New evidence of Africa’s systematic looting, provided by an increasingly schizophrenic World Bank

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 looting.

Journal of People

by Patrick Bond



Pambazuka News | February 08, 2018

A recent 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 World Bank policies and practices remain oriented to enforcing foreign loan repayments and transnational corporate profit repatriation, thus maintaining the looting.

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