A brand new World Bank report, The Changing Wealth of Nations 2018, offers evidence of how much poorer Africa is becoming thanks to rampant minerals, oil and gas extraction. Yet Bank policies and practices remain oriented to enforcing foreign loan repayments and transnational corporate (TNC) profit repatriation, thus maintaining the
New Evidence of the World Bank’s Systematic Looting of Africa
A new World Bank report offers evidence of how much poorer Africa is becoming thanks to rampant minerals, oil and gas extraction, and – in large part – to the World Bank’s own policies.
By Patrick Bond
