World Bank Quotes

I want to eradicate poverty. I think that theres a tremendous passion for that inside the World Bank.

I don't think anybody really thinks that one should get rid of the World Bank. Reform is one thing, but getting rid of it I think would be wrong.

Today there are a lot places where people say they're just hopeless. If I can come from a hopeless country, get an education, become a hyphenated American and become president of the World Bank, it's my moral duty to make sure that every single person on the planet has that opportunity.

the most powerful bodies in the world, the World Trade Organization, the World Bank, and the International Monetary Fund, are also the least democratic and inclusive.

I don't think anyone sets out to malign poor people but certainly that's what we do through organizations such as the World Trade Organization, the World Bank and the International Monetary Fund.

To claim the World Bank is just an extension of US foreign policy is just wrong.

Ya know, Hitler was this evil, evil man. But with the World Bank and Israel manipulating America, he might have been on to something.

I do wish that the IMF and the World Bank would disappear soon.

It is vital that the World Bank Group continually challenges itself to refresh our development thinking. It is vital that a modernized multilateralism be open to new ideas.

The UK is the number one destination in European Union for inward investment, the World Bank has ranked the UK as the sixth easiest place in he world to do business, so any organisation that makes promises about investment in the UK should live up to those promises.

The world is governed by institutions that are not democratic - the World Bank, the IMF, the WTO.

The World Bank is the monopoly provider of poverty data and, partly due to a leadership change there, the World Bank's reporting has been heavily on the rosy side since about 2000. The Bank's cultivation of an upbeat picture affords a very interesting lesson in statistics and how you can, depending on which numbers you present and how you present them, create a more positive or more negative impression of the evolution of poverty.

The World Bank is now the biggest culprit in the debt crisis.

The IMF and the World Bank, the most opaque and secretive entities, put millions into NGOs who fight against "corruption" and for "transparency." They want the Rule of Law - as long as they make the laws. They want transparency in order to standardise a situation, so that global capital can flow without any impediment.

What gives these corporations like CONOCO, SHELL, EXXON, DIASHAWA, ITT, RIO TINTO ZINC, and the WORLD BANK a right which supercedes or is superior to my human right to live on my land, or that of my family, my community, my nation, our nations, and to us as women?

The problem with the World Bank has to do with development - the spreading of Western over-consumption worldwide.

Once the violence has ceased, the US should immediately call on the World Bank and other international institutions to convene a donors conference to rebuild Lebanon's shattered infrastructure.

According to the World Bank, the concentration of wealth and the structures of corporate economic power have no bearing on woman's rights.

My dad's main client was the World Bank, and he spent most of his time traveling to Third World countries. His particular interest lay in the eradication of poverty through development and business.

Combining valuable insights from his experience in China, his time as the World Bank's chief economist, and the 2008 financial crisis, Justin Yifu Lin's recommendations for development policy reflect an impressive and unique personal journey.

Sadly, I do my homework. I've a soft spot for the boring minutiae. I read the Charter of the United Nations before meeting with Kofi Annan. I read the Meltzer report, and then I'll read C. Fred Bergsten's defense of institutions like the World Bank and the I.M.F. It's embarrassing to admit.

I'd worked on leprosy and malaria in India [at the World Bank] and asked myself the question: Why do we let 2 million children die every year around the world for not having clean water? Because they're faceless and nameless. So, for me, Facebook looked like it was going to solve the problem of the invisible victim.

We now know that climate action does not require economic sacrifice. This is fully in line with the World Bank Group's findings. It is up to all of us to make smart policy choices that will help combat climate change. For example, putting a price on carbon is a necessary step and could drive resources and investments to a cleaner economy.

[Mikhail Bakunin] expectations were generally confirmed, including his prediction that some would seek to gain state power on the backs of popular revolution, then constructing a "Red bureaucracy" that would be one of the worst tyrannies in history, while others would recognize that power lies elsewhere and would serve as its apologists, becoming mystifies, "disablers," and managers while demanding the right to function in "technocratic isolation," in World Bank lingo.

It’s not that Monsanto is making money out of the blue. It’s making money by coercing and literally forcing people to pay for what was free. Take water, for instance. Water has always been free. We’ve never paid for drinking water. The World Bank says the reason water has been misused is because it was never commercially priced. But the reason it’s been misused is because it was wasted by the big users—industry, which polluted it.

The serious problems facing the world today will never be solved until women are able to use their full potential on behalf of themselves, their families, and their global and local communities, as the World Bank and others have discovered

In 88 poor countries for which we have data, in each and every one of the 88, the PPP for food shows that poor people can buy less food than you would expect from the PPP that the World Bank is using. The reason for this is obvious on reflection. It has to do with the fact that most foodstuffs are tradable commodities: basic foodstuffs, such as rice, flour and beans, can easily be conveyed across national borders and their prices will therefore roughly mirror the exchange rates among currencies.

