As New York Attorney General Eliot Spitzer charges American International Group (AIG) executives with collusion in an insurance brokerage kickback scandal, a paper trail stretching back a decade reveals that AIG used offshore shell companies to skirt the law.
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.
A "healthy" number of companies have admitted paying bribes under a new World Bank disclosure program, which encourages firms that have worked on bank-funded projects to report corruption or fraud.
Congressman Bernard Sanders (I-VT), the Ranking Member of the International Monetary Policy and Trade Subcommittee, today called for an immediate Congressional investigation of the recent $30 billion International Monetary Fund (IMF) bailout of Brazil.
The World Bank on Saturday said it had canceled a conference on how to fight poverty due to take place in Spain next month because of concerns anti-globalization groups would try to disrupt the event.
The ''report of the international financial institution advisory commission'' sounds so innocuous. It is not. In the current US debate, it will be explosive. The question is whether it will end with pure destruction or efficient replacements for the International Monetary Fund, World Bank and regional development banks of today.
Anti-privatisation protestors are expected to descend on the streets of Johannesburg this month as they demand a reversal of the sale of their municipal water supply to French multinational Suez Lyonnaise des Eaux.
September 29-30 the World Bank and International Monetary Fund will meet with each other in Washington DC... and meet tens of thousands of people from around the country and world opposing them in streets.
The highly publicized killing of Carlo Giuliani during the protests in Genoa on Friday, July 19th may mark a milestone for the anti-corporate globalization movement as significant as the Battle in Seattle.