The World Bank Before Singapore: Continuing Crisis
The Wolfowitz agenda
The controversial former United States Deputy Secretary of Defence Paul Wolfowitz succeeded James Wolfensohn as the head of the World Bank in June 2005. It was a change that put a great sense of urgency into the question of what course the world’s most influential financial adviser and financing institution would take. However, Wolfowitz’s first year in office brought no great surprises. Instead of radical changes, the Bank’s agenda was governed by the goal of maintaining continuity, writes Daniela Setton.
Completely in line with the wishes of the large European shareholders, Wolfowitz stresses the role of the Bank in middle-income countries, focuses heavily on Africa, promotes the private sector and does not hold back when it comes to moral declarations on the World Bank’s mission to “fight poverty” ... ... this article was published (free content) in >>> Issue 3/Aug-Sep 2006.
At first glance, everyday life seems not to have changed in Istanbul. The streets are congested; people hurry to the ferry or the bus. For weeks, there has been no terror attack. Nevertheless, there are some visible changes. There are much more policemen in the streets. In some days, the Istiklal Caddesi, the main shopping street on the European side, seems to be under a state of siege. At every street corner, there is police van with the blue light switched on.
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The global deficit in quality jobs and deteriorating economic conditions in a number of regions threatens to undo decades of progress in poverty reduction, warns a new report by the International Labour Organization (ILO), the World Employment and Social Outlook (WESO) 2016.
Weakening of workers' rights in most regions is being aggravated by severe crackdowns on freedom of speech and assembly, according to the 2016 Global Rights Index. Restrictions on freedom of speech and assembly, including severe crackdowns in some countries, increased by 22%, with 50 out of 141 countries surveyed recording restrictions.