Multilateral Banks

WASHINGTON, DC -- Global Justice activists are feeling the pinch of their civil liberties at home. After three weeks of review, the DC Metro Police Department belatedly denied a permit for the Mobilization for Global Justice (MGJ) to present brief street theater demonstrations and speeches in front the IMF and World Bank headquarters and four downtown corporate offices implicated in the expanding war in Colombia. In a fax to organizers, police indicated that protesters would only be allowed to rally several blocks away from the IMF and World Bank and proceed along a separate route well away from the corporate offices.
Turkish financial markets fell sharply Friday amid fears that the government was making no headway in persuading international lenders to release $3.3 billion in loans that will finance an economic recovery plan.
The World Bank encouraged foreign companies to destructively log the world's second largest forest, endangering the lives of thousands of Congolese Pygmies, according to a report on an internal investigation by senior bank staff and outside experts.
Mozambique, hit by the worst floods in 30 years, is having to pay $1.4 million a week in debt service, the Jubilee 2000 Coalition revealed in a statement to the press on 23rd February.
PRAGUE -- In a day of protests that were more colorful than violent, 9,000 demonstrators surrounded Prague's Congress Center where the World Bank and IMF are holding their annual meeting.
Anti-tobacco campaigners argue that profitable alternatives to tobacco exist but have received little attention. Through their development aid programmes, industrialised countries have helped developing countries to increase their output of tobacco, rather than help them switch to suitable alternatives. Through the imposition of structural adjustment programmes, the World Bank has encouraged governments to support farmers who grow crops for export. While the Bank no longer lends directly to tobacco production projects, its adjustment policies have encouraged additional output.
Betty Kavila is one of the 25,783 civil servants who are to be retrenched in October as a condition set by the World Bank and International Monetary Fund to resume lending to Kenya.
OLEY, PA -- Who really rules the world now? Is it governments or a handful of huge, multinational companies? The wealth of American car giant Ford is worth more than the economy of South Africa. A handful of hugely rich men, like Bill Gates, have a wealth greater than most of Africa. Is there now an alliance between the superpowers of wealth, politics and military might? THE NEW RULERS OF THE WORLD -- A Special Report by John Pilger takes the viewer behind the hype of the new 'global' economy, where the divisions between rich and poor have never been greater.
A pipeline crossing the Peruvian Amazon has spilled natural gas liquids four times since it opened 15 months ago because it was shoddily built by unqualified welders using corroded pipes left from other jobs, according to a new technical report by the nonprofit environmental consultancy E-Tech International based in San Diego.
Friends of the Earth today confirmed they would not participate in planned demonstrations during meetings of the World Bank and International Monetary Fund later this month in light of recent terrorist attacks on The United States.