The World Bank is the largest financial backer of international development, particularly of emerging nations. Guest post by Angie Picardo A supremely powerful institution, the World Bank is also frequently criticized for its policies, initiatives and operations. Framed with successes and shadowed by missteps, the Bank has generated significant fiscal and social change for countries around … [Read more...]
USAID + World Bank Provide Safety Net for Iraqis: Broken Net for Americans & US Small Business
The US Agency for International Development (USAID) and the World Bank are launching a Social Safety Net Program in Iraq. American tax dollars support USAID, and the US is a major contributor to the World Bank. Where is the safety net for Americans who will be footing the bill? USAID has also awarded more than $78 million in grants to 10,300 Iraqi businesses - creating or restoring jobs for … [Read more...]