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The intention of the US found its feature through a clear formulation in the Agreement for the IBRD. The “purposes of the Bank” were defined as follo… - Nico Perrone
" "The intention of the US found its feature through a clear formulation in the Agreement for the IBRD. The “purposes of the Bank” were defined as follows: “To promote private foreign investment by means of guarantees or participations in loans and other investments made by private investors; and when private capital is not available on reasonable terms, to supplement private investments by providing, on suitable conditions, finance for productive purposes out of its own capital, funds raised by it and its other resources” (p. 130).
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About Nico Perrone
Nico Perrone (born April 27, 1935) is an Italian essayist, historian and journalist.
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Mattei was convinced that Italy, a poor and defeated country, nonetheless possessed notable energy deposits of petroleum in its subsoil, and he was also aware that the oil business, even if there were not really resources inside the country, was an important business which one could not stay out of and in which one could not be at the mercy of the big guys. So Mattei's program was to try to use all available means to exploit the country's energy resources, and if this were not possible, to seek international accords with coun¬tries which had these energy resources, so that they could be used by Italy in order to become a partner of the major pow¬ers, and not be at their mercy (p. 23).
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Only the American controlled sovereignty of IMF and World Bank are allowed, along with the strong national sovereignty of the US. Little and medium countries have been encouraged to divide themselves - occurred in former Yugoslavia, in Czechoslovakia, and was attempted in Northern Italy - or to dismiss their personality in favour of supranational organizations - in fact directed by the US (p. 141).
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