Multilateral Banks

Local communities in Nigeria are taking the World Bank before an internal auditor over claims that the lender neglected its duties and anti-poverty mission when it funded a controversial gas pipeline in the region, whose construction they say will harm the environment and area residents.
WASHINGTON (April 18, 2002) -- As the World Bank/IMF Spring Meetings approach and protesters prepare demonstrations for April 20-21 in Washington, campaigners today announced growth of the World Bank Bonds Boycott campaign.
Security concerns have forced the World Bank and International Monetary Fund (IMF) to drastically scale back plans for their annual meetings here next month. The agencies say the meetings, usually held over the course of about a week, will take place on Sep. 29 and 30. Their executive boards are expected to formally approve the change Tuesday. The meetings had been scheduled for Sep. 28 through Oct. 4.
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.
If you ask a Mexican farmer, Indian civil servant, Filipina garment worker, Bolivian miner or South African student what structural adjustment is, chances are they would be able to explain IMF and World Bank mandated belt tightening because their lives have been touched by it.
Columnist Walden Bello met an old contact from the World Bank during the World Bank-IMF joint annual meetings in Prague, Czech Republic, on Sept. 26 to 28. The following is his account of the events that unfolded around him during that fateful conference. Antonio Andrade is not his real name.
WASHINGTON -- The White House and Congress are trumpeting their determination to bring economic opportunity to the people of Africa. But first, a few million sub-Saharan farmers will have to suffer.
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.
We encourage all people to support nonviolence rather than retaliation as the appropriate response to these acts. Similarly, we urge our leaders in Washington to refrain from responding to this tragedy in a manner that visits more pain and suffering on an already sorrowed world. We also join in urging everyone to resist assigning responsibility to any particular group.