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Argentina: Government Defaults on Internatioal Loan
BBC
January 15th, 2003
Argentina has failed to make a crucial $681m debt payment, dealing a further blow to hopes of an economic recovery.

Venezuela: World Bank Freezes Oil Loans
BBC News
January 10th, 2003

The World Bank has frozen the distribution of $225m in loans to Venezuela's oil industry until the country ''normalises''.


World: IMF Strong-Arms Debtors Despite New Lending Guidelines
by Emad MekayInterPress 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 BittencourtInterPress 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 ShultzPacific 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 KirkInter 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 TranGuardian
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: Activists Decry Police Tactics in Anti-Globalization Protests
Agence France Presse
October 1st, 2002
Police used unconstitutional tactics and abused their authority when they arrested hundreds during the weekend anti-globalization protests, activists charged. Police arrested more than 650 people in three days of protests coinciding with the annual World Bank and IMF meetings.

US: Protestors Call for Environmenal and Economic Justice at World Bank Meeting
by Roxanne KhamsiEnvironment 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 FlynnAmericas 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 GaudinLatin 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 MuelloAssociated 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.

US: Policy Makers in Denial About World Economy
by Mark WeisbrotAlterNet
August 5th, 2002
US should take an honest look at what has happened to most low- and middle-income countries during the past 20 years.

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.

G8: Africa Aid is ''Peanuts,'' Say Activists
Agence France Presse
June 28th, 2002
Group of Eight leaders launched their long-awaited action plan for Africa, promising a new dawn for the continent, but aid activists said the promises amounted to peanuts.

World: Activists Oppose Public Financing of Caspian Oil Pipeline
by Jim LobeOneWorld 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.

USA: Farm Bill Will Export Misery to Africa
by Warren ViethLos Angeles Times
May 27th, 2002
WASHINGTON -- The White House and Congress are trumpeting their determination to bring economic opportunity to the people of Africa. But first, a few million sub-Saharan farmers will have to suffer.

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.

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