Sovereign Immunity
The World Bank requires sovereign immunity from countries it deals with. Sovereign immunity waives a holder from all legal liability for their actions. It is proposed that this immunity from responsibility is a "shield which wants to resort to, for escaping accountability and security by the people." As the United States has veto power, it can prevent the World Bank from taking action against its interests.
Read more about this topic: World Bank, Criticisms
Famous quotes containing the words sovereign and/or immunity:
“The obligation of subjects to the sovereign is understood to last as long, and no longer, than the power lasteth by which he is able to protect them.”
—Thomas Hobbes (1588–1679)
“When the peace is a trade route, figures
For the budget, reduction of population,
Life grown sullen and immense
Lusts after immunity to pain.”
—Allen Tate (1899–1979)