Multilateral Banks

Next week, thousands will descend on Porto Alegre, Brazil for the World Social Forum, under the slogan "Another World is Possible." We thought these reflections by Uruguayan writer Eduardo Galeano on the world as it is today were a good place to start.
The private sector was the first to notice: the planet is running out of fresh water at such a rate that soon it will be the most valuable commodity on earth.
In April, five people were shot dead in Bolivia, a military policeman was lynched and the president declared a state of siege following a general strike that shut down much of the nation. At the end of it all, for the first time in a decade anywhere in the world, American and British corporate giants, the targets of the protest, were booted out of the Andean nation, a stunning reversal of the march of globalization.
Dupont Circle was full to capacity this afternoon with several thousand people for a permitted rally protesting economic and environmental injustice, and the possibility of war in Iraq. The protest was part of a weekend of demonstrations timed to coincide with the annual meeting of the World Bank and International Monetary Fund.
This profile of Westdeutsche Landesbank is from CorpWatch's EuroZone Profiteers report which investigates the role of six major banks in Greece, Ireland and Spain during the EuroZone crisis. Loans from these banks helped fuel the credit boom that left the countries deep in debt.
WASHINGTON -- As the United States drifts deeper into the Colombian quagmire of drugs and war, policy-makers need to take a new look at the problems of poverty, joblessness and hopelessness that have made that country such a trouble spot.
Argentina's president, having just secured $8 billion in emergency aid from the International Monetary Fund, announced plans for a referendum this year on cost-cutting moves aimed at fighting a recession.
Washington, DC (September 25, 2002) -- Ahead of this weekend's Annual Meetings of the World Bank and International Monetary Fund (IMF), Africa Action denounced the failure of these institutions to respond to Africa's growing debt crisis, and issued the recommendations below for immediate action from creditors.
Kenneth W. Dam, a law professor and former top State Department official, will be nominated to become deputy secretary of the Treasury, the White House announced yesterday.
PRAGUE -- Yehoshua Tzarfati has a chilling story to tell. He came to Prague to help as a medic during this week's World Bank/IMF demonstrations.