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The World Bank must be held responsible

18 December 2012 - by Eric Toussaint

This is the preface to the upcoming Japanese edition of Eric Toussaint’s book The World Bank: A Critical Primer (Pluto Press, London). The book was originally published in French in 2006. There are two English editions, one by Pluto Press in (...)
Video

Global Noise Demo in Tokyo against IMF and World Bank

15 October 2012 - by Globalnoise

Protesters march with a banner after a rally against the annual meetings of the IMF and the World Bank Group in Tokyo October 13, 2012. On Saturday about 300 hundred demonstrators, some waving wads of fake note bills and dressed in grotesque (...)
Can a Nigerian squeeze the poor for the World Bank?

19 April 2012 - by Patrick Bond

In coming days, the World Bank will have a new president. Smart money backs Barack Obama’s choice: Dartmouth College president Jim Yong Kim. But two weeks ago, Nigerian Finance Minister Ngozi Okonjo-Iweala was endorsed by her Pretoria (...)
Why Jim Kim should consider resigning as World Bank president-designate

19 April 2012 - by Patrick Bond

Recall, Barack Obama entered a US presidency suffering institutional crisis and faced an immediate fork in the road: make the changes he promised, or sell out his constituents’ interests by bailing out Wall Street and legitimizing a renewed (...)
Auditors find World Bank skipped policy steps in approving huge South African coal plant

World Bank screwed up on Eskom coal loan: big ooooops, bad timing!

5 December 2011 - by Lisa Friedman

The World Bank failed to follow several of its own policies when it approved a $3.75 billion loan for the South African utility Eskom to build one of the world’s biggest coal plants, an independent audit obtained by ClimateWire found. The (...)
As Debt Talks Crescendo, Let’s Not Give the World Bank a Free Ride

9 August 2011 - by Michelle Chan

With all this talk of budget deficits and cutting programs for those in need (while unjustly keeping in place tax breaks for corporations and the wealthy), you would think that the Obama administration and Congress would want to make sure that (...)
Cancun Declaration

Cancun Declaration We, peoples’ organizations from throughout the global South, representing a diversity of networks in Africa, Asia, the Pacific, Latin America, and the Caribbean, convened in Cancun, Mexico, for the South-South Summit on (...)
Open Letter to the Governments Meeting at the 16^th COP of the United Nations Framework Convention on Climate Change (UNFCCC) in Cancun

People and communities throughout the global South need hundreds of billions of dollars each year to deal with the impacts of climate change, build resiliency and adopt alternative development pathways. The cost of compensation for past, (...)
What Kind of Palestinian State in 2011? Neoliberalism and World Bank Diktats

14 November 2010 - by Rafeef Ziadah

In December 2007, the Palestinian National Authority (PA), in close consultation with donor states and institutions like the International Monetary Fund (IMF) and World Bank, proposed the Palestinian Reform and Development Plan (PRDP), a program (...)
Statement

World Bank out of Climate!

The World Bank, together with the other International Financial Institutions, has been instrumental since its inception in promoting the interests of the global North, the transnational corporations, financial and political elites: the very same (...)
Is Africa still being looted? A debate dodging World Bank schizophrenia

27 August 2010 - by Patrick Bond

The continent’s own elites, the West and now China are still making Africans progressively poorer, thanks to the extraction of raw materials. Reinvestment is negligible and the prices, royalties and taxes paid are inadequate to compensate the (...)
World Bank’s immunity: A legal landmark

Please find the editorial from New Age 14th June, you all know the movement against blanket immunity to the World Bank, in fact it was originated from a case lodged by one of the World Bank employee, she won the case. World Bank was presserizing (...)
South Africans say no to Eskom’s R29 billion World Bank Loan

Communities, environmental groups, academics and NGOs today call on the World Bank to cease and desist from a proposed loan of R29 billion ($3.75 bn) to Eskom. If this loan – which may come up for a Board vote in March or April – goes through, (...)
High time to free nation of IFIs’ influence

20 December 2009 - by The New Nation (Bangladesh)

Economists at a workshop yesterday said that it was the high time to free the nation from the influence of International Financial Institutions (IFIs) including World Bank and IMF upholding sovereignty in policy making. Suggestions of the (...)
Lahore - Pakistan

Seminar on the topic of “Rising Debt of Pakistan and Role of IFIs” in Lahore on 14 Oct 09

14 October 2009 - by Abdul Khaliq

Reckless borrowing from IMF-a perfect recipe of disaster Speakers at CADTM seminar urge Pakistan to refuse payment of odious debt In connection with Global week of Action (12-18 Oct 09) against debts, Campaign for Abolition of Third World (...)
The grave ecological destruction sponsored by the World Bank

30 July 2009 - by Eric De Ruest, Hélene Baillot

The meeting of IPCC at Paris in the beginning of 2007 had sounded the alarm bell on the gravity of the situation with reference to the climatic imbalance and opened the road to the climate conference at Bali. The governments present at the (...)
The doublespeak of a discredited IMF

12 March 2009 - by Eric Toussaint, Damien Millet

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 (...)
World Bank Involvement in Climate Financing Opposed: Stress Political Participation

16 January 2009 - by EquityBD

Application with 1000 signatures from countries and abroad and 3000 post cards is being sent to Chief Advisor Dr. Fakruddin Ahmed and UK Minister Alexander Douglas Dhaka 21st December 2008. Today through organizing a press conference at (...)
G20: an inconsistent script to be thoroughly rewritten

17 November 2008 - by Eric Toussaint, Damien Millet

The G20 summit that brought together major industrialised and emergent countries in Washington on 15 November 2008 is a dismal failure. The international financial crisis is deep indeed, stock markets lost close to 40% of their capitalisation in (...)
Developing countries: dangerous times for the internal public debt

11 October 2008 - by Eric Toussaint

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 (...)
World Bank Tribunal In India: Findings of the Jury

Here is the verdict from the Independent people’s tribunal on the World bank held at Jawaharlal Nehru university.
Financing Emissions From Jets and cows

23 September 2008 - by Robert Goodland

Environmental scientist Robert Goodland , who served the World Bank Group between 1978 and 2001 is credited with authoring some of the Bank’s environmental safeguard policies. He helped create the World Commission on Dams. In an e-mail interview, (...)
International Campaign on Illegitimate Debt

Resolution of solidarity and support for the people of Haiti

Between August 15 and September 7, 2008, the Caribbean was severely hit by four successive hurricanes (Fay, Gustav, Hanna, and Ike) that devastated several regions with disastrous consequences in particular for the peoples of Cuba, the Dominican (...)
The World Bank suddenly discovers 400 more million poverty-ridden people

12 September 2008 - by Eric Toussaint, Damien Millet

The World Bank recently acknowledged significant mistakes in its figures concerning poverty in the world. Indeed, while “the WB’s estimates of poverty are improved thanks to more reliable data on the cost of living”, the outcome is a head-on (...)
Pakistan facing acute solvency crisis

6 September 2008 - by Abdul Khaliq

Pakistan’s sovereign debt is going to be the riskiest. For the week ending Aug 29 2008, Government of Pakistan bonds overtook Argentina’s to be the unsafe for investment, say London financial market indicators. In London, where Credit Default (...)