Video: World Bank Doesn't Help Pt1 Print E-mail
Contributed by Max Keiser   
People & Power World Bank Video 1
World Bank Video 1
"Banking On It" - This video (9min 1sec) is a People & Power Investigation of the World Bank, how it began, and what it does. In 1947, the World Bank gave its first loan - $250 million for France's post-war construction. Since then, it has grown to 185 member governments and provides loans and development assistance to poor countries, with the aim of poverty reduction.

While the bank's clients are almost exclusively developing countries, the World Bank is controlled primarily by developed countries. Speaking to aid and democracy experts, as well those receiving the loans, Max Keiser take a takes a colourful look at their reality.

The poorer countries certainly rely on these loans, but when it comes to alleviating their poverty, can they really bank on it. Does it really help alleviate poverty? Max Keiser wants to know. He investigates the conditions that come with a World Bank loan. Can it truly be said that the World Bank is increasing poverty?


Radical, genius, millionaire Max Keiser is founder of Karmabanque Index...,Karmabanque Radio..., and the Truth About Markets. Max Keiser created the Hollywood Stock Exchange and Kinooga.

Originally broadcast on Aljazeera English USA

 
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