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World Financial Institutions

The International Monetary Fund and the World Trade Organization rule trade worldwide, ostensibly helping developing countries enter the 21st century by investing in their modernization, and regulating trade to allow smaller nations compete with the big boys. But this "aid" often comes with a heavy price. Developing nations are often driven into deep debt, and then forced to turn their public services over to multinational corporations. Meanwhile, trade rules force developing nations to weaken rules on labor and environment in order to remain competitive.


News Articles

EU: Court hits at Brussels secrecy
by Andy BoundsFinancial Times
November 8th, 2007
The European Union's secretive decision-making processes were condemned on Thursday in a legal judgment that should lead to more light being shed on how thousands of regulations affecting businesses are hatched.

CONGO: World Bank accused of razing Congo forests
by John VidalThe Guardian (UK)
October 4th, 2007
The World Bank encouraged foreign companies to destructively log the world's second largest forest, endangering the lives of thousands of Congolese Pygmies, according to a report on an internal investigation by senior bank staff and outside experts.

BRITAIN: Companies 'looting' a continent
by Fran AbramsBBC News
July 24th, 2007
Gordon Brown has signalled he wants to see poor countries develop through trade rather than aid.

WORLD: A Way for Resource-Rich Countries to Audit Their Way Out of Corruption
by Tyler CowenThe New York Times
July 12th, 2007
An Oxford economist has a new and potentially powerful idea: setting up an voluntary international charter to guide transparency efforts in resource-rich developing countries, in order to stave of corruption.

UGANDA: African forest under threat from sugar cane plantation
by Daniel HowdenThe Independent (UK)
July 10th, 2007
Conservationists in Uganda are fighting a last-ditch battle to stop the destruction of a forest reserve by a sugar corporation friendly with the government.


CorpWatch Blog

The IDB—50 Years, Zero Reflection
by Laura CarlsenAmericas Policy Program, Center for International Policy
April 3rd, 2009

Who Will Determine the Future of Capitalism?
by Philip Mattera
March 13th, 2009

Norway finds Canada's largest publicly-traded company, Barrick Gold, unethical
by Sakura Saundersprotestbarrick.net
February 2nd, 2009
Norway's Ministry of Finance announced Friday that it would exclude mining giant Barrick Gold and U.S. weapons producer Textron Inc from the country's pension fund for ethical reasons. This is an especially significant judgment for Canada, as Barrick Gold is currently Canada's largest publicly traded company.

Digging for Dirt in the DRC?
by Amelia Hight
July 25th, 2007
As the Congolese government begins a review of mining contracts, a mining kingpin is deported on unrelated corruption charges, and the World Bank faces accusations of failure to provide oversight of contract deals.


CorpWatch Exclusives

Uruguay: Pulp Factions: Uruguay’s Environmentalists v. Big Paper
by Raúl PierriSpecial to CorpWatch
January 16th, 2006
Massive monoculture plantations have begun a cascade of changes to Uruguay’s economy, environment and culture. Now, the foreign corporations that grow the trees are escalating the process by building massive pulp mills that threatening lives and livelihoods.

Playing Chicken: Ghana vs. the IMF
by Linus AtarahSpecial to CorpWatch
June 14th, 2005
Thanks to the IMF and the World Bank, chicken and other local agriculture staples in Ghana are being replaced by subsidized foreign imports.

Carbon: Under Kyoto, a Hot Commodity
by Daphne WyshamSpecial to CorpWatch
February 18th, 2005
Are World Bank-funded efforts to compensate for corporate emissions sustainable? Or will they affect poor communities disproportionately?

Two World Forums, Two Visions
by Pratap ChatterjeeSpecial to CorpWatch
January 27th, 2005
While the world's biggest CEOs and politicians gather in Davos, Switzerland to network and negotiate, activists and NGO-workers meet halfway around the world in Porto Alegre, Brazil to imagine other, more humanity-focused possibilities.

Paving the Amazon with Soy
by Sasha LilleySpecial to CorpWatch
December 16th, 2004
Soy rules the central Brazilian state of Mato Grosso and it's not the soy that much of the world associates with the ostensibly eco-friendly, vegetarian diet, either. With help from the World Bank, André Maggi (the Soy King) is bankrolling the destruction of one of the world's most biodiverse ecosystems: the savanna.


Commentary & Analysis

US: Predictions of an Economic Hit Man
by John PerkinsAlterNet
January 13th, 2006
Evo Morales is the latest in a long list of democratically elected Latin American presidents whose primary appeal is their opposition to U.S., IMF and World Bank policies that favor foreign corporations with reputations for exploiting natural resources and local labor.

ARGENTINA: Nation Pays Debt--To Democracy
by Eduardo GaleanoThe Progressive
January 26th, 2002
The system is blind -- not only in Argentina, not only in Latin America. For the most notorious economists, the people are mere numbers. For the most powerful bankers, they are debtors. For the most efficient technocrats, they are problems. For the most successful politicians, they are votes.

CANADA: Not One or Two, but Hundreds of Protests
by Naomi KleinGlobe and Mail
April 24th, 2001
It's not just that the police didn't get the joke, it's that they don't get that they the new era of political protest, one adapted to our post-modern times. There was no one person or group who could call off "their people," because the tens of thousands who came out to protest the Free Trade Area of the Americas are part of a movement that doesn't have a leader, a center, or even an agreed-upon name.