who will be next World Bank President What will they do


The imperial Wolf bares its fangs. A statement from Jubilee South "underlines the historical fact that the World Bank continues to be an instrument of the global power structure, and that at the head of that power structure lies the United States Government". It concludes that "the nexus between economic and military imperialism stands exposed".

Under the header "The Imperial Wolf Shows Its Teeth" the Southern NGO network says: "other members of the G8 along with the so-called “donors” might pretend to be scandalized at the selection, but the real scandal are the policies and practices of the World Bank/ Washington Consensus of which they too form a part".

It continues: "The nomination of Wolfowitz is reprehensible, a man of the Pentagon who is stained with blood and oil, continuing the tradition which ceded to the US the 'right' to name the World Bank’s president". But Jubilee South goes further than some other civil society statements in commenting "what really matters is the policy that is carried out independently of personalities - an ever-faithful institution belonging to a power structure that daily claims the lives of 250,000 persons victims of structural adjustment policies and imperial mind-sets and interests that are dead set against the radical redistribution of economic and social power required on a systemic level".

Jubilee South believes that the external debt of the South is illegitimate, that it is an ideological construct that oppresses peoples. It calls on all those concerned to "direct their campaign efforts not simply at reversing that decision, but at decommissioning the World Bank itself".

Alex Wilks ~ March 22, 2005

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