Some 5,000 demonstrators marched towards Prague's Congress Centre on Tuesday in a bid to besiege the annual International Monetary Fund and World Bank meetings.
The world's rich and powerful are heading this week to their annual meeting in the plush mountain resort of Davos, Switzerland. Hosted by the great global corporations (Citigroup, Siemans, Microsoft, Nestles, etc.), some 2000 CEO's, prominent politicians, pundits and international bureaucrats will network over great food, fine wine, good skiing and cozy evenings by the fire contemplating the world's future.
Investment Technology Group (ITG), a U.S. stock broker, paid a $20.3 million fine for running a secret operation named Project Omega to take advantage of "dark pools" trading orders made by its clients. Experts say that Barclays and Credit Suisse may also soon pay fines for dark pools trading scams.
Ravi Kanbur, lead author of the World Bank's forthcoming World Development Report (WDR) on Poverty, has tendered his resignation. He has sent a letter to senior Bank management expressing his concerns about what he saw as unreasonable pressure to tone down WDR sections on globalisation.
Tell the World Bank to stop funding incinerators. Dioxin factories are not ''sustainable development''! Stand in solidarity on Sep. 25 with people in Kenya, Argentina, South Africa, Mexico, India, Brazil, Turkey, Mozambique, Nigeria, Philippines, South Korea, Bulgaria, and the U.K. as they tell the World Bank to break its ugly incinerator habit.
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.
Tanzania, a country twice the size of California, is located in East Africa, just south of Kenya. Last year I was there for 3 months researching the impact of World Bank and IMF economic policies on the country's small farmers who make up the overwhelming majority of the population. Recently, Tanzania overtook South Africa to become Africa's third biggest producer of tobacco, after Zimbabwe and Malawi.