WASHINGTON -- Advocates for global justice today announced their plans to quarantine finance ministers and corporate executives gathering in Washington at the end of September. Critics remedies will include demonstrations, teach-ins, vigils, and debates before and during the annual meetings of the Boards of the International Monetary Fund (IMF) and World Bank. Thousands of people are expected to converge on Washington to quarantine delegates to the IMF/World Bank annual meetings.
Aid cannot buy economic reforms the World Bank concedes in a new study on Africa which shows that imposing conditions to force developing countries to adopt unpopular reforms has in many cases been ineffective.
The Senate is investigating the role of private investment banks in the Enron scandal. Could public institutions, like the World Bank and the Export-Import Bank be next?
Dr. Vineeta Gupta is a physician and human rights activist based in Punjab, India. She has focused her efforts on World Bank efforts to privatize healthcare in Punjab. According to Dr. Gupta, the result of World Bank policies has not been greater access to healthcare.
Now come the second thoughts on globalization, as never before have world markets been so integrated. The current financial crisis could mark the start of an effort to overhaul the global financial system conceived at the 1944 summit in Bretton Woods, N.H., which set the rules of international commerce for industrial countries.
As activists target the spring meetings of the IMF/World Bank with demands for 100% debt cancellation, the World Bank Bonds Boycott marks its one-year anniversary with an announcement that 25 institutions throughout the U.S. including city governments, trade unions, churches and investment firms have committed not to buy World Bank bonds.
Will demonstrators show that anti-corporate sentiment is alive and well? We look at the issues raised by the World Economic Forum in New York and the World Social Forum in Brazil.
On Thursday, the supreme administrative court ruled that the planned sale of the Electricity Generating Authority of Thailand (EGAT), to raise an estimated 892.5 million US dollars, was illegal.
The International Monetary Fund and World Bank will hold their annual meeting in Prague next month, attracting nearly 18,000 officials, private bankers and journalists, as well as 20,000-40,000 protesters.
International creditors of Mali have agreed to cancel $675 million of its debt over time under a controversial debt relief scheme, rewarding the West African nation for its pro-free market economic restructuring plan, they say.