Car prices play a large role in calculating PPPs even while they play no role whatsoever in the consumption or consumption needs of the poor. And the prices of rice, bread and beans play a small role in calculating PPPs even though they play a huge role in meeting the consumption needs of the poor. So the World Bank's method of comparing and converting everything at general purchasing power parities into US dollars is highly distorting within an exercise whose purpose it is to determine whether households are or are not capable of meeting their basic consumption needs.

We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.

In the real world, banks hang onto their money for fear of making bad loans, no matter how many bailouts or stimulus packages Washington passes.

The director of the institute where I was working apologized about these young, enthusiastic researchers when the World Bank visited because he was afraid the institute would lose the World Bank consultancies.I went back home and started the Research Foundation for Science, Technology, and Ecology—an extremely elaborate name for the tiny institute that I started in my mother’s cow shed. My parents handed over family resources and said, “Put them to public purpose.” That’s how I survived.

By using general consumption PPPs, the World Bank is, in effect, saying to the poor: "Sure, you cannot buy as much food as the dollar value we attribute to your income would buy in the United States. But then you can buy much more by way of services than you could buy with this PPP equivalent in the United States." But what consolation is this? The poor do not buy services - they are services, on their luckier days.

Well the specific role of the World Bank is to be ready with financial assistance immediately after this emergency takes place because you need to reconnect water, you need to reconnect power, you need roads, you need bridges, and that has to be done urgently.

The culture of death is imposed by economic and political interests, the arrogance of power, corruption. I blame the first world for having taken our riches for so many years. I am speaking of the superpowers that dominate the life of the world. More concretely, the World Bank, the IMF. Those that have caused and tolerated the death of our people, those responsible for the plundering of the third world. Silence is also part of repression.

The World Trade Organization, The World Bank, The International Monetary Fund and other financial institutions virtually write economic policy and parliamentary legislation. With a deadly combination of arrogance and ruthlessness, they take their sledgehammers to fragile, interdependent, historically complex societies and devastate them, all under the fluttering banner of 'reform'.

In Egypt the neoliberal programs have meant statistical growth, like right before the Arab Spring, Egypt was a kind of poster child for the World Bank and the IMF [International Monetary Fund:] the marvelous economic management and great reform. The only problem was for most of the population it was a kind of like a blow in the solar plexus: wages going down, benefits being eliminated, subsidized food gone and meanwhile, high concentration of wealth and a huge amount of corruption.

One particular spark was when I went back to my favorite spot in the mountains where my father always used to take us before my graduate studies in Canada and finding that the stream I had gone swimming in wasn’t there. The forest had been converted into an apple orchard with World Bank financing. The entire place, literally, had changed.

Too many politicians seem to reach for 'infrastructure' as the default answer to investment, as if roads and bridges were the answer to everything. Even the IMF and the World Bank seem to mainly offer infrastructure spending as an alternative to austerity, although they are right to focus on the need for investment.

I think that the movement against the World Bank, against the globalization process that is happening, is very positive. We need a globalization, a globalization of people who are committed to social justice, to economic justice. We need a globalization of people who are committed to saving this earth, to making sure that the water is drinkable, that the air is breathable.

Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that... I’ve always though that under-populated countries in Africa are vastly UNDER-polluted, their air quality is probably vastly inefficiently low compared to Los Angeles or Mexico City.

The United States has given frequent and enthusiastic support to the overthrow of democracy in favor of "investor friendly" regimes. The World Bank, IMF, and private banks have consistently lavished huge sums on terror regimes, following their displacement of democratic governments, and a number of quantitative studies have shown a systematic positive relationship between U.S. and IMF / World Bank aid to countries and their violations of human rights.

The Muslim leaders swallow the advice of the Western powers and bodies like the IMF and World Bank, even when it is bad for their countries and they know this.

Bopha, Sandy, floods in Pakistan, droughts in China… How many reports from the likes of the World Bank, NASA and the International Energy Agency will it take? How many preventable catastrophes until our leaders realize that climate change will not be solved by nice speeches and empty promises? Countries like Canada and the U.S. have promised to reduce their greenhouse gas pollution and provide adequate financial support for developing countries, they have so far failed on both counts.

We must work to repeal trade agreements that impede access to affordable generic drugs. We must work to cause the IMF and the World Bank to reduce and eventually eliminate the debt that takes poor nations' resources away from crises like AIDS. We must focus America's leadership on addressing and ending this epidemic.

Nicaragua is a World Bank and International Monetary Fund designated "heavily indebted poor country," with little legal ability to control its economic future: Everything is for sale. And once Nicaraguans decide to cash in and sell their houses or farms, they have to look far inland for anything affordable.