In February, about 300 activists from the Student Federation of Thailand, the Forum of the Poor and labour groups burnt effigies of IMF managing-director Michel Camdessus and some Thai politicians in a protest in Bangkok where officials were attending the UNCTAD-X meeting. They accused the IMF of leaving the poor in destitution and denounced the IMF‘s conditions which forced Thailand to sell off state enterprises to repay its loan while ignoring the hardship of poor farmers and labourers.
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New evidence from Oxfam, the Bretton Woods Project and other NGOs reveals the impact of IFC investments in financial intermediaries on global human rights.
This briefing shows that multilateral governance is at risk if long-overdue IMF quota and board reforms are not ratified.
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