report that the host nation was the “most business-friendly economy in the world 2005/6”. So now we know what business-friendly means.
World Bank & IMF in the news
From South Africa to Tunisia, Libya and Egypt, the Bank and Fund have demonstrated they are not appropriate allies to address the scale of the crisis the world is facing, especially, given their record.