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, 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.
The Earth Summit in Rio de Janiero Brazil 1992 was supposed to result in countries across the world restructuring their development in order to guarantee sustainability for future generations. After 10 years no positive changes can be seen. The exploitation of natural resources and the destruction of the environment continue, access to productive resources has become more difficult.
As part of a protest movement that has brought Ecuador to a virtual standstill, a growing number of activists from environmental and human rights organizations have occupied the offices of the International Monetary Fund (IMF) in Quito to protest the IMF's role in Ecuador's current social crisis.