There are 3 key financial organizations that promote Globalization:
The World Bank-part of Bretton Woods System
International Monetary Fund -part of Bretton Woods System
The World Trade Organization-established in 90s, but part of the original Bretton Woods agreement long term plan.
I have not really studied these in detail-I have encountered them as tangential mentions in my financial literature.
The President of the WB will be selected by the Executive Board of Directors. After winnowing down the list, they will likely announce 3 candidates, and choose from there.
I did run across an article a few weeks ago, that talked about this guy that is now stepping down. Not a friend of USA largely helping Chinese interests, but don’t recall the details.
In CONFESSIONS OF AN ECONOMIC HIT MAN, a finance guy goes into a country, proposes infrastructure or other development proposal that shows how they can get a loan, prosper, and pay back the loan. Proposal is “rosy” compared to reality, Country defaults.
I don’t know how involved the WB is in that scenario. I do know that articles have been written that explore how the WB/IMF sometimes make things worse -inadvertently-just misguided. Coincidence-Right?
Here’s another link regarding the WB and IMF comparison of functions etc.
https://keydifferences.com/difference-between-imf-and-world-bank.html
greeneyes wrote:
“...In CONFESSIONS OF AN ECONOMIC HIT MAN, a finance guy goes into a country, proposes infrastructure or other development proposal that shows how they can get a loan, prosper, and pay back the loan. Proposal is “rosy” compared to reality, Country defaults. ...”
the DS prolly did just that to some entire nations....