Press Release - Monday, February 9, 2004

High Level World Bank Review calls for the phase out of World Bank involvement in oil exploitation and coal mining

Bank Management to ignore recommendations says leaked report

(Ottawa) February 9th, 2004 -- Conforming to industry’s desires, the World Bank management is pushing to have its Board of Directors reject the recommendations of an independent review of its performance in the oil, coal, and mining sectors, according to a leaked report. The World Bank’s Management Response to the Extractive Industries Review (EIR) was leaked last week.

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