Worried about a repetition in Italy of the violent protests that occurred at a European Union meeting in Sweden last weekend, Prime Minister Silvio Berlusconi said today that he wanted to open a dialogue with demonstrators who are planning to march at the Group of 8 summit meeting in Genoa next month.
Sixty-four mainly European nongovernmental organizations (NGOs) from some 37 countries are asking international financial institutions (IFIs), like the World Bank, and bilateral export credit agencies (ECAs), including the United States Export-Import Bank, to deny funding for a multi-billion-dollar oil pipeline project to run more than 1,000 miles from the Caspian Sea to Ceyhan, a Turkish port on the Mediterranean.
US business and financial organizations yesterday added their weight to a campaign to secure finance from Congress for a debt relief initiative for the world's poorest countries, reports the Financial Times. The groups, which include Goldman Sachs, Motorola, Bechtel, Caterpillar, and Merck, signed an open statement calling for full US funding for the initiative for the most heavily indebted poor countries.
Chad on Monday softened threats to stop sheltering Sudanese refugees and halt oil production following rebel attacks as the United States offered to broker a solution to a dispute with the World Bank.
We want to firmly and unequivocally state our intention not to participate in the World Bank Development Gateway project. That while the Development Gateway purports to promote local community organisations and their information initiatives, its true intention is to control the development information discourse to promote its own particular perpectives.
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.
Hospital admissions arising from unsafe abortions in Argentina rose 50 percent in five years, and multiplied by a factor of 2.5 in some provinces -- a lethal consequence of the economic crisis and soaring poverty.
An independent ombudsman has confirmed that World Bank officials should have raised serious questions before the International Finance Corporation (IFC) - the private sector arm of the World Bank - approved a $30 million loan to CorporaciÃ³n Dinant in Honduras in 2009 for palm oil plantation projects.
The system is blind -- not only in Argentina, not only in Latin America. For the most notorious economists, the people are mere numbers. For the most powerful bankers, they are debtors. For the most efficient technocrats, they are problems. For the most successful politicians, they are votes.
Zirin has been organizing meetings with his Latino neighbors in Washington's Mount Pleasant community, talking to them about fighting the Goliaths of globalization, the International Monetary Fund and the World Bank. Capano has been spreading the word about the two institutions in Lynn, Mass., arranging a bus caravan to head to Washington with fellow union members eager to give the world's bankers an earful.