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The International Monetary Fund and World Bank in Africa: a ‘Disastrous’ Record

7 January 2007 - by Demba Moussa Dembélé

THIS YEAR MARKS the 60th anniversary of the International Monetary Fund and the World Bank. Through their propaganda machines, both institutions will attempt to highlight their ‘assistance’ to Africa. But in reality, since the 1970s, these (...)
Ignoring the EIR : How Industry, Government and the Bank Chose Profits Over People

7 January 2007 - by Abdulai Darimani

Mining always seems to have had an exploitative nature, representing massive wealth for some and grinding poverty for others. Take the case of gold mining in South Africa, where under apartheid enormous profits were made by wealthy mineowners (...)
Global Apartheid Continues to Haunt Global Democracy

7 January 2007 - by Charles Mutasa

GLOBAL APARTHEID, like globalisation, is a buzzword that has evolved to describe a new global paradigm. Put simply, global apartheid is an interna- tional system of minority rule that promotes inequalities, disparities and dif- ferential access (...)
The Rains Do Not Fall on One Person’s Roof...

7 January 2007 - by Rudy Amenga-Etego

THROUGHOUT THE GLOBAL South, public goods or services such as water, electricity, education and health care have become the subject of privatisation under a free market ethos pushed by international financial institutions. This ethos dictates (...)
Recalcitrant Reformers Require Tougher Tactics

7 January 2007 - by Patrick Bond

CALL IT INSTITUTIONAL change-management fatigue. Or an unlimited spin-doctoring capacity by clever public relations officials. Or naivety on the part of those NGOs, environmentalists, trade unionists and Third World activists who cheered the (...)
You, Argentina, 5 years on...

30 December 2006 - by Eric Toussaint, Damien Millet

Argentina, you have been much talked about since the night of 19 to 20 December 2001 when after three years of economic recession your people went down into the streets to shout their rejection of the neoliberal policies led by Fernando De la (...)
Proceedings of the forum

Paris Club celebrates its 50^th anniversary

The Paris Club celebrated, on 14 June 2006, its fiftieth anniversary by holding an international policy forum As to celebrate its fiftieth anniversary, the Paris Club organized, on 14 June 2006 in Paris, an international policy forum during (...)
From Botha to Rumsfeld, the painful question of impunity

5 December 2006 - by Eric Toussaint, Damien Millet, Renaud Vivien

Since the Second World War and the horrors of the Holocaust, the International Community has been committed to putting an end to the impunity of those responsible for genocide, war crimes and crimes against humanity. The Nuremberg judgement led (...)
Tsunami Aid or Debt Cancellation

The studies in this book by Damien Millet, Eric Toussaint and François Houtart analyses the link between the post-Tsunami reconstruction and the cancellation of the multi and bilateral aid of the Tsunami affected countries. They are arguing that (...)
Walls, Amnesty, and False Choices

1 December 2006 - by Sameer Dossani

The national immigration debate largely is split between two camps. The first “anti-immigrant” camp notes that the number of undocumented workers has shot up in recent years, perhaps to as many as 10 million, and claims that these people are (...)
Jubilee South on conditionality

The only condition is no condition

29 November 2006 - by Jubilee South

(first circulated at the NORWAY CONFERENCE ON CONDITIONALITY 28-29 November 2006 1. Jubilee South welcomes the Conference on Conditionality organized by the Government of Norway. We appreciate the intent of the meeting and its CSO supporters, (...)
A manual on how to organise audits on third world debts

Let’s launch an enquiry into the debt!

If, for the creditors, the Third World debt can seem like a real gold mine, for the people living in the Third World, it feels more like a straight jacket. However the debt is a story... stories, very complicated, that can be entangled, unclear, (...)
A manual on how to organise audits on third world debts

Let’s launch an enquiry into the debt!

Download in pdf If, for the creditors, the Third World debt can seem like a real gold mine, for the people living in the Third World, it feels more like a straight jacket. However the debt is a story... stories, very complicated, that can be (...)
Press release

The CADTM acclaims the people of Ecuador for electing Rafael Correa as president

The CADTM congratulates the people of Ecuador for their choice of the left-wing candidate, Rafael Correa, as president, rather than his opponent, the billionaire banana tycoon, Alvaro Noboa, shown on television handing out dollars to voters (...)
Structural adjustment and the Washington Consensus: are they things of the past?

22 November 2006 - by Eric Toussaint

During the 1980s, the International Monetary Fund (IMF) and the World Bank earned themselves the highly justified but less than enviable reputation of being responsible for very unpopular measures forced upon governments of developing countries (...)
G8 Inaction Betrays People with AIDS

21 November 2006 - by Kairos

In this report we first present the results of a KAIROS study on how countries with high HIV infection rates and low human development rankings are also burdened by heavy external debts and by restrictive conditions imposed by International (...)
Paul Wolfowitz, 10^th World Bank President

20 November 2006 - by Eric Toussaint

President George W. Bush’s decision to have Paul Wolfowitz (former Defense under-secretary and one of the main architects of the invasions of Afghanistan in 2001 and of Iraq in 2003) appointed World Bank President was a source of controversy in (...)
The tyranny of Global Finance

Your money or our life

Globalization brings growth? Think again. Debt-engineered by the IMF and Word Bank-sucks countries dry. In the last decade, neoliberal policies have created debt and global impoverishment on a massive scale. In this updated edition of his (...)
Presidents Barber Conable and Lewis Preston (1986—1995)

16 November 2006 - by Eric Toussaint

The Republican Congressman Barber Conable succeeded the banker Allan W. Clausen for a term that started in July 1986 and ended in August 1991. James Baker, Secretary of the Treasury, and Ronald Reagan chose him because of his thorough knowledge (...)
Time to put an end to World Bank impunity

16 November 2006 - by Eric Toussaint

Is it possible to sue the World Bank? Contrary to popular opinion, the World Bank (WB) is not entitled to immunity either as an institution or as a legal entity. Section 3 of Article VII of the Charter (articles of agreement) explicitly states (...)

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Committee for the Abolition of Illegitimate Debt

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