Now come the second thoughts on globalization, as never before have world markets been so integrated. The current financial crisis could mark the start of an effort to overhaul the global financial system conceived at the 1944 summit in Bretton Woods, N.H., which set the rules of international commerce for industrial countries.
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.
Walking on Fire: Haitian Women's Stories of Survival and Resistance, a new book from Center for Economic Justice director Bev Bell focuses on, among other things, the impacts of structural adjustment in Haiti and the responses and resistance strategies of Haitian women to such policies.
U.S. taxpayers' money, $7 billion worth, laid the foundation for Enron's global operations. Wysham and Vallette expose the company's dirty deals that brought turmoil to communities the world over.
The planned Bujagali Dam in Uganda violates five key World Bank policies. This is the conclusion of a confidential new report by the Inspection Panel, the World Bank's investigative body. The Panel report suggests a series of corrective measures to rectify the project's problems. International Rivers Network calls for these measures to be carried out before more funding for the project is approved by the Bank's Executive Board.
Riot police made what appeared to be an unprovoked attack Sunday on anti-globalization protesters gathered in a city park following a midday march down a main boulevard. At least 32 people were slightly injured and 19 were arrested.
Restrictions on the movement of goods and people in Israel and the occupied territories in response to the 18-month old intifada have brought the Palestinian economy close to collapse, according to a new report by the World Bank.