All the articles
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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 (...) -
James Wolfensohn Switches on the Charm (1995—2005)
16 November 2006 - by Eric Toussaint
In 1995, William Clinton, the president of the United States, nominated James Wolfensohn, a New York banker, as the World Bank’s ninth president. James Wolfensohn, born an Australian citizen, began his banking career in Sydney in 1959. From (...) -
A plea against the World Bank
16 November 2006 - by Eric Toussaint
1) During its sixty years of existence, the World Bank has actively supported all the dictatorships and all the corrupt regimes of the U.S.-allied camp. 2) Despite having detected massive misappropriations of funds, the Bank has maintained, (...) -
Manifesto for Making Another World Possible
This is a book on everything to do with the CADTM- its origins, its history, its battles and the movement in which it is inscribed. This little book presents the CADTM- its networks, analyses and the proposals it has made, and to present them (...) -
Who wants to pay thousands of billions?
13 November 2006 - by Damien Millet
For a few days now, we have seen a large change in the scale of published economic figures. Whereas the unit of a ‘billion’ was the maximum not long ago, the end of October was a clear turning point and the beginning of ‘thousands of billions’. (...) -
It’s time for a change!
The European Court of Human Rights condemns Belgium for inhuman treatment of a child
Eight years after the tragic death of Sémira Adamu, a young Nigerian woman suffocated by nine police officers in the process of deporting her from Belgian territory, nothing has changed in Belgium: violent deportations are still the rule and (...) -
The World Bank and the Philippines (1946-1986)
8 November 2006 - by Eric Toussaint
The 1946 US decision to grant the Philippines its independence inaugurated a period of prosperity in the country. For a number of geo-strategic reasons, in the wake of the Second World War the Americans were willing to let the Philippine (...) -
The World Bank’s support of dictatorship in Turkey
30 October 2006 - by Eric Toussaint
The World Bank’s strategy in Turkey clearly recalls its policy towards Ferdinand Marcos’ dictatorship in the Philippines from 1972, Augusto Pinochet’s in Chile from 1973, and the economic model they promoted. Geopolitical reasons are once again a (...) -
The Marshall Plan and the Debt Agreement on German debt
24 October 2006 - by Eric Toussaint
The present contribution presents an analysis of the bilateral economic policies developed by Washington towards its allies in the Cold War context. The Marshall Plan replaced the World Bank’s intervention since the US came to the conclusion that (...) -
The first years of the World Bank : 1946—1962
22 October 2006 - by Eric Toussaint
Contrary [1] to common belief, the mission of the World Bank is not to reduce poverty in developing countries. The Bank’s mission, as originally conceived by the victors of the Second World War, the United States and Great Britain in particular, (...) -
Difficult beginnings between the UN and the World Bank
22 October 2006 - by Eric Toussaint
SUNFED versus IFC and IDA ABSTRACT: The World Bank and the IMF are specialized institutions of the UN, comparable in theory to the International Labour Organization (ILA) or the Food and Agriculture Organization of the United Nations (FAO). (...) -
Microcredit, macro issues
21 October 2006 - by Walden Bello
The awarding of the Nobel Peace Prize to Muhammad Yunus, regarded as the father of microcredit, comes at a time when microcredit has become something like a religion to many of the powerful, rich and famous. Hillary Clinton regularly speaks (...) -
Seminar strategies of the social movements
Synthesis of the seminar
This summary is not meant to be a list of the opinions expressed nor a benchmark draught text. We have simply tried to give some order to the ideas put forward in order to facilitate a debate at this stage in our work, based on what has already (...) -
CADTM Web-noise : June 2005 to June 2006
11 October 2006 - by Olivier Lorillu, Mélanie Moussours
Internet has become such a major source of information that good visibility on the web is essential for creating public awareness of the issue of cancellation of third world debt. To measure the web impact of CADTM we have used several (...) -
Press release
Norway cancels the debt claimed of five South countries
10 October 2006 - by Jubilee South-Americas
Jubilee South/Americas celebrates and highlights the importance of the unilateral and unconditional decision of the Norwegian government to stop collecting the debts it still claimed from Ecuador, Peru, Jamaica, Egypt, and Sierra Leone, (...) -
Press Release
CADTM applauds Norway’s initiative concerning the cancellation of odious debt and calls on all creditor countries to go even further
Norway recently acknowledged its responsibility in the illegitimate indebtedness of five countries - Ecuador, Egypt, Jamaica, Peru, Sierra Leone - and decided to unilaterally cancel part of its claims on these countries (amounting to euro 62 (...) -
Bank and Fund Won’t Change Their Spots
26 September 2006 - by Anil Netto
PENANG, Malaysia, Sep 25 (IPS) - Can the World Bank (WB) and the International Monetary Fund (IMF) be reformed or should they both be boycotted and dismantled? This is the growing debate that has been fuelled in the aftermath of the (...) -
Press release
Hungary: CADTM denounces government’s outrageous schemes to enforce a neoliberal economic policy
24 September 2006 - by CADTM
Hungary has faced its third week of demonstrations against Prime Minister, Ferenc Gyurcsany, member of the Socialist Party, a recording of whom revealed last Sunday the lies and the basically anti-democratic behaviour. In order to win (...)
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