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18 Mar 2015

Jake Flanagin, Quartz

Why human rights objections to China’s version of the World Bank ring false

...China announced the establishment of the AIIB in Oct. 2013. A year later, 21 countries—including key US allies like India and the Philippines—signed on...According to The New York Times, “...the new bank would fail to meet environmental standards, procurement requirements and other safeguards adopted by the World Bank and the Asian Development Bank, including protections intended to prevent the forced removal of vulnerable populations from their lands.”...World Bank is hardly the world’s foremost champion for human rights in the developing world...although the World Bank has safe-guards in place to protect the vulnerable populations...they appear to be more regularly neglected than enforced...Amnesty International publicly condemned a World Bank-funded project in Lagos, Nigeria...A 59-page report compiled by Human Rights Watch highlights similar trends at the World Bank...