The City of Oakland, California; the communications Workers of America; the United Electrical, Radio, and Machine Workers of America (UE); Citizens Funds; and the Sisters of Loretto have all committed -- through resolution or statement of policy -- not to purchase bonds issued by the World Bank. Read More
Czech President Vaclav Havel brought leaders of the IMF and the World Bank together with their critics on Saturday in the hope dialogue would replace demonstrations as the keynote of this week's gatherings. Read More
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. Read More
The International Monetary Fund and World Bank will hold their annual meeting in Prague next month, attracting nearly 18,000 officials, private bankers and journalists, as well as 20,000-40,000 protesters. Read More
50 Years is Enough Network, Bretton Woods Project and the World Bank Bonds Boycott Campaign
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Friday, September 1, 2000
What is the World Bank? Created at the Bretton Woods Conference in 1944, the World Bank Group is comprised of five agencies that make loans or guarantee credit to 177 member countries. Read More
Human rights and environmental groups are condemning state police in India for preventing about 500 people from attending a public hearing on a controversial dam planned for the Narmada river. Read More
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. Read More
According to the report, thousands of villagers in eastern and central India received no compensation after state-owned Coal India used a $530 million loan from the World Bank in 1997 to raze their homes in a coal mine modernization scheme. Although resettling, compensating and retraining farmers as entrepreneurs was part of the loan deal, Coal India had no experience in these activities and was unable to carry them out. Read More
FBI chief Louis Freeh met with Czech Interior Minister Stanislav Gross to finalize arrangements and discuss an agenda for the joint US-Czech project, which is to include at least one agent and an administrative force. Although the training and intelligence gathering center is supposed to be fighting organized crime, the Central and Eastern European Review reports that one of the ''main topics of discussion during Freeh's visit was the upcoming joint IMF/World Bank annual meeting in Prague in September.'' Read More
The director of the International Monetary Fund said Monday he is confident that authorities in Prague are ready to handle possible riots during the IMF and World Bank meeting that will be held in the Czech capital in September. Read More
