Wednesday, May 25, 2011

I knew that this one was coming: the World Bank enters the Arab counter-revolution

"The World Bank said Tuesday it was willing to provide up to $6 billion to support political and economic change in Egypt and Tunisia and to help them weather declines in tourism and other industries.   The money is intended to seed a broader package of international support for the two countries’ postrevolution governments.  The World Bank wanted “to help the people there and seize the opportunities of historic change to modernize their economies and build more open and inclusive societies,” said the agency’s president, Robert B. Zoellick."  As is known, Zoellick is a left-over from the Bush administration.  I like their reference to "more open and inclusive societies"--just like apartheid South Africa which was a cuddled and favored child for Western governments.