|GHANA: World Bank Says No Excuses|
Ghana Web News
January 1st, 2006
The World Bank Country Director, Mr Mats Karlsson, has stated that Ghana has no reason to complain about difficulties in managing its economy because it has all the resources for accelerated development at its disposal.
|Brazil: Lula and IMF Agree to Renew $14bn Loan Program|
by Raymond Colitt, Financial Times
November 6th, 2003
The left-leaning government of Luiz Incio Lula da Silva, Brazil's president, agreed in principle with the International Monetary Fund on Wednesday to renew its expiring loan programme by one year.
|MEXICO: Conference Draws 2,000 NGOs from 83 Countries|
by Diego Cevallos
September 8th, 2003
This week's World Trade Organisation (WTO) ministerial conference in the Mexican resort of Cancun will also serve as a showcase and podium for nearly 2,000 civil society organisations from 83 countries, whose members have been flowing in by the plane- and busload.
|Ethiopia: Prime Minister Hits Out at IMF|
September 1st, 2003
Ethiopia's prime minister has hit out at continuing pressure from international financial organisations to push forward the country's privatisation process. Ethiopia has sold off part of some state enterprises, including 30% of the main telecoms operator.
|Latin America: Churches Call for Alternative to Free Market|
by Marcela Valente, Inter Press Service
May 2nd, 2003
BUENOS AIRES-- Leaders of Protestant churches of Latin America, tired of alleviating social problems that they blame on neo-liberal free market policies, have decided to advance their own alternative proposals to governments and the multilateral lending institutions.
|WORLD: Internal Review Criticizes World Bank Mining, Oil and Gas Projects|
by By Emad Mekay, Inter Press Service
April 2nd, 2003
The World Bank should revamp its lending policies for mining, oil and gas projects to avoid corruption, mismanagement and poor economic performance spreading in countries that rely on such industries, says a confidential study by the Bank's internal review body.
|ARGENTINA: Leap in Unsafe Abortions|
by Marcela Valente, Inter Press Service
March 12th, 2003
Hospital admissions arising from unsafe abortions in Argentina rose 50 percent in five years, and multiplied by a factor of 2.5 in some provinces -- a lethal consequence of the economic crisis and soaring poverty.
|Mali: Doubts Grow About Debt Relief|
by Emad Mekay, InterPress News Service
March 10th, 2003
International creditors of Mali have agreed to cancel $675 million of its debt over time under a controversial debt relief scheme, rewarding the West African nation for its pro-free market economic restructuring plan, they say.
|WORLD: The Planet is Running Out of Fresh Water|
by Maude Barlow, The Guardian
February 26th, 2003
The private sector was the first to notice: the planet is running out of fresh water at such a rate that soon it will be the most valuable commodity on earth.
|BOLIVIA: Citizens, Media Excluded from Bechtel Trial by World Bank Tribunal|
February 25th, 2003
Citizens excluded from $25 million suit against Bolivia for company's failed water privatization scheme Washington, DC- The Bechtel Corporation was handed a powerful victory last week, when a secretive trade court announced that it would not allow the public or media to participate in or even witness proceedings in which Bechtel is suing the people of Bolivia for $25 million.
|SWITZERLAND: Police Ward Off Protesters at World Economic Forum|
by Alan Cowell, New York Times
January 26th, 2003
DAVOS, Switzerland -- While participants in the World Economic Forum here debated the consequences of a possible war in Iraq, police officers with tear-gas grenades and water cannons mounted a huge security operation to keep protesters away from the delegates, who included Secretary of State Colin Powell.
|INDONESIA: Protesters Challenge Price Increases|
January 15th, 2003
Hundreds of protesters in Palu, Central Sulawesi, threw rocks at the provincial headquarters of President Megawati Sukarnoputri's political party. Police fired off at least two rounds of warning shots.
There have been daily protests since the government increased fuel prices by 22% a fortnight ago as part of a package of economic reforms approved by the International Monetary Fund.
|World: IMF Strong-Arms Debtors Despite New Lending Guidelines|
by Emad Mekay, InterPress Service
December 10th, 2002
WASHINGTON, Dec 10 (IPS) -- Three months ago the International Monetary Fund (IMF) said it had adopted a new set of lending guidelines that would permit borrowing countries to take control of their economies like never before.
|BRAZIL: Debt Takes Precedence Over War on Child Labor|
by Ricardo de Bittencourt, InterPress Service
November 20th, 2002
Child labor has not yet been eradicated in Brazil due to cutbacks in social spending aimed at ensuring payments on the foreign debt, Social Watch, an international network linking non-governmental organisations from 60 countries, said Wednesday.
|BOLIVIA: Time to Open Up Secret Trade Courts|
by Jim Shultz, Pacific News Service
November 8th, 2002
Two years ago, rioters protesting increased water rates forced a Bechtel, U.S. company, in Bolivia to pack its bags and leave. Now, in a harbinger of the loss of local control through globalization, the corporation is striking back in secret proceedings.
|WORLD: Call for Reparations to Indebted Countries|
by Alejandro Kirk, Inter Press Service
October 21st, 2002
The external debt of developing countries should not just be cancelled but the debtors compensated, civil society activists told a meeting of international officials, business leaders, scientists and non-governmental organizations members in Prague Saturday.
|Brazil: Will the Workers Party Win the Elections?|
by Mark Tran, Guardian
October 2nd, 2002
Come Sunday, Latin America's biggest country could elect its first leftwing leader for 40 years, Luiz Inacio Lula da Silva of the Workers party. With 41% support in the polls and 20 points ahead of the next challenger - ruling party candidate Jose Serra - Lula, as he is commonly known, could win the presidency outright in the first round.