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Disappointment at the World Bank's decision to finance the controversial Chad-Cameroon pipeline had hardly subsided when the ramifications of an International Monetary Fund (IMF) structural adjustment program in Cameroon risks creating Africa's latest crisis.
WASHINGTON -- World Bank funding should not go toward building a large hydroelectric dam in Uganda when smaller scale renewable energy, like wind and solar, would more likely benefit the East African nation's rural poor, according to environmental groups here.
Last Friday, Horst Koehler, newly-appointed head of the International Monetary Fund, received a hostile response from the anti-privatisation forum, Jubilee 2000, the campaign against neoliberalism and the South African Communist Party.
CrocTail is an extension of the Crocodyl.org Wiki web site project, an online compendium profiling the accountability and transparency track records of multinational corporations. Developed with support from the Sunlight Foundation, CrocTail users can search the entire subsidiaries database. In this new version, users can click on different years and see how subsidiary relationships for a company have changed over time.
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.
The economic collapse of Argentina is the latest failure of the one-size-fits-all model that the United States tries to impose on developing countries. Critics of this model are often attacked as protectionists, tools of special interest groups, anarchists, and worse. But in fact they include some of the world's most eminent economists.
Because of your energy, LIFE AND DEBT has helped to inform and educate thousands about the far-reaching devastation the new global economy wreaks on developing nations.
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.
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.
From November 16 - 18, the Finance Ministers and central bank governors of the Group of 20 (G20) nations, as well as key segments of the World Bank (WB) and International Monetary Fund (IMF), will meet in Ottawa, Ontario, Canada.
Activist groups that paralyzed downtown Seattle during the World Trade Organization conference late last year plan to converge on Washington in April to protest a joint meeting of the World Bank and International Monetary Fund.
In April, five people were shot dead in Bolivia, a military policeman was lynched and the president declared a state of siege following a general strike that shut down much of the nation. At the end of it all, for the first time in a decade anywhere in the world, American and British corporate giants, the targets of the protest, were booted out of the Andean nation, a stunning reversal of the march of globalization.
In early May, the Obama administration announced plans to eliminate the advantages that multinationals have over domestic corporations as to the tax treatment of reinvested profits. K Street corporate lobbyists haven't squealed so loudly since they lost their three martini lunches. The uproar draws attention away from the fact that U.S. multinationals enjoy an effective tax rate of just 2.4 percent on billions of dollars in foreign active earnings.
The director of the International Monetary Fund said Monday he is confident that authorities in Prague are ready to handle possible riots during the IMF and World Bank meeting that will be held in the Czech capital in September.
In this time of grief, the MGJ is postponing the nonviolent demonstrations against the World Bank and the International Monetary Fund (IMF) our coalition was planning to host later this month. We choose this course of action regardless of the plans of the World Bank and IMF, and we respect other organizations that choose a different path.
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.
We encourage all people to support nonviolence rather than retaliation as the appropriate response to these acts. Similarly, we urge our leaders in Washington to refrain from responding to this tragedy in a manner that visits more pain and suffering on an already sorrowed world. We also join in urging everyone to resist assigning responsibility to any particular group.
The external debt of developing countries should not just be cancelled but the debtors compensated, civil society activists told a meeting of international officials, business leaders, scientists and non-governmental organizations members in Prague Saturday.