But these jujitsu tactics may be running out of steam. Political momentum against the IMF ratcheted up in recent weeks, when the Meltzer Commission, a bipartisan advisory commission to the U.S. Congress, released its report.
Every year the World Bank and its regional counterparts such as the Asian Development Bank, the Inter-American Development Bank, the African Development Bank, and the European Bank for Reconstruction and Development, collectively known as Multilateral Development Banks (MDBs), lend $45 billion to the so-called ''developing'' world.
Activists, businessmen and government leaders met on Tuesday in the shadow of the U.N. Millennium Summit, agonizing over the future of economic globalization following the disruption of the WTO in Seattle and how to narrow the widening gap between rich and poor.
April's big business-led coup in Venezuela failed, where international finance's coup in Argentina in recent months has succeeded. Greg Palast gives us the inside track on two very different power-grabs.
The mining industry has a worldwide image problem. In developing and developed countries alike, the public tends to regard mines as dirty, dangerous and disruptive - and those who stand to profit from them as greedy despoilers.
Worries by Brazil's government over plans by a grassroots movement to hold a plebiscite on the country's huge debt costs gathered steam this week as the vote aiming to force attention on deep social inequalities approached.
BUENOS AIRES-- Leaders of Protestant churches of Latin America, tired of alleviating social problems that they blame on neo-liberal free market policies, have decided to advance their own alternative proposals to governments and the multilateral lending institutions.
Bank of America leads the list of companies that have paid over $1 billion in penalties and fines to the U.S. government in the last six years. Violation Tracker, a new corporate misconduct database maintained by Good Jobs First, estimates that the North Carolina bank has paid $56 billion.
Disappointment at the World Bank's decision to finance the controversial Chad-Cameroon pipeline had hardly subsided when the ramifications of an International Monetary Fund (IMF) structural adjustment program in Cameroon risks creating Africa's latest crisis.
Hundreds of protesters in Palu, Central Sulawesi, threw rocks at the provincial headquarters of President Megawati Sukarnoputri's political party. Police fired off at least two rounds of warning shots. There have been daily protests since the government increased fuel prices by 22% a fortnight ago as part of a package of economic reforms approved by the International Monetary Fund.