World Bank @ 80: Radical Restructuring, Not Reforms https://apmdd.org/worldbankat80/ Joe Athialy
October 8, 2024 it conceded to a few demands of communities and civil society organizations, like operational policy revisions resulting in relatively progressive social and environmental safeguard policies, establishing independent accountability mechanisms, transparency policies, and alike. .. however, the Bank found ways to weaken the effectiveness of these policies and mechanisms, found ways to bypass them, and forged new partnerships and collaborations to take forward their neo-liberal agenda, corporate welfarism, and undermine the sovereignty of emerging economies.
Eight decades later, the United States continues to be the largest shareholder at the Bank, having a veto on every decision.
radical restructuring
Democratization of governance from one-dollar-one-vote to one-country-one-vote
Shifting its focus from climate change to climate and economic justice.
Strengthening transparency and accountability mechanisms
Eliminating any loan conditions that impose neoliberal policies
Prioritizing initiatives aimed at reducing inequality
Fostering partnerships with a wider range of stakeholders, including grassroots organizations and social movements, to create a more inclusive approach to global development.