Some points on development beyond the World Bank’s neoliberal narrative: Page 2 of 2

Posted on 14 October 2018

and other investments made by private investors.” [ix]Meanwhile, the IFC Articles of Agreement cites, as one of its purposes, helping “to create conditions conducive to the flow of private capital.” [x] On these grounds, membership of Southern countries in the IMF-World Bank should be reviewed and re-examined given the impacts on people’s rights of these built-in economic and institutional assumptions.

To take this further, there is a need to assert – especially in Southern countries – that national development strategies should be owned and led by the people, especially the grassroots,and their organisations as representatives of societal sectors whose rights to land, social services and to development are at stake.The active participation of these organisations is a key premise to shape development policies that benefit the people, instead of being dominated by the neoliberal IMF-WB prescriptions, the profit-motive of international capital, and elites in government. [xi] #

[i]Diez, Federico and Daniel Leigh. 2018. “Chart of the week: The rise of the corporate giants.” IMF Blog. June 6.

[ii]UN Conference on Trade and Development. 2018. “Trade and Development Report 2018: Power, Platforms and The Free Trade Delusion.”

[iii]IBON International. 2017. “Primer on Public-Private Partnerships.” Manila: IBON International.


[v]IBON International. 2017. “Trade unions and campaigners boycotting World Bank consultation on PPPs.”

[vi]European Network on Debt and Development. 2018. “Report exposes how PPPs across the world drain the public purse, and fail to deliver in the public interest.”


[viii]McDonald, David A. 2018. “Remunicipalization: The future of water services?” Geoforum 91 : 47-56.

[ix]The World Bank. 2012. “IBRD Articles of Agreement.”

[x]International Finance Corporation. 2012. “IFC Articles of Agreement.”

[xi]Padilla, Amy. 2018. “A decade since the 2008 crash: Protracted crisis looms with Southern debt, slowing growth.” MR Online.


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