How World Bank Arbitrators Mugged Pakistan (Project-Syndicate)

Thanks to the World Bank’s flawed and corrupt investment arbitration process, the rich are making a fortune at the expense of poor countries. The latest shakedown is a $5.9 billion award against Pakistan’s government in favor of two global mining companies for an illegal project that was never approved or carried out.

https://www.project-syndicate.org/commentary/world-bank-corrupt-arbitration-ruling-against-pakistan-by-jeffrey-d-sachs-2019-11

Jeffrey D. Sachs is University Professor at Columbia University and Sustainable Development Goals Advocate for United Nations Secretary-General António Guterres. His books include The End of PovertyCommon WealthThe Age of Sustainable DevelopmentBuilding the New American Economy, and most recently, A New Foreign Policy: Beyond American Exceptionalism.