Multimedia Collection

Our Friends At The Bank

90 minutes
HG3881.5 .W57 O871 1997

The future of many developing countries greatly depends on an institution already fifty years old, the World Bank. Criticized and blamed, confronted with numerous setbacks, the Bank is experiencing a perplexing time with regard to which strategies to adopt, principally in Africa.

Uganda is one of its "model cases." Teams set up by the Bank's new president, James Wolfensohn, and by Uganda's leader, Yoweri Museweri, are confronting each other with blunted foils in the shifting and ravaged context of the African continent. The stakes are enormous. The Bank is defending, as is the IMF, an ultra-liberal economic and financing philosophy which poorly matches the priorities, and above all, the Ugandans' ferocious desire for independence. But do the Ugandans have any choice, faced with an enormous multilateral debt weighing heavily upon their future?

For fourteen months Peter Chappell followed the negotiations between the World Bank and Uganda in order to understand and describe the obscure and abstract mechanisms that shape the reality of North-South relations, as well as the future of millions of people.

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Business & Economics

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