By Jomo Sundaram and Aris Chouwdhury, includes “The World Bank has been leading other institutions to press developing country governments to ‘de-risk’ infrastructure and other private, especially foreign investments. … ‘de-risking’ really means shifting risk from private investors to governments for more contingencies … This ignores the Bank’s Growth Commission’s concern that ‘In too many cases, the division of labor has put profits in private hands, and risks in the public lap’ …”
Read the full article on: Inter Press Service