[Marxism] Fwd: FINANCE: Learn from Cuba, Says World Bank | Inter Press Service
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Mon Nov 28 06:22:17 MST 2016
World Bank President James Wolfensohn Monday extolled the Communist
government of President Fidel Castro for doing “a great job” in
providing for the social welfare of the Cuban people.
His remarks followed Sunday’s publication of the Bank’s 2001 edition of
‘World Development Indicators’ (WDI) which showed Cuba as topping
virtually all other poor countries in health and education statistics.
It also showed that Havana has actually improved its performance in both
areas despite the continuation of the US trade embargo against it and
the end of Soviet aid and subsidies for the Caribbean island more than
ten years ago.
“Cuba has done a great job on education and health,” Wolfensohn told
reporters at the conclusion of the annual spring meetings of the Bank
and the International Monetary Fund (IMF). “They have done a good job,
and it does not embarrass me to admit it.”
His remarks reflect a growing appreciation in the Bank for Cuba’s social
record, despite recognition that Havana’s economic policies are
virtually the antithesis of the “Washington Consensus”, the neo-liberal
orthodoxy that has dominated the Bank’s policy advice and its
controversial structural adjustment programmes (SAPs) for most of the
last 20 years.
Some senior Bank officers, however, go so far as to suggest that other
developing countries should take a very close look at Cuba’s performance.
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