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World Bank: We Must Rethink Our Role In The Middle East

Wb Middle East

First Posted: 03/21/11 06:18 PM ET Updated: 05/25/11 07:40 PM ET

WASHINGTON (Reuters) - The World Bank is rethinking its role in the Middle East and North Africa to tackle economic and social problems that sparked political unrest, the bank's President Robert Zoellick said on Monday.

The poverty-fighting institution needs to find some way to convince resistant governments change is needed, he said.

"We have produced a number of flagship reports on governance, youth inequality, quality of education, special disparities, and the noncompetitive nature of the private sector in the region," Zoellick said in opening remarks at a World Bank conference on Arab issues.

"But the record of action has been spotty. Like others, we also have much to learn," he added.
The conference, held at the bank's Washington headquarters and carried live on the Internet, brought together journalists, think tanks, youth and women groups, and academics from the Arab world to discuss changes taking place across the region.

Protests against political repression, corruption, high unemployment and a rising cost of living toppled rulers in Egypt and Tunisia and spurred uprisings in Yemen, Bahrain, Morocco, Jordan, Algeria, Saudi Arabia, Syria and Libya.

The changes have forced institutions like the World Bank and the International Monetary Fund to take a harder look at their roles amid criticism they supported economic and development policies of authoritarian governments that worsened poverty and unemployment.

Zoellick said part of the process of modernizing multilateral institutions was to learn from mistakes.

"The challenge we have as an institution is when a government resists, how do we engage?" he told reporters.

"Some people say pull back, don't do anything, but often there are opportunities to ... make a difference," he added.

Zoellick said such issues need to be debated by World Bank member countries who fund the institution and meetings of the World Bank and IMF in mid-April present an opportunity to address ways the bank can support the transitions.

In the near-term, Zoellick said he worried about high expectations for change at a time when global food prices are rising, adding to the fiscal burden of countries in the region that import most of their food.

LEARNING FROM HISTORY

He said while there may be a tendency to want to forget the past, there were important lessons "not necessarily to be choked by them but to understand what questions to ask going forward".

"In order to identify and explore these issues, we need first and foremost to open up a genuine and deep dialogue with and between the different voices in the region," Zoellick told the conference. "They are issues that will not go away simply because one government fell, or one leader replaced another."

Samer Shehata, a professor at the Center for Contemporary Arab Studies at Georgetown University, told Reuters revolutions in Tunisia and Egypt were reactions against economic and social policies championed by the World Bank and IMF.

"In many ways the Tunisian and Egyptian revolutions were against neo-liberal economic policies that were merciless on poor people because they bet on the future," Shehata said, pointing at the 14.4 percent unemployment rate in Tunisia.

Shehata said the institutions needed to change the methods they use to evaluate development and progress in the region, and should not sidestep sensitive political questions.

"They need to focus on the vast majority of the population and their living conditions, and also political issues like how good is the quality of institutions, is there political participation, and are elections free and fair," he said.

"It can't just be simply about rates of growth."

(Editing by Padraic Cassidy and Andrew Hay)

Copyright 2011 Thomson Reuters. Click for Restrictions.

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WASHINGTON (Reuters) - The World Bank is rethinking its role in the Middle East and North Africa to tackle economic and social problems that sparked political unrest, the bank's President Robert Z...
WASHINGTON (Reuters) - The World Bank is rethinking its role in the Middle East and North Africa to tackle economic and social problems that sparked political unrest, the bank's President Robert Z...
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01:52 PM on 03/23/2011
What, is control slipping through our fingers? Less money to launder? Governments less open to selling out their people to loan sharks? I'm crying tears for them. No wait. I laughing tears!
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HUFFPOST SUPER USER
CubnKira
10:31 AM on 03/23/2011
Just like the billions taken by Mubarek and Gadhafi from their people, aid has been pocketed by the leaders and not going where intended. The so-called Palestinians are another example, all the billions that they have been given, including many of our tax dollars, found a way into Yassir Arafart's private accounts. He was an Egyptian who falsely claimed to be a "Pali". When he died, reportedly from AIDS, he had raped his pretended people. His wife survives him and lives not in Gaza, not in the West Bank, but in luxury in France.

It's like the money we gave to Haiti, Clinton and Bush cannot even account for it, and it is like pouring it down a sieve. Future aid needs to verifiably given to those to whom it was intended and not to the fat cats.
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HUFFPOST SUPER USER
Arts4u
It's better than a reality show.
01:07 AM on 03/23/2011
'The changes have forced institutions like the World Bank and the International Monetary Fund to take a harder look at their roles amid criticism they supported economic and development policies of authoritarian governments that worsened poverty and unemployment.'

