“While one welcomes aid that gets through to help the poorest people in the poorest parts of the world, does my hon. Friend share my concern that some policies, particularly those adopted by the World Bank in its advice to poor countries in receipt of loans it organises, force on those countries economic models that often involve cuts in public expenditure which make the living conditions of people dependent on public services, health, education or housing worse because those countries are pursuing some economic Valhalla similar to that pursued by the present Government? Does he believe that the Government should consider their role in multinational agencies such as the World Bank as well as my hon. Friend's obvious and quite correct concern about the lack of spending on overseas aid in general?”

— Jeremy Corbyn

Question http://hansard.millbanksystems.com/commons/1988/jul/28/overseas-aid-and-development in the House of Commons (28 July 1988).
1980s

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Jeremy Corbyn 76

British Labour Party politician 1949

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“My hon. Friend must be aware of the words used by the Chancellor on Tuesday, when he said that, this year, the Government expect to make a surplus of £14 billion—part of which will be used to pay off the national debt. In those circumstances, would it not be more appropriate and beneficial to the rest of the world if more money were given for overseas aid and to assist the very poor countries in the usary levels of debt repayments that they are forced into at present?”

Jeremy Corbyn (1949) British Labour Party politician

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“It’s going to mean that people who need medical services in Australia are going to be displaced from those services. Because if you bring hundreds and hundreds of people from Nauru and Manus down to our country, they are going to go into the health network, I don’t want to see Australians who are in waiting lines in public hospitals kicked off those waiting lines because people off Nauru and Manus are now going to access those health services.”

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Jeremy Corbyn (1949) British Labour Party politician

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“Far from there being a constant flow of resources and aid from northern countries to southern countries, the opposite is the case, and has been for most of the past 200 years. Colonialism was not about exporting civilisations; it was not about improving the lot of people in the poorest countries—it was driven by greed and avarice and a determination to control other people's lives. It was about ensuring that the work, the raw materials and the food of the poorer countries flowed out to the richest parts of the world. That is the legacy of colonialism and imperialism that we have to deal with today. I honestly believe that the role of the world's twin financial institutions, the International Monetary Fund and the World bank, is essentially to reassert that old-world order so that once more a minority of northern, predominantly rich countries dominate the majority of southern, predominantly poor countries.”

Jeremy Corbyn (1949) British Labour Party politician

Speech http://hansard.millbanksystems.com/commons/1990/dec/14/overseas-development in the House of Commons (14 December 1990).
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“ We used many techniques, but probably the most common is that we will go to a country that has resources that our corporations covet- like oil- and we will arrange a huge loan to that country from an organization like the World Bank or one of its sisters. But almost all of the money goes to U. S. corporations, not to the country itself, corporations like Bechtel and Halliburton, General Motors, General Electric, these types of organizations, and they build huge infrastructure projects in the country- power plants, highways, ports, industrial parks- things that serve the very rich and seldom even reach the poor.In fact the poor suffer because the loans have to be repaid, and they are huge loans, and the repayment of them means that poor won’t get education, health, and other social services and the country is left holding a huge debt, by intention. We go back, we economic hitmen, to this country and say, “Look, you owe us a lot of money. You can’t repay your debts, so give us a pound of flesh”.”

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Jeremy Corbyn 76

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