Monday, March 11, 2013
Banking on Terror
When the World Bank and the Inter-American Development Bank funded genocide in Guatemala under the notorious dictator Rios Montt, they were banking on state-sponsored terror to protect their investments. Now that Montt is on trial for his crimes, human rights organizations like Jubilee International are calling for the World Bank and Inter-American Development Bank to be held responsible. Along with the International Monetary Fund, the two international banks are complicit not only in past genocide against Mayan communities, but in present austerity programs that pour salt in the wounds of the impoverished people of Guatemala.