-
Developing countries: dangerous times for the internal public debt
by
Eric Toussaint
11 October 2008
Since the second half of the 1990s, the internal public debt of the world’s developing countries has increased significantly. This increase is now reaching alarming proportions in a number of middle-income countries. While some very poor countries have not yet been affected, the historical trend indicates a continuing rise in the debt level for developing countries. At enormous cost to the countries concerned. According to the World Bank, the internal public debt of all developing countries (...)
-
Colombians Protest Economic Policies
by
Garry Leech
21 October 2004
Last week, more than one million Colombians marched through the streets of cities throughout the country to protest President Alvaro Uribe’s economic policies. More than 300,000 crowded into Bogotá’s Plaza Bolívar where they burned a U.S. flag and voiced their displeasure with ongoing discussions between Colombia and the United States aimed at establishing a free trade agreement. With unemployment and poverty also on the rise, Colombia’s largest daily El Tiempo asked if the demonstrations marked (...)
-
Dogmatic Development: Privatisation and conditionalities in six countries
by
War on Want,
PSIRU
7 April 2004
This report looks at how conditionalities and pressures from aid agencies and development banks force developing countries to adopt privatisation policies in public services. It focuses specifically on the sectors of water, electricity, and healthcare, in six countries: Colombia; El Salvador; Indonesia; Mozambique; South Africa; and Sri Lanka. It examines the impact of the requirements and policies of the International Monetary Fund (IMF), World Bank (WB), and other agencies including (...)
-
Coffee and State Authority in Columbia
by
Josh Frank
5 January 2004
The debt has forced the country to expand production of exports to generate hard currency. This macro-expansion has contributed to the overproduction of coffee beans. The impact has been great, as export revenues for multinational corporations have grown, real wage earnings for farmers has not.
-
Colombia’s Neoliberal Madness
by
Garry Leech
20 January 2003
Why would Colombia agree to implement severe economic austerity measures that hurt the majority of Colombians in return for a loan it doesn’t really need (a "stand-by loan")? The answer lies in the complex military/economic relationship that exists between Washington and Bogotá.
-
Colombia and the IMF: Policies that Worsen Problems
by
Globalize this
January 2002
Colombia’s relationship with the International Monetary Fund is similar to the relationship between a poor, sick patient and a costly doctor. The patient, badly in need of help, goes to the doctor for treatment. The doctor in return prescribes the patient a very expensive, controversial medication. The patient agrees, knowing that they cannot afford it, but, feeling desperate, consents to the treatment. Eventually, the patient develops terrible side effects to the treatment, and also (...)
Afghanistan
RSS 2.0