World Bank
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[Press release] World Bank / IMF / G20 Spring Meetings Paltry measures doomed to failure
11 April 2021 - by CADTM International
At the spring meetings of the Bretton Woods institutions from 5 to 11 April 2021, the World Bank, IMF and G20 made new announcements in an attempt to respond to the debt crisis in the countries of the South, exacerbated by the economic and (...) -
Série : Ecuador: Progress and limits of resistance to the policies of the World Bank, the IMF and other creditors
Ecuador’s poisoned loans from the World Bank and the IMF
31 March 2021 - by Eric Toussaint
Ecuador provides an example of a government which officially decided to investigate the process of indebtedness so as to identify illegitimate debt and suspend its repayment. The fact that the government suspended payment of a large part of its (...) -
Planting budgetary time bombs in Africa: the Macron Doctrine En Marche
14 January 2021 - by Ndongo Samba Sylla, Daniela Gabor
‘A French Jeremy Corbyn, and in power!’ you’d think after reading the first few paragraphs of Macron’s recent interview in Le Grand Continent. He condemns the Washington Consensus, the paradigm of ‘less state intervention, privatisations, structural (...) -
Climate and environmental crisis: Sorcerer’s apprentices at the World Bank and the IMF
23 December 2020 - by Eric Toussaint
In December 2020, on the occasion of the fifth anniversary of the signature of the Paris Agreement on Climate, the UN General Secretary sounded the alarm because the situation has fundamentally worsened. In this article we analyze what the World (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 25)
The IMF and the World Bank in the time of Coronavirus: the failed campaign for a new image
9 November 2020 - by Eric Toussaint, Emilie Paumard, Milan Rivié
Considering the economic and social tragedy resulting from the structural adjustment policies (SAP) imposed on people in the South from the 1990s onward, several voices have exposed the promoters of such policies, namely the IMF and the World (...) -
The World Bank’s response to COVID-19
29 October 2020 - by Susan Engel, Nadeen Madkour, Owain Williams
The COVID-19 pandemic hit a world already struggling to find the fiscal space to adequately fund health and other social services. In this context, it is important to note that the World Bank’s long-term approach to healthcare has severely (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 27)
The World Bank, the IMF and the respect of human rights
25 October 2020 - by Eric Toussaint
“When I came to the Bank, we were not allowed to mention the word ‘corruption’. It was called the “c” word. Well, maybe we need to mention the “r” word which is ‘rights’” James Wolfensohn, 1 March 2004 The question of “human rights” has never been a (...) -
The CADTM denounces the G20’s measures on debt
17 October 2020 - by CADTM International
At the time of the WB-IMF annual assemblies held from 12 to 18 October 2020, the G20 Finance Ministers met on Wednesday 14 October to decide on new debt relief measures for the countries of the South. The G20 proved unable to meet the emergency (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 26)
World Bank and IMF: 76 Years is Enough! Abolition!
15 October 2020 - by Eric Toussaint
At a time when the IMF and the World Bank are meeting together from 12 to 18 October 2020, mainly virtually, Eric Toussaint, international spokesperson for the CADTM, makes an assessment of the World Bank and its alter ego the IMF and proposes (...) -
How the IMF and World Bank Turned a Pandemic into a Public Relations Stunt
13 October 2020 - by Walden Bello
The IMF and the Bank would like the global South to believe that they are indispensable. They are not. The International Monetary Fund and the World Bank hold their annual fall meetings this week in the midst of a pandemic that has blazed a (...) -
The Bretton Woods Twins in the Era of COVID-19: Time for an Exit Strategy for the Global South?
13 October 2020 - by Focus on the Global South
As they mark their 76th year, the International Monetary Fund and the World Bank have been presented with a grand opportunity, not to save the world, but to salvage their tattered reputation. The Fund enters the annual IMF-World Bank meetings (...) -
6 months after the official announcements of debt cancellation for the countries of the South: Where do we stand?
18 September 2020 - by Milan Rivié
As they were faced with requests for debt cancellation from several heads of state from countries of the South and social movements at the end of March and in early April, international financial institutions and other creditor groups suggested (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 24)
From Paul Wolfowitz (2005-2007) to David Malpass (2019-...): the US President’s men control the World Bank
14 September 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few major allied powers who work to generalize policies that run counter the (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 23)
The World Bank’s accounts
7 September 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
It Is Time to End the Controversial World Bank’s Doing Business Report
3 September 2020 - by Isabel Ortiz, Leo Baunach
NEW YORK and WASHINGTON D.C. – On 27 August the World Bank announced that it will suspend the Doing Business Report over data irregularities, until it conducts a review and audit. The halting of the report was welcomed by trade unions, academics (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 22)
The Meltzer Commission on the IFI at the US Congress in 2000
1 September 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMFare 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
World Bank’s rating obsession will negate debt justice
31 August 2020 - by Patrick Bond, Dominic Brown
The international financial system’s reliance upon credit ratings – usually based on dubious premises – needs urgent rethinking. The Covid-19 pandemic is just one of the catastrophes leaving many low-income countries – and soon middle-income (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 21)
James Wolfensohn switches on the charm (1995-2005)
26 August 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 20)
Presidents Barber Conable and Lewis Preston (1986-1995)
20 August 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 19)
The World Bank and the IMF: the creditors’ bailiffs
14 August 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 18)
The Mexican debt crisis and the World Bank
4 August 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 17)
The World Bank saw the debt crisis looming
21 July 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 16)
The debt trap
1 July 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 15)
The South Korean miracle is exposed
15 June 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 14)
Theoretical lies of the World Bank
4 June 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...)
- ICAN
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CADTM
COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT
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