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Pittsburgh -- In a speech today to the Ninth World Steel Conference in Prague, Czech Republic, United Steelworkers of America (USWA) international president Leo W. Gerard assailed the U.S. Treasury for supporting International Monetary Fund (IMF) financing plans for developing countries that exploit workers, drive up the U.S. trade deficit, and wipe out millions of American manufacturing jobs.
DAVOS, Switzerland -- While participants in the World Economic Forum here debated the consequences of a possible war in Iraq, police officers with tear-gas grenades and water cannons mounted a huge security operation to keep protesters away from the delegates, who included Secretary of State Colin Powell.
Argentina has failed to make a crucial $681m debt payment, dealing a further blow to hopes of an economic recovery.
Developed with support from the Sunlight Foundation, CrocTail provides an interface for browsing information about several hundred thousand corporations publicly traded in the U.S. and their domestic and foreign subsidiaries. In this new version, users can click on different years and see how subsidiary relationships for a company have changed over time.
Come Sunday, Latin America's biggest country could elect its first leftwing leader for 40 years, Luiz Inacio Lula da Silva of the Workers party. With 41% support in the polls and 20 points ahead of the next challenger - ruling party candidate Jose Serra - Lula, as he is commonly known, could win the presidency outright in the first round.
Washington, D.C. and Manila (September 25, 2002) -- The Global Alliance for Incinerator Alternatives (GAIA) today released a new report documenting the World Bank's continued funding of incineration, a polluting technology receiving intense criticism in many countries. The report, available online at www.no-burn.org, documents 156 World Bank Group projects in 68 countries in the last 10 years that have promoted incineration; 26 of those projects were initiated since 2001, including two projects that recommended incinerating PCBs in Argentina and Brazil, an Indian project that recommended incinerating PVC byproducts, and another Indian project that recommended an incinerator at a pesticide plant.
Washington, DC (September 25, 2002) -- Ahead of this weekend's Annual Meetings of the World Bank and International Monetary Fund (IMF), Africa Action denounced the failure of these institutions to respond to Africa's growing debt crisis, and issued the recommendations below for immediate action from creditors.
MASERU, Lesotho -- Advocates of corporate accountability are pointing to the sweeping implications of a landmark verdict delivered Tuesday by the High Court in the tiny kingdom of Lesotho that a Canadian multinational company was guilty of paying bribes to win contracts on a dam project.
WASHINGTON -- Advocates for global justice today announced their plans to quarantine finance ministers and corporate executives gathering in Washington at the end of September. Critics remedies will include demonstrations, teach-ins, vigils, and debates before and during the annual meetings of the Boards of the International Monetary Fund (IMF) and World Bank. Thousands of people are expected to converge on Washington to quarantine delegates to the IMF/World Bank annual meetings.
The U.S. administration's backing of a $30 billion loan package arranged for Brazil by the International Monetary Fund (IMF) marks an abrupt change in President George W. Bush's policy of not bailing out developing countries, and its impact may be seen in the results of October elections in the hemisphere's biggest country.
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.
US should take an honest look at what has happened to most low- and middle-income countries during the past 20 years.