|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.
|US: Protestors Call for Environmenal and Economic Justice at World Bank Meeting|
by Roxanne Khamsi, Environment News Service
September 29th, 2002
Dupont Circle was full to capacity this afternoon with several thousand people for a permitted rally protesting economic and environmental injustice, and the possibility of war in Iraq. The protest was part of a weekend of demonstrations timed to coincide with the annual meeting of the World Bank and International Monetary Fund.
|Canada: Firm Paid Bribes to Win Lesotho Dam Job|
Environment News Service
September 18th, 2002
MASERU, Lesotho -- Advocates of corporate accountability are pointing to the sweeping implications of a landmark verdict delivered Tuesday by the High Court in the tiny kingdom of Lesotho that a Canadian multinational company was guilty of paying bribes to win contracts on a dam project.
|Chad/Cameroon: World Bank OKs Pipeline|
Environment News Service
September 16th, 2002
WASHINGTON, DC -- The construction of a 650 mile long buried pipeline to carry oil from landlocked Chad in central Africa to Cameroon's Atlantic coast is one step closer to reality over the objections of environmental and human rights groups.
|Brazil: IMF Loan Leaves Next President Little Room to Maneuver|
by Matthew Flynn, Americas Program
August 21st, 2002
The U.S. administration's backing of a $30 billion loan package arranged for Brazil by the International Monetary Fund (IMF) marks an abrupt change in President George W. Bush's policy of not bailing out developing countries, and its impact may be seen in the results of October elections in the hemisphere's biggest country.
|Uruguay: Latest Country to Reel Under Latin American Crisis|
by Andrs Gaudin, Latin America Press
August 19th, 2002
Uruguay, once the Southern Cone's financial paradise, found itself in the eye of a new political and economic storm stemming from the crisis that has rocked Argentina since December.
|Brazil: Stocks Surge After IMF Bailout, Problems Remain|
by Peter Muello, Associated Press
August 8th, 2002
Brazil's currency and stock prices soared Thursday on optimism that a $30 billion aid package from the International Monetary Fund will calm skittish investors, although the underlying problems that fed market anxieties haven't gone away.
|Burkina Faso: Thousands March Against Privatisation and for Higher Wages|
UN Integrated Regional Information Networks
July 18th, 2002
Thousands of workers went on strike on Thursday and marched through the main streets of Burkina Faso's capital, Ouagadougou, to protest against privatisations and to press demands for salary increases. The procession and strike were organised by the country's trade unions.
|World: Activists Oppose Public Financing of Caspian Oil Pipeline|
by Jim Lobe, OneWorld US
June 26th, 2002
Sixty-four mainly European nongovernmental organizations (NGOs) from some 37 countries are asking international financial institutions (IFIs), like the World Bank, and bilateral export credit agencies (ECAs), including the United States Export-Import Bank, to deny funding for a multi-billion-dollar oil pipeline project to run more than 1,000 miles from the Caspian Sea to Ceyhan, a Turkish port on the Mediterranean.
|Central Asia: World Bank Chief In Talks Over Pipeline|
Agence France Presse
May 16th, 2002
KABUL -- World Bank chief James Wolfensohn said Wednesday he had held talks about financing a fuel pipeline to channel massive gas reserves from Turkmenistan through Afghanistan to India or Pakistan.
|AFRICA: Controversy Continues to Dog Major World Bank Projects|
by Jim Cason, AllAfrica.com
April 25th, 2002
The World Bank president's June meeting could do worse than to consider Uganda's Bujagali Dam project and Tanzania's Bulyanhulu Gold Mine. The two large-scale projects are being supported by the World Bank's International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (Miga), as part of a broad strategy to increase economic growth and alleviate poverty.
|UK: Report Says World Bank, IMF Policies Provoke Worldwide Protests|
by Jim Lobe, OneWorld US
April 22nd, 2002
At least 23 countries in Asia, Africa, and the Americas experienced protests or civil unrest last year as a result of their governments' pursuit of policies backed by the International Monetary Fund (news - web sites) (IMF) and the World Bank, according to a report released this weekend.
|US: IMF and World Bank Meetings Open as Protestors Gather|
April 20th, 2002
Chanting, singing and beating drums, tens of thousands of protesters converged on the U.S. capital on Saturday to demonstrate against the U.S.-led war on terror, Israeli military actions in the West Bank and globalization
|Colombia: World Bank, IMF Threw Economy Into Tailspin|
by Tony Avirgan, Baltimore Sun
April 4th, 2002
WASHINGTON -- As the United States drifts deeper into the Colombian quagmire of drugs and war, policy-makers need to take a new look at the problems of poverty, joblessness and hopelessness that have made that country such a trouble spot.
|Palestine: Restrictions leave Economy "Near Collapse" Says World Bank|
by Alan Beattie, Financial Times
March 27th, 2002
Restrictions on the movement of goods and people in Israel and the occupied territories in response to the 18-month old intifada have brought the Palestinian economy close to collapse, according to a new report by the World Bank.