{"id":3715,"date":"2013-01-03T06:02:15","date_gmt":"2013-01-03T05:02:15","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=3715"},"modified":"2013-01-03T10:56:49","modified_gmt":"2013-01-03T09:56:49","slug":"world-bank-fights-poverty-with-a-five-star-hotel","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/world-bank-fights-poverty-with-a-five-star-hotel\/","title":{"rendered":"World Bank Fights Poverty with a Five Star Hotel?"},"content":{"rendered":"

\u201cAt the World Bank, we have made the world\u2019s most pressing development issue\u2014to reduce global poverty\u2014our mission,\u201d the bank proclaims.<\/p>\n

Why, then, did the IFC give a Saudi prince\u2019s company an attractively priced $26 million loan to help build the M\u00f6venpick, a hotel the prince was fully capable of financing himself? The answer is that the IFC\u2019s portfolio of billions of dollars in loans and investments is not in fact primarily targeted at helping the impoverished. At least as important is the goal of making a profit for the World Bank. \u00a0 Article<\/a>\"beggar\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cAt the World Bank, we have made the world\u2019s most pressing development issue\u2014to reduce global poverty\u2014our mission,\u201d the bank proclaims. Why, then, did the IFC give a Saudi prince\u2019s company an attractively priced $26 million loan to help build the … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-3715","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t