imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
latest news
best of news




A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List


IMC Network:

Original Cities africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

World Bank Opposes Palestinian Sovereignty

by Stephen Lendman Sunday, Aug. 05, 2012 at 8:57 PM


World Bank Opposes Palestinian Sovereignty

by Stephen Lendman

Washington controls the World Bank. Current president Jim Yong Kim formerly was Dartmouth College president.

The World Bank and IMF were established to integrate developing nations into the Global North-dominated world economy.

They've done it in ways other than originally mandated. The IMF was created to stabilize exchange rates linked to the dollar. Its purpose was also to bridge temporary payment imbalances.

The World Bank was supposed to provide credit to war-torn developing countries. Both bodies operate exploitively. They use debt entrapment to transfer public wealth to Western bankers and other corporate predators.

They obligate indebted nations to take new loans to service old ones. Doing so assures debt entrapment. Remedies proposed don't work. Structural adjustment harshness is imposed. Neighborhood loan sharks are benign by comparison.

Both bodies are imperial tools. Debt freedom, equality, justice, and other democratic values are verboten. So is Palestinian statehood.

A new World Bank Report says Palestine isn't ready for prime time. According to economist John Nasir:

"The Palestinian Authority (PA) has made steady progress in many years towards establishing the institutions required by a future state but the economy is currently not strong enough to support such a state."

"Economic sustainability cannot be based on foreign aid so it is critical for the PA to increase trade and spur private sector growth."

Nasir may or may not know economics. He knows little or nothing about international law. He knows less about right and wrong. More on that below.

He says the Palestinian Authority faces financial crisis conditions. It's debt level is .5 billion. It's cash shortfall is 0 million.

America's national debt approaches trillion. About another .5 trillion is added annually. No World Bank official cries foul. No one says its economy can't support statehood.

According to Nasir:

"While the Palestinian Authority has had considerable success in building the institutions of a future state, it has made less progress in developing a sustainable economic base."

"....Israel's security restrictions continue to stymie investment and the recent growth has largely been driven by donor aid. This situation is unsustainable and aid levels have already begun to fall."

At issue is Israel's illegal occupation. Nasir left that issue unaddressed. It's key but wasn't part of his focus. Instead he misstated facts on the ground. He claimed talks broke down in September 2010.

Israel doesn't negotiates. It demands. Military occupation is hardline and repressive. Peace and sovereign independence are verboten. Resolving decades of conflict can't happen without world community help.

Nasir ignored reality, saying:

"Barring a political solution to the conflict, there is little that can be done about these constraints."

"However, there are a number of areas where the PA can focus its attention to not only improve current performance, but to lay the groundwork for a future state."

"A future Palestinian state should seek to emulate Asian countries that have managed to sustain high levels of economic growth by adopting an outward orientation and integrating into world supply chains."

World Bank officials march in lockstep with Israeli lawlessness. So do heads of Western states. Israel gets away with murder.

It prevents sovereign Palestinian independence. It qualified decades ago. It meets Montevideo Convention criteria. International law expert Francis Boyle explained.

It has a "determinable territory." It doesn't have to be fixed and determinate. Border negotiations can follow. Gaza, the West Bank and East Jerusalem comprise its state. Palestinians lived there for centuries. It's their sovereign land.

Its population is fixed and permanent.

Its government functions. In 1988, Yasser Arafat declared the PLO Palestine's Provisional Government.

It's able to have diplomatic relations with other nations. The great majority of UN member states support its sovereignty.

On December 15, 1988, the General Assembly recognized its legitimacy. It accorded it observer status. Full de jure membership is long overdue.

So is universal world recognition. All UN Charter states provisionally recognized Palestinian independence in accordance with UN Charter article 80(1) and League of Nations Covenant article 22(4).

As the League's successor, the General Assembly has exclusive legal authority to designate the PLO Palestine's legitimate representative.

The Palestine National Council (PNC) is the PLO's legislative body. It's empowerered to proclaim Palestine's existence.

According to binding 1925 Palestine Citizenship Order in Council provisions, Palestinians, their children and grandchildren are automatically citizens of the new state. So are diaspora Palestinians.

Sovereign Palestine exists. It fully qualifies for recognition. It's peace loving. It accepts UN Charter obligations. It's able and willing to enforce them.

The General Assembly has sole authority to grant de jure membership by a simple two-thirds majority. The Security Council only recommends admissions. It has no veto power to prevent them.

If Washington or another permanent member invokes it, the General Assembly can override under the 1950 Uniting for Peace Resolution 377. Nasir claiming Palestine isn't ready for prime time doesn't wash.

An April 2011 UN study concurred. The Office of the UN Special Coordinator for the Middle East Peace Process  (UNSCO) said:

In "territory under its control and within the constraints on the ground imposed by unresolved political issues, the PA has accelerated progress in improving its governmental functions."

"In six areas where the UN is most engaged, governmental functions are now sufficient for a functioning government of a state."

It's "well positioned for the establishment of a state at any point in the near future."

At the time, separate World Bank/IMF assessments agreed. Nasir likely doesn't read WB reports. Its conclusion about Palestine contradicts his own.

