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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.


World Bank Agrees to Investigate Labor Conditions at Indian Tea Company
by Pratap ChatterjeeCorpWatch Blog
February 21st, 2014
The World Bank has agreed to investigate Amalgamated Plantations Private Limited (APPL) in India for abusive working conditions on tea plantations in the north-eastern Indian state of Assam, following a formal complaint by workers. A Columbia Law School team has confirmed the workers allegations.

World Bank Slammed for Dinant Loan Linked to Honduran Killings
by Pratap ChatterjeeCorpWatch Blog
January 14th, 2014
An independent ombudsman has confirmed that World Bank officials should have raised serious questions before the International Finance Corporation (IFC) – the private sector arm of the World Bank – approved a $30 million loan to Corporación Dinant in Honduras in 2009 for palm oil plantation projects.

Bailing out Germany: The Story Behind the European Financial Crisis
by Pratap ChatterjeeCorpWatch Blog
May 28th, 2012
A large chunk of the Eurozone bailouts are for speculative schemes that were handed out by banks in just four countries Belgium, France, Germany and the UK. So why are Greece, Ireland, Italy, Portugal and Spain being blamed? And who is really getting bailed out?

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.

Soweto Resists ANC Privatization Moves
by Walter Turner: Interview with Trevor NgwaneAfrica Today
August 18th, 2004
From illegal reconnection to the electrical grid, "Operation Khanyisa" to refusal of pre-pair water meters, South Africa's largest black township fights back.

AES Backs Out of Bujagali Dam Project
by Sasha LilleySpecial to CorpWatch
August 28th, 2003
The future of a World Bank-sponsored dam scheme at Bujagali Falls on the Victoria Nile in eastern Uganda has been thrown into question with the withdrawal of energy giant AES Corporation from the project.

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