New Evidence of Africa’s Systematic Looting, From an Increasingly Schizophrenic World Bank

Patrick Bond 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. Continue Reading