Multilateral Banks

Washington, D.C. and Manila (September 25, 2002) -- The Global Alliance for Incinerator Alternatives (GAIA) today released a new report documenting the World Bank's continued funding of incineration, a polluting technology receiving intense criticism in many countries. The report, available online at www.no-burn.org, documents 156 World Bank Group projects in 68 countries in the last 10 years that have promoted incineration; 26 of those projects were initiated since 2001, including two projects that recommended incinerating PCBs in Argentina and Brazil, an Indian project that recommended incinerating PVC byproducts, and another Indian project that recommended an incinerator at a pesticide plant.
The heads of the World Bank and International Monetary Fund told 12 African leaders it would be impossible to cancel the entire debt of the world's poorest nations, as many have asked.
A government decision to cut food rations has hurt poor Iraqis who cannot afford high prices on the open market, say economists and Baghdad residents.
The ''report of the international financial institution advisory commission'' sounds so innocuous. It is not. In the current US debate, it will be explosive. The question is whether it will end with pure destruction or efficient replacements for the International Monetary Fund, World Bank and regional development banks of today.
Anti-privatisation protestors are expected to descend on the streets of Johannesburg this month as they demand a reversal of the sale of their municipal water supply to French multinational Suez Lyonnaise des Eaux.
September 29-30 the World Bank and International Monetary Fund will meet with each other in Washington DC... and meet tens of thousands of people from around the country and world opposing them in streets.
The highly publicized killing of Carlo Giuliani during the protests in Genoa on Friday, July 19th may mark a milestone for the anti-corporate globalization movement as significant as the Battle in Seattle.
The World Bank has frozen the distribution of $225m in loans to Venezuela's oil industry until the country ''normalises''.
the Initiative Against Economic Globalisation (INPEG)is deeply saddened that people have been hurt during the course of events of Tuesdays protests.
The only way to really describe the World Social Forum that just ended in Brazil is a global political ''carnaval.''