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The World Bank Should Discriminate More | Paul Wolfowitz | Oxford Union

4,115 views · Published 2 December 2013 · 2:53 · Indexed 31 October 2026

Channel: OxfordUnion · 2013 · News & Politics

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Paul Wolfowitz answers a question on whether the world is a safer place.
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Paul Wolfowitz comments on the World Bank being problematic in giving money to governments to support economic development. Some governments are competant in making good use of the funds, others not so much. However there are governments that are actively malevilant in stealing from it's people like Congo Brazzaville. The Congo is huge oil exporter but 70% of the population live on less than a dollar a day. Giving more money to the rulers just gives them more power to control things, the World Bank should discriminate more about who it gives money to. Filtering money through governments isn't the way to go when it comes to helping poor people in other countries.
Filmed on Friday 15th November 2013

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ABOUT PAUL WOLFOWITZ:
Paul Dundes Wolfowitz is a former President of the World Bank, United States Ambassador to Indonesia, U.S. Deputy Secretary of Defense, and former dean of the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University. He is currently a visiting scholar at the American Enterprise Institute, working on issues of international economic development, Africa and public-private partnerships, and chairman of the US-Taiwan Business Council.

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