On the eve of the 2014 Annual Meetings, the World Bank announced today that it is taking the unprecedented step of writing the goal of poverty eradication into its Articles of Agreement. If global goals to end poverty by 2030 are achieved, the institution will be constitutionally obliged to dissolve.
The Annual International Monetary Fund (IMF) and World Bank Meetings are focusing on building an inclusive global economy and creating jobs. Ahead of the meetings, IMF Managing Director Christine LaGarde called for "bolder policies to inject a 'new momentum'" into the global economy. LaGarde warned of high debt and unemployment and increased geopolitical risks associated with conflict and disease.
"The risks the IMF raises are real. We need to address inequality if we are going to grow the global economy," said Eric LeCompte, Executive Director of the religious anti-poverty organization, Jubilee USA.
The murder by hanging of 8 Nigerian nonviolent environmental activists was brought about by the instigation of Shell Oil.
Richard North Patterson's fiction book Eclipse is a gripping account of a similar incident.