-
Open the debate on the European Stability Mechanism: an emergency in the hands of citizens
by
S. Berwez
20 January 2012
The following letter and initiative have been approved by CADTM Belgium. With this initiative CADTM wants to invite citizens to question the members of the Belgian parliament. Now the debt crisis and its consequences are no longer affecting the Southern countries alone, the European Union has decided to establish the European Stability Mechanism in order to enable crisis management within the Euro area and permanently replace the temporary European Financial Stability Facility (EFSF) and (...)
-
The World Bank and IMF wish you a (bumpy) global economic recovery at the Spring Meetings
by
Jeroen Kwakkenbos,
Nuria Molina
22 April 2011
The Spring Meetings of the International Monetary Fund (IMF) and World Bank (WB) took place against a backdrop of the global economic recovery, with the North African democratic revolutions and the Japanese nuclear crises at the forefront of everyone’s minds. Despite official optimism, the Communiqués from the Development Committee (DC) and the International Monetary and Financial Committee ( IMFC) recognised ongoing “challenges to financial stability and sovereign debt sustainability (as (...)
-
CADTM South Asia meets in Colombo, Sri Lanka
by
Stéphanie Jacquemont
17 December 2010
From 9 to 11 December 2010, a series of activities were attended by delegates of CADTM from Sri Lanka, Pakistan, India and Belgium in Colombo. The monsoon, which usually prevails in this region from May to September, was invited to the party, presumably to remind the importance of COP 16 discussions, which took place at the same time, thousands of miles away in Cancun, Mexico. In short, it rained 8 hours per day. A year after the workshop in Dhaka, it was an occasion to exchange experiences (...)
-
4th CADTM South Asia Workshop
The IMF & Word Bank in the aftermath of the global crisis
by
Stéphanie Jacquemont
10 December 2010
Presentation during the 4th CADTM South Asia Workshop, 9 december 2010
-
IFI-induced debt catastrophes?
15 November 2010
Natural disasters in Haiti and Pakistan have heightened calls for larger debt cancellation, rather than new IMF loans, and for a rethink of the sovereign debt system. Even before massive August floods pushed more than 10 million people to need emergency assistance, calls were mounting for debt cancellation for Pakistan. A July report from UK NGO Jubilee Debt Campaign, Fuelling injustice, noted that "Pakistan, a country where 38 per cent of small children are underweight, spent nearly $3 (...)
-
Presentation during South Asia workshop
Jute Economy of Bangladesh: A case study of IFI-led Privatization
by
A.K.M. Masud Ali
21 December 2009
Presentation during South Asia workshop
-
A Stronger IMF and World Bank: Threat To Peoples of Both the South and North
by
Renaud Vivien,
Damien Millet,
Eric Toussaint
12 October 2009
The annual meetings of the IMF and of the World Bank in Istanbul ended in a climate of repression. For the second consecutive day, the 10,000 policemen who had been called upon for the occasion used water cannons, tear gas and tanks against demonstrators. The same scenario had been played out at the G20 summit in Pittsburgh, where demonstrations against this G8 substitute were also violently repressed by police forces. The IMF and the WB held these controversial meetings only days after the (...)
-
The global food price crisis - a critique of orthodox perspectives
by
Walden Bello
10 July 2009
Capitalist industrial agriculture, with its wrenching destabilisation and transformation of land, nature, and social relations is responsible for today’s food crises, argues Walden Bello. In an extract from his forthcoming book Food Wars, Walden Bello critiques the orthodox views of economist Paul Collier on the global food price crisis. Collier argues that not enough food was produced to meet increased demand from Asia, thanks to a failure to promote commercial farming in Africa, the (...)
-
Small hopes for a shift leftwards in economy
by
Patrick Bond
9 July 2009
A COUPLE of Nobel prize-winning economists are giving major talks in Joburg this week. Many in civil society hope the visits by two of global capitalism’s best-known critics can pull local economic policy debates further leftwards: towards meeting social needs, not market dogmas and corporate profitability. Without wanting to prejudge, I just don’t think such expectations will be fulfilled. The ideas for which Muhammad Yunus and Joseph Stiglitz won the Nobel Peace Prize in 2006 and Economics (...)
-
The doublespeak of a discredited IMF
by
Damien Millet,
Eric Toussaint
12 March 2009
The international crisis that broke in summer 2008 demolished all the neo-liberal dogmas and exposed the deception behind them. Unable to deny their failure, the World Bank and the International Monetary Fund claim they no longer uphold the set of neo-liberal policies known as the Washington Consensus. Yet, discredited though they may be, these two institutions are using the international crisis to return to the limelight. For decades they have enforced the deregulation measures and (...)
Alternatives
RSS 2.0