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/ 20 July 2004

World Bank must do or die

Picture an institution that invests about $55-billion a year in the world’s economy with the mandate of alleviating poverty. This is supposed to be the World Bank, which turns 60 next month. I won’t be sending a birthday card. World Bank money has left a legacy of environmental and social devastation, from cyanide spills in Peru to land expropriation and water pollution at oil pipelines.