In July South African activists told IMF Managing Director Horst Köhler that the IMF was not welcome. They pointed out that the IMF made huge loans to apartheid South Africa during the late 1970s and early 1980s and called for the IMF to make reparations. The Campaign for Neoliberalism in South Africa concluded that the IMF has no role in a democratic society, and should begin the process of full debt cancellation and reparations for the enormous damