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The World Bank is the single biggest source of finance for international development, and its policies have a critical impact on the future of more than 110 borrowing countries. In this dramatic and lively new critique, Bruce Rich, internationally known expert on the environment and the World Bank, analyzes how the Bank has become a seemingly unstoppable and often destructive environmental and political force. The author chronicles the life-and-death impact of Bank-funded projects around the world: huge dams that have forced the resettlement of millions of the poorest people on earth, road building and jungle colonization schemes in Brazil, Indonesia, and Africa that have left vast deforestation and social conflict in their wake, and much more. Rich also recounts the bold grassroots campaigns of nongovernmental groups seeking alternatives to Bank-style development. Confidential internal Bank documents expose chronic misrepresentations by Bank management to its donor nations and to the public. Rich reveals how senior officials continue to push money into projects with disastrous ecological and human rights consequences, despite early and persistent protests of Bank staff. He shows how repeatedly and without political accountability the Bank has increased its support for regimes that torture and murder their subjects, from Ceaucescu's Romania to Suharto's Indonesia. Mortgaging the Earth explains the so-called pressure to lend that emerges as a leitmotif in the Bank's fifty-year history and shows how this institutional dynamic has taken on a damaging life of its own. Rich traces the history of the Bank, from its inception at Bretton Woods, where it was conceived as a way to funnelreconstruction loans for war-torn Europe, through the surreally top-down tenure of Robert McNamara to the Rio de Janeiro Earth Summit. At Rio, governments poured billions of dollars more into the Bank to save our global environment - while the Bank financed new ecological disasters.

Lippo Banking Group - Bank Lippo is Indonesia's 9th largest lender. It is controlled by ethnic Chinese Mochtar Riady (Pinyin Name: Li Wen Zheng) together with the Lippo Group.

Sumitomo Mitsui Banking Corporation - Sumitomo Mitsui Banking Corporation (SMBC, Mitsui Sumitomo Ginko, 三井住友銀行) is a Japanese bank based in Tokyo, Japan. It is a member of the Sumitomo Group and Mitsui Group.

Basel Committee on Banking Supervision - Basel Committee on Banking Supervision is an institution created by the central bank Governors of the Group of Ten nations (see Group of Ten). It was created in 1975 and meets regularly four times a year.

Hongkong and Shanghai Banking Corporation - The Hongkong and Shanghai Banking Corporation Limited (香港上海滙豐銀行), based in Hong Kong, is a wholly-owned subsidiary and the founding member of the HSBC Group, which is traded on several stock exchanges as HSBC Holdings PLC. The business ranges from the traditional High Street roles of personal finance and commercial banking, to corporate and investment banking, and private banking.

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