Venezuela

Adios, World Bank!

As the controversy around Iraq War architect Paul Wolfowitz’s uncertain future as president of the World Bank intensifies, the financial institution is not only losing supporters. It’s also losing victims. In Latin America, countries are paying off their World Bank loans early, cutting off ties with the Bank, and creating their own financing instruments to replace the world’s oldest multilateral lending agency.

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United Nations v. United States

This is a moment of several overlapping transitions at the United Nations. A new secretary-general will take over when Kofi Annan’s 10 years are up at the end of December. New countries will join the Security Council as temporary members. And UN agencies are choosing new leadership.

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