Race has become such a scary word to the World Bank that its officials found themselves referring to it as the 'R-word' while responding to charges that the institution had skirted race in its recent World Development Report.
Nine days ahead of this month's G8 summit in the Italian city of Genoa, an ever-developing anti-globalization movement prepares to make its presence felt.
KABUL -- World Bank chief James Wolfensohn said Wednesday he had held talks about financing a fuel pipeline to channel massive gas reserves from Turkmenistan through Afghanistan to India or Pakistan.
International debt relief campaigners took to the streets of Prague on Sunday angrily demanding that the world's creditors finally make good on promises to write off large swathes of poor countries' debts.
The World Bank should revamp its lending policies for mining, oil and gas projects to avoid corruption, mismanagement and poor economic performance spreading in countries that rely on such industries, says a confidential study by the Bank's internal review body.
Norway's Ministry of Finance announced Friday that it would exclude mining giant Barrick Gold and U.S. weapons producer Textron Inc from the country's pension fund for ethical reasons. This is an especially significant judgment for Canada, as Barrick Gold is currently Canada's largest publicly traded company.
In advance of the institutions' meeting in Ottawa, Global Democracy Ottawa, in coalition with a broad array of social justice, environmental, labor, human rights, student groups and activists will re-release four demands which, if implemented, would begin to create a more just global economy that elevates human need over corporate greed.
Child labor has not yet been eradicated in Brazil due to cutbacks in social spending aimed at ensuring payments on the foreign debt, Social Watch, an international network linking non-governmental organisations from 60 countries, said Wednesday.
BUENOS AIRES -- The Argentine government declared a food emergency Wednesday as demonstrations intensified outside banks in several cities in protest against strict banking curbs. The justice authorities, meanwhile, began investigating reports of massive transfer of capital out of the country.
Staff at the International Monetary Fund and World Bank were resigned Wednesday that their upcoming annual meetings at the end of September would be cancelled, saying an announcement was expected within days