The rules, institutions and operations of global markets, unchanged since the end of formal colonialism, are among the greatest obstacles to the development of African countries.

The Compact does not have the right balance between public and private financing but is heavily prone towards the private side. A fair Compact should include a strong rules-based binding framework that much more clearly points to the important roles that the state has to play in ensuring sustainable investments, human rights and environmental protection as well as attracting investors (especially domestic) through infrastructure aimed at meeting the needs of the citizenry.

As the World Bank and the International Monetary Fund (IMF) hold their Spring meetings in Washington, DC, billions of dollars due to African nations are illicitly leaving the continent.

The World Bank has for decades left a trail of human misery. Destruction of the environment, massive human rights abuses and mass displacement have been ignored in the name of “development” that works to intensify neoliberal inequality. In response to legal attempts to hold it to account, the World Bank has declared itself above the law.

Donald Trump is by far the most controversial president the US has ever offered the world. But behind the headline churning, attention grabbing façade, is there any difference between him and the 44 US presidents that have come before?

When one Jewish person is attacked because of his identity, the entire Jewish community feels assaulted. They do not forget the holocaust. People of African origins have suffered far more than any ethnic or social group since the beginning of time. But they are yet to develop their version of “never again” frame of mind. They have the most potent weapon to fight racial injustice: moral capital.

My father is a man of principles and a stubborn man. I am terrified that he will take his hunger strike to its end. I do not want him to die.

I see the idea of walking away from racial injustice head down and shoulder slumped to be beyond comprehension. It is that mentality that has allowed institutional racism in the World Bank to outlast apartheid. As of today, September 8, 2016, I will be on a hunger strike until the Bank fully restores my professional identity, and agrees to redress the irreparable damage it has caused my person and profession.

The World Bank should not be applauded for its new PR driven recruitments and promotions. Instead it should be held accountable for mistreatment of over 1500 black staff. The systemic racism for over half a century calls for bold and immediate actions. Establishing a high level external commission is the first critical step.

Prime Holdings, a corrupt company discredited a decade ago, is inexplicably back in business handling huge government contracts. Meanwhile, Crystal Ventures, a company owned by President Paul Kagame’s Rwandan Patriotic Front, dominates the commercial scene. 

In the September 17, 2014 issue of the Chicago Suntimes, President Kim wrote a letter to the editor to counter Reverend Jesse Jackson’s article titled “Apartheid Avenue Two Blocks from the White House.” That letter has since been removed from newspaper’s website. We republish it here.

Racial discrimination in the World Bank is a far more systemic and serious issue than any official is willing to admit. Successive Presidents have treated it as a can of worms that’s best kept closed. The Bank’s Administrative Tribunal exists to keep the can closed with a judicial seal and to shield senior management from accountability. 

World Bank President Jim Yong Kim is eyeing another 5-year term in 2017. He is the first Bank chief to be personally accused of racism against black staff. Believed to have been endorsed for his first term by Hilary Clinton, Bank employees are freaking out about the possibility of having Kim at the helm for a further five years, which they fear would be a forgone conclusion if Clinton wins the US presidency.

As he did last year, World Bank President Jim Yong Kim has announced another recruitment of Africans. But this is a PR gimmick meant to cover up deeply rooted racial discrimination against Black staff at the Bank. The Bank’s latest diversity report stresses that the Bank will not make substantive progress in eliminating subtle as well as overt racism unless more systemic changes are made.

An internal IMF report admitting the destructive nature of neoliberalism may have come too late for many African countries. The neoliberal structural adjustment programs have led to economic hardships, political instability and conflicts in most African countries where they have been implemented.