Aid cannot buy economic reforms the World Bank concedes in a new study on Africa which shows that imposing conditions to force developing countries to adopt unpopular reforms has in many cases been ineffective. Read More
The Argentine government found itself Monday struggling to contain political fallout from the announcement three days earlier of major public spending cuts, as the first protesters took to the streets. Read More
Anti-privatisation protestors are expected to descend on the streets of Johannesburg this month as they demand a reversal of the sale of their municipal water supply to French multinational Suez Lyonnaise des Eaux. Read More
Kenneth W. Dam, a law professor and former top State Department official, will be nominated to become deputy secretary of the Treasury, the White House announced yesterday. Read More
The heads of the World Bank and International Monetary Fund told 12 African leaders it would be impossible to cancel the entire debt of the world's poorest nations, as many have asked. Read More
The police used water cannons and steel fences to stop protesters on Saturday from getting within a mile of the World Economic Forum's Annual Meeting in Davos. Read More
In his first media interview since his party's landslide win in the Jan. 6 national election, telecommunications tycoon Thaksin Shinawatra also said his government would try to soften the ''tough'' terms imposed on Thailand by the International Monetary Fund (IMF). Read More
Up to 10,000 people gathered in downtown Sofia on Wednesday to protest the country's unemployment, poverty and temporary-employment contracts. Read More
But these jujitsu tactics may be running out of steam. Political momentum against the IMF ratcheted up in recent weeks, when the Meltzer Commission, a bipartisan advisory commission to the U.S. Congress, released its report. Read More