Africa: World Bank Trade Strategy Has Not Adequately Helped the Poor

press release

Washington, DC — One month ahead of the World Bank's annual meeting, Friends of the Earth International draws attention to a key study critical of the Bank's work on trade liberalization.

The study by the World Bank's Independent Evaluation Group (IEG) was released on March 22 and concludes that the World Bank's strategies on trade did not deliver on employment and poverty reduction. In a press release announcing the new report, the IEG comments that the Bank "was overly optimistic about the immediate and universal benefits of more open trade."

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