Lebanon: loans with World Bank, EU (tags)
The Lebanese government signed several loan agreements with the World Bank and the European Union on Friday to help the reform and reconstruction efforts. Prime Minister Fouad Siniora, who attended both signing ceremonies at the Grand Serail, underlined the importance of implementing reforms on time.
The Rise and Fall of the UN (tags)
One’s opinion of the United Nations reveals a lot about political consciousness; and because perception is usually based on experience, it’s only natural that people from different countries have opposing views about the UN and its pillar institutions— the International Monetary Fund (IMF), World Bank, and the World Trade Organization (WTO). In the United States, familiarity of the UN is limited to vague notions of ‘international democracy’ and ‘peacekeeping’, words that inspire the noblest of intentions; the World Bank and IMF on the other hand are institutions that invoke little reaction among the US public. How and by whom the UN was formed, whose interests it serves, and the actual history of its ‘peacekeeping’ missions are all things rarely examined. It is the purpose of this essay to look at the formation and development of the UN, and in so doing, attempt to show the evolution of the capitalistic system itself, which was ‘reborn’ upon the back of these hardly-neutral organizations.
Hezbollah banks on home-ground advantage (tags)
By Sami Moubayed