Multilateral Banks

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. Read More

Last Friday, Horst Koehler, newly-appointed head of the International Monetary Fund, received a hostile response from the anti-privatisation forum, Jubilee 2000, the campaign against neoliberalism and the South African Communist Party. Read More

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. Read More

WASHINGTON -- World Bank funding should not go toward building a large hydroelectric dam in Uganda when smaller scale renewable energy, like wind and solar, would more likely benefit the East African nation's rural poor, according to environmental groups here. Read More

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. Read More

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. Read More

In honor of this Award, World President James ''Bonds'' Wolfensohn will receive a low-interest loan to pay for his upcoming Toxic Tour of World Bank Project sites. Read More

The final day of the World Bank/IMF protests ranged from stand offs between protestors and police, an obsession with violence on the part of the media, and excitement and hopefulness from organizers and activists. Read More

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. Read More

Dr. Vineeta Gupta is a physician and human rights activist based in Punjab, India. She has focused her efforts on World Bank efforts to privatize healthcare in Punjab. According to Dr. Gupta, the result of World Bank policies has not been greater access to healthcare. Read More