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If you ask a Mexican farmer, Indian civil servant, Filipina garment worker, Bolivian miner or South African student what structural adjustment is, chances are they would be able to explain IMF and World Bank mandated belt tightening because their lives have been touched by it. Read More

PRAGUE -- In a day of protests that were more colorful than violent, 9,000 demonstrators surrounded Prague's Congress Center where the World Bank and IMF are holding their annual meeting. Read More

What is the World Bank? Created at the Bretton Woods Conference in 1944, the World Bank Group is comprised of five agencies that make loans or guarantee credit to 177 member countries. Read More

Every year the World Bank and its regional counterparts such as the Asian Development Bank, the Inter-American Development Bank, the African Development Bank, and the European Bank for Reconstruction and Development, collectively known as Multilateral Development Banks (MDBs), lend $45 billion to the so-called ''developing'' world. Read More

The leader of one of India's largest technology outsourcing companies, Satyam Computer Services, on Wednesday admitted cooking its books and committing other grave financial wrongdoing to inflate profits over several years. The revelation shook India's stock market and sent shockwaves across the country's booming software industry. Read More

Famed anti-Narmada dam campaigner, Medha Patkar, Friday entered the third day of her hunger protest, in the city of Bhopal, the capital of central Madhya Pradesh state. The state is the home of most of the quarter million, mainly indigenous people to be displaced by the four billion-U.S. dollar Sardar Sarovar dam. Read More

Over a thousand environmental protesters today stormed police barricades in New Delhi, and marched up to the offices of the World Bank, demanding they be allowed to meet with visiting Bank president James Wolfensohn. Read More

Bush, the Republican candidate for the Nov. 7 US presidential elections, is more leery of the current role of the International Monetary Fund (IMF) and the World Bank, analysts say. Read More

Race has become such a scary word to the World Bank that its officials found themselves referring to it as the 'R-word' while responding to charges that the institution had skirted race in its recent World Development Report. Read More