World Bank
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Along with Bernie Sanders and Alexandria Ocasio-Cortez, 300 parliamentarians from around the world are writing to the IMF and World Bank to cancel the debt
15 May 2020 - by Collective
Editor’s note : We are publishing a letter sent to the IMF and the World Bank by 300 worldwide parliamentarians. In this letter the 300 parliamentarians call for the “complete debt remission of the International Development Association’s (IDA) (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 13)
The World Bank and the IMF in Indonesia: an emblematic interference
13 May 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 12)
The World Bank’s support of the dictatorship in Turkey (1980-1983)
24 April 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 (...) -
As the World Bank Puts Aside Past Wisdom on Public Spending, Will Sri Lanka Pay Heed?
20 April 2020 - by Ahilan Kadirgamar, Devaka Gunawardena
The COVID-19 pandemic is changing the way we think about the world. Even neoliberal global institutions must reckon with the changes. The World Bank’s South Asia Focus Report on the impact of COVID-19 on South Asian economies that was released a (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 11)
The World Bank and the Philippines
17 April 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 (...) -
World Bank and IMF response to debt crisis undermines women’s rights
10 April 2020 - by Iolanda Fresnillo, Verónica Serafini
Summary Debt crisis continues to unfold in the Global South IMF and World Bank responses cling to austerity and privatisation New gender-sensitive debt resolution framework needed A new debt crisis is unfolding, once again, in the Global (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 10)
World Bank and IMF support to dictatorships
9 April 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 (...) -
Call of the indigenous peoples, afro-descendants and peoples’ organizations of Latin America
3 April 2020 - by CADTM, Collective
We publish in English a Latin American and Caribbean appeal launched on 1 April 2020 by a large number of popular movements and political organizations. It calls for a radical response to the crisis linked to COVID-19. This call is supported by (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 9)
Domination of the United States on the World Bank
2 April 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 (...) -
Latin America and the outbreak of COVID-19: a chronicle of multiple crises
31 March 2020 - by María Romero
By María José Romero (Eurodad), Jasmine Gideon (Birkbeck, University of London), Patricia Miranda and Verónica Serafini (Latindadd) The outbreak of COVID-19 is a global health emergency that is likely to trigger a global economic crisis, (...) -
No to IMF loans! Cancel Kenyan debt!
30 March 2020 - by David Calleb Otieno
On 4 March 2020, the International Monetary Fund (IMF) during a joint press conference with the World Bank Group announced that it was ready to lend $1 trillion to its members around the world that are struggling with the humanitarian and (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 7)
Why the Marshall Plan ?
19 March 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 6)
SUNFED versus World Bank
12 March 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 5)
Early conflicts between the UN and the World Bank/IMF tandem
4 March 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 (...) -
Who really ‘state-captured’ South Africa? Revealing silences in poverty, inequality and structurally-corrupt capitalism
2 March 2020 - by Patrick Bond
The ‘state capture’ of South Africa’s parastatal agencies and government departments typically has been seen in a binary mode, with a narrative critical of two competing factions (‘Zuptas’ and ‘WMC’) within the African National Congress. A review of (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 4)
The WB assists those in power in a witch-hunting context
26 February 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 3)
Concerning the founding of the Bretton Woods’ Institutions
19 February 2020 - by Eric Toussaint
Series : Bretton Woods, the World Bank and the IMF: 70th anniversary -
IMF and World Bank complicit in ‘austerity as new normal’, despite availability of alternatives
12 February 2020 - by Bretton Woods Project
Summary Austerity projected to affect 5.8 billion people by 2021 UN offers handbook on alternative financing options IMF and World Bank continue to cling to unnecessary and harmful fiscal orthodoxy In October, a report by Matthew Cummins (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 1)
The World Bank: an ABC
3 February 2020 - by CADTM
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 (...) -
Illegal projects: How World Bank Arbitrators Mugged Pakistan
9 December 2019 - by Jeffrey D. Sachs
Thanks to the World Bank’s flawed and corrupt investment arbitration process, the rich are making a fortune at the expense of poor countries. The latest shakedown is a $5.9 billion award against Pakistan’s government in favor of two global mining (...) -
Does BRICS Banking offer an Alternative to the IMF and World Bank? Pessimistic Signals from South Africa
21 October 2019 - by Patrick Bond
1. Introduction After their 1944 birth at a New Hampshire hotel, the International Monetary Fund (IMF) and World Bank turned 75 years old this year, long past a reasonable retirement age. For the sake of global financial management, most (...) -
Bretton Woods Institutions’ neoliberal over-reach leaves global governance in the gutter
18 October 2019 - by Patrick Bond
This week, the annual meeting of the World Bank and International Monetary Fund will again be held in Washington, DC, with back-slapping now that the Bretton Woods twins have reached age 75 (they were founded at a New Hampshire hotel in 1944). (...) -
Weapons of Legal Destruction: ISDS lawsuits and Lydian International’s Assault on Armenian Sovereignty
23 September 2019 - by Armen Abagyan
Over 3,300 investment agreements have been drawn up since the 1960’s. This byzantine nexus of Bilateral Investment Treaties (BITs) safeguard the global Foreign Direct Investment (FDI) apparatus encompassing a 20 trillion dollar flow of capital, (...) -
Tunisia’s Truth Commission vs France, the IMF and World Bank
8 September 2019 - by Olfa Belhassine
On July 16, Tunisia’s Truth and Dignity Commission (IVD) sent two memorandums calling first on France and then on the World Bank and International Monetary Fund to apologize and pay reparations to Tunisian victims. It says they all have a “share (...) -
South Africa: Cancel Eskom’s odious debt to the World Bank
3 September 2019 - by Jonathan Cannard
Despite significant and wide-ranging concern about the fate of Eskom, the World Bank has recently expressed its full confidence in the state-owned power utility’s ability to complete Medupi power station and ensure national electricity provision. (...)
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COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT
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