Multilateral Banks

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.
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.
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.
As New York Attorney General Eliot Spitzer charges American International Group (AIG) executives with collusion in an insurance brokerage kickback scandal, a paper trail stretching back a decade reveals that AIG used offshore shell companies to skirt the law.
WASHINGTON -- The World Bank has caved in to pressure from one of the biggest anti-World Bank campaigns by non-governmental organisations forcing China to use its own funds to resettle farmers on Tibetan territory.
A "healthy" number of companies have admitted paying bribes under a new World Bank disclosure program, which encourages firms that have worked on bank-funded projects to report corruption or fraud.
Congressman Bernard Sanders (I-VT), the Ranking Member of the International Monetary Policy and Trade Subcommittee, today called for an immediate Congressional investigation of the recent $30 billion International Monetary Fund (IMF) bailout of Brazil.
The World Bank on Saturday said it had canceled a conference on how to fight poverty due to take place in Spain next month because of concerns anti-globalization groups would try to disrupt the event.
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.