No offense... but everyone has known this for years. Our foreign policy fails and has failed for a long time. Enough is enough. No more war and manipulation to get our way!
06:25 PM on 03/22/2011
And the Oscar for Best Actor goes to...*drums rolling*

The US Military! for it's role in the Libya War. Oscar for best supporting role goes to the UK.

Congratulations you two. You guys are really looking UGLY!
ThePeacemakers
Concerned Citizen
05:39 PM on 03/22/2011
"The challenge we have as an institution is when a government resists, how do we engage?" he told reporters.

WTF????!!!!?????

You might just F off.
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HUFFPOST SUPER USER
GuyCybershy
04:52 PM on 03/22/2011
"But the record of action has been spotty. Like others, we also have much to learn,"

Well, you can't say they don't have a sense of humor.
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HUFFPOST SUPER USER
KarlaElisa
The atmosphere is Toxic
04:07 PM on 03/22/2011
"It can't just be simply about rates of growth." Holds true for ALL of us. We're taught from early on that growth is good, growth is necessary. It's not.

The World Bank, IMF and WTO need to be disbanded. They are among the chief causes of poverty and strife the world over. They exist solely to pry open markets for rich companies to get sweetheart deals at the citizens and natural environments expense.
This user has chosen to opt out of the Badges program
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02:32 PM on 03/22/2011
they do need a new logo, "we financed anyone despot or not, equal access for anyone who can afford it"
realitybaby
Livin in realitybaby!
04:08 PM on 03/22/2011
yeah ya got that right!
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HUFFPOST SUPER USER
Tom Langley
Successful Beer Guy
01:05 PM on 03/22/2011
Decertify the IMF and BIS. Here is the money club - compare the list to recent wars and nations in political strife and things begin to come together in your head. Check for Middle East membership specifically. Oh,...Saudi and Turkey. Huh? How does that synch up with how they are treated in the press as "Important Allies". This list, is the Money Club. Join it & play by their rules, or they'll crush you economically.
Member central banks

Members are the central banks or monetary authorities of:

Algeria, Argentina, Australia, Austria, Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Croatia, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong SAR, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Korea, Latvia, Lithuania, Macedonia (FYR), Malaysia, Mexico, the Netherlands, New Zealand, Norway, the Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, the United Kingdom and the United States, plus the European Central Bank
10:45 AM on 03/22/2011
Based on your success in Russia, Asia and Latin America, your change will result in a destruction of local business, a 75% off sale of all public institutions, and end of state subsidies of basic items like food and cooking oil, and a massive increase in unemployment. Read The Shock Doctrine for a detailed recap. The IMF never lets a crisis go to waste in its main objective of opening up new markets for multinationals.
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HUFFPOST SUPER USER
KarlaElisa
The atmosphere is Toxic
04:08 PM on 03/22/2011
No they don't miss an opportunity. If I were going to be a ter rorist I'd start with them.
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american-dolt
Truther since 2004
10:02 AM on 03/22/2011
Who Elected The World Bank?
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09:42 AM on 03/22/2011
World Bank: We Must Rethink Our Role In The Middle East

You mean like NOW?

:roll:
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The Dude67
This is not Nam; this is bowling, there are rules.
06:09 AM on 03/22/2011
"The poverty-fighting institution needs to find some way to convince resistant governments change is needed, he said."

Um, the World Bank is a poverty-fighting institution in the same way Neo Nazis are anti-defamation league supporters.
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HUFFPOST SUPER USER
KarlaElisa
The atmosphere is Toxic
04:08 PM on 03/22/2011
bingo.
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HUFFPOST SUPER USER
Siebenstein
99% -Don't do what they tell you !
03:47 AM on 03/22/2011
"WASHINGTON (Reuters) - The World Bank is rethinking its role in the Middle East and North Africa to tackle economic and social problems that sparked political unrest, the bank's President Robert Zoellick said on Monday".

Are they saying they wanted these people small and oppressed, and do not want to deal with a Democracy hungry Middle East? Are they nvts?
They do not address the despotic leaders who sat on billions, while their people were starving. World Bank learning from history?
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KarlaElisa
The atmosphere is Toxic
04:10 PM on 03/22/2011
they repeat the same structural adjustment policies everywhere and then scratch their heads and say 'why isn't this working?' like they didn't MEAN for things to go like they did. liars. they know exactly what they're doing and they're dam.n good at what they do.
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HUFFPOST SUPER USER
Siebenstein
99% -Don't do what they tell you !
06:10 AM on 03/23/2011
exactely !
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HUFFPOST SUPER USER
WorkhelpWorkhelp
Control your money locally. Charter banks now.
01:51 AM on 03/22/2011
Because of great documentary's like this one more and more people are becoming aware of how the bankers have been stealing us blind. Sooner or later the bankers will lose their grip on us. It must happen to have a well working civilization.

http://www.youtube.com/watch?v=swkq2E8mswI