Obama nominated Dartmouth University president Jim Yong Kim, M.D. to head the United Nations World Bank. Most people think that UN agencies benefit poor people, but this is far from the truth.
The UN World Bank claims to fight poverty in developing nations by financing infrastructure projects. But the UN World Bank is really a tool used to acquire Third World natural resources through conditions on loans that are extremely difficult to repay. The raw resources are then privatized by insider multi-national corporations. The World Bank actually creates more poverty.
The nomination of Jim Yong Kim indicates that the World Bank may shift away from focusing on infrastructure and will instead turn toward providing health care in Third World countries. Jim Yong Kim’s areas of interest include vaccines for tuberculosis as well as drugs for HIV and AIDS.
Read More: