Patrick Bond

Patrick Bond ([email protected]) is professor of political economy at the University of the Witwatersrand School of Governance in Johannesburg. He is co-editor (with Ana Garcia) of BRICS: An Anti-Capitalist Critique, published by Pluto (London), Haymarket (Chicago), Jacana (Joburg) and Aakar (Delhi).

New Evidence of the World Bank’s Systematic Looting of Africa

A new World Bank report offers evidence of how much poorer Africa is becoming thanks to rampant minerals, oil and gas extraction, and – in large part – to the World Bank’s own policies.

Patrick Bond
Por Patrick Bond
Zambian workers construct a $300 million copper smelter in Chingola, Zambia, Dec. 13, 2006. (AP/Joseph Schatz, File)

A brand new World Bank report, The Changing Wealth of Nations 2018, offers evidence of how much poorer Africa is becoming thanks to rampant minerals, oil and gas extraction. Yet Bank policies and practices remain oriented to enforcing foreign loan repayments and transnational corporate (TNC) profit repatriation, thus maintaining the

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