UNSCO said Palestine qualifies in areas where UN bodies are most engaged. They include governance, rule of law and human rights, livelihoods and productive sectors, education and culture, health, social protection, and infrastructure and water.

At the same time it cautioned, as long as occupation continues, conflict conditions remain unresolved, and divisions between Hamas and Fatah persist, "the institutional achievements of the Palestinian state-building agenda are approaching their limits within the political and physical space currently available."

UN Special Coordinator for Middle East Peace Process Robert Serry said "further steps on the ground" are urgently needed. Occupation harshness must end. Unlike previous ones, legitimate independently monitored peace talks must be held.

Israeli might has veto power. Overriding it is key. World leaders are empowered to do it. Political will alone is absent. Sovereign Palestinian freedom depends on reversing longstanding policy. Nothing else prevents what's long overdue.

Stephen Lendman lives in Chicago and can be reached at

His new book is titled "How Wall Street Fleeces America: Privatized Banking, Government Collusion and Class War"

Visit his blog site at and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.

Report this post as:

Local News


lausd whistle blower A10 11:58PM

Website Upgrade A10 3:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 1:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 11:58AM

Change Links April 2018 A01 11:27AM

Nuclear Shutdown News March 2018 M31 6:57PM

Join The Protest Rally in Glendale on April 10, 2018! M29 7:00PM

Join The Protest Rally in Glendale on April 10, 2018! M29 6:38PM

Spring 2018 National Immigrant Solidarity Network News Alert! M19 2:02PM

Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A. M16 5:40PM

Steve Mnuchin video at UCLA released M15 12:34AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups M06 12:10PM

After Being Told He's 'Full of Sh*t' at School Event, Mnuchin Demands UCLA Suppress Video M02 11:44AM

Resolution of the Rent Strike in Boyle Heights M01 6:28PM

What Big Brother Knows About You and What You Can Do About It M01 3:30PM

Step Up As LAPD Chief Charlie Beck Steps Down F14 2:44PM

Our House Grief Support Center Hosts 9th Annual Run For Hope, April 29 F13 12:51PM

Don’t let this LA County Probation Department overhaul proposal sit on the shelf F13 11:04AM

Echo Park Residents Sue LA Over Controversial Development F12 8:51AM

Former Signal Hill police officer pleads guilty in road-rage incident in Irvine F09 10:25PM

Calif. Police Accused of 'Collusion' With Neo-Nazis After Release of Court Documents F09 7:14PM

Center for the Study of Political Graphics exhibit on Police Abuse posters F07 9:50AM

City Agrees to Settle Lawsuit Claiming Pasadena Police Officer Had His Sister Falsely Arre F04 3:17PM

Professor's Study Highlights Health Risks of Urban Oil Drilling F04 12:42PM

Claims paid involving Pasadena Police Department 2014 to present F04 10:52AM

Pasadenans - get your license plate reader records from police F03 11:11PM

LA Times Homicide Report F03 1:57PM

More Local News...

Other/Breaking News

Biodiversité ou la nature privatisée A20 11:22AM

The Market is a Universal Totalitarian Religion A20 7:14AM

Book Available about Hispanics and US Civil War by National Park Service A19 5:52PM

The Shortwave Report 04/20/18 Listen Globally! A19 4:01PM

The Republican 'Prolife' Party Is the Party of War, Execution, and Bear Cub Murder A19 11:48AM

Neurogenèse involutive A18 9:21AM

Paraphysique de la dictature étatique A16 10:13AM

Book Review: "The New Bonapartists" A16 3:45AM

The West Must Take the First Steps to Russia A14 12:25PM

Théorie générale de la révolution ou hommage à feu Mikhaïl Bakounine A14 3:30AM

The Shortwave Report 04/13/18 Listen Globally! A12 3:50PM

“Lost in a Dream” Singing Competition Winner to Be Chosen on April 15 for ,000 Prize! A12 3:48PM

The World Dependent on Central Banks A12 4:43AM

Ohio Governor Race: Dennis Kucinich & Richard Cordray Run Against Mike DeWine A11 9:40PM

March 2018 Honduras Coup Again Update A10 10:52PM

Apologie du zadisme insurrectionnel A10 3:33PM

ICE contract with license plate reader company A10 1:14PM

Palimpseste sisyphéen A09 11:23PM

Black Portraiture(S) IV: The Color of Silence...Cuba No...Cambridge Yes A09 5:32AM

Prohibiting Micro-Second Betting on the Exchanges A09 4:18AM

Prosecutors treat Muslims harsher than non-Muslims for the same crimes A08 10:33PM

Amy Goodman interview on cell phone safety A08 10:29PM

Mesa, Arizona police officer kills unarmed white man A08 9:50PM

Israeli leaders should be prosecuted for war crimes A08 9:48PM

Paraphysique de l'autorité A08 12:11AM

Two Podcasts on fbi corruption A06 10:13PM

Fbi assassins assault & try to kill DAVID ATKINS A06 7:29PM

EPA Head Scott Pruitt: Of Cages And Sirens A06 2:15PM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy