The World Bank and IMF serve corporate interests from "summary" of The New Confessions of an Economic Hit Man by John Perkins
Perkins makes it clear that the World Bank and IMF, the two major international financial institutions, are not as altruistic as they claim to be. Instead, he argues that these organizations primarily serve the interests of large corporations, particularly those based in the United States. According to Perkins, the primary goal of the World Bank and IMF is to further the economic interests of these corporations, rather than to promote sustainable development or alleviate poverty in the countries they claim to help. Perkins provides specific examples to support his claim. He describes how the World Bank and IMF often require developing countries to implement economic policies that benefit multinational corporations at the expense of local populations. For instance, these organizations may push for the privatization of public services, such as water and electricity, which can lead to higher costs for consumers and decr...
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