So the world bank is garbage. Like most of these institutions politics have corrupted it. These rankings can be devised automatically and based on public open sourced algorithms. Time for old institutions to update themselves and remove the human element.
>The World Bank was created at the 1944 Bretton Woods Conference along with the International Monetary Fund (IMF). The president of the World Bank is, traditionally, an American. The World Bank and the IMF are both based in Washington, D.C., and work closely with each other.
> In an interview with The Wall Street Journal published on Friday, World Bank Chief Economist Paul Romer apologized to Chile for changes to the report’s methodology that he said “conveyed the wrong impression” about the business environment under Bachelet.
> Chile currently ranks 55th out of 190 countries on the list, down from 34th in 2014, the year Bachelet took office. Its ranking declined to 41st in 2015, 48th in 2016, and 57th in 2017, the World Bank’s reports show.
> Romer told the newspaper the decline resulted from methodological changes, rather than a deterioration of Chile’s business environment, and may have been the result of the World Bank staff’s political motivations. He told the newspaper he would revise the reports.
> In a statement on Saturday, the World Bank said it would “conduct an external review” of Chile’s indicators in light of Romer’s concerns. It said any changes to its methodology undergo “a rigorous consultative process” and that the indicators are based on “hard data” like tax rates and legislation passed.
Let's see what's done about this in a few months.
World Bank being used as a petty political and ideological enforcer? I'm shocked, *shocked.*
Well at least this time it wasn’t a military coup which ended in people getting thrown out of helicopters, so I guess they are getting softer on socialists.
2018 is becoming the year where all conspiracies became less strange than reality.
World Bank, an American organisation, led by an American, fucking with the left-wingers in South America...AGAIN!
Can you sue the World Bank? this probably cost Chile a lot of money in foreign investment.
Banks doing what banks do.
Libor manipulation, risk agency manipulation, exchange rate manipulation, stock market manipulation, heck now even Bitcoin manipulation by Goldman Sachs and JP Morgan lately.
The World Bank has been jabbing against left-wing Latin American parties for a few days now in one way or another
The IMF has been the root cause of alot of suffering in the developing world. They give loans to struggling nations under the premise that the borrowing country follows rules set before them. Some of these rules have resulted in famine that decimated local populations.
[Quick read with a few examples of how IMF debt works](https://www.tru.ca/library/pdf/cavanagh-mander.pdf
Today, people manipulated numbers for politics, in other news, scientists have confirmed that most grass is in fact green, and the sum of the numbers 2 and 1 is the number 3. Now back to Cosmo with the weather.
Too late, the right wing president candidate was already elected in December 17, these news are not surprising at all.
Pretty much the strategy of western MSM since left wing parties appeared