Over a thousand environmental protesters today stormed police barricades in New Delhi, and marched up to the offices of the World Bank, demanding they be allowed to meet with visiting Bank president James Wolfensohn.
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.
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.
Some 5,000 demonstrators marched towards Prague's Congress Centre on Tuesday in a bid to besiege the annual International Monetary Fund and World Bank meetings.
The world's rich and powerful are heading this week to their annual meeting in the plush mountain resort of Davos, Switzerland. Hosted by the great global corporations (Citigroup, Siemans, Microsoft, Nestles, etc.), some 2000 CEO's, prominent politicians, pundits and international bureaucrats will network over great food, fine wine, good skiing and cozy evenings by the fire contemplating the world's future.
Activist groups that paralyzed downtown Seattle during the World Trade Organization conference late last year plan to converge on Washington in April to protest a joint meeting of the World Bank and International Monetary Fund.
A report from an unexpected quarter, the World Bank, has set forth a number of recommendations to mitigate the environmental impact of two paper pulp factories being built in Uruguay on a river that separates the country from Argentina.
This profile of Ireland is from CorpWatch's EuroZone Profiteers report - a study of the 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 borrowing countries deep in debt.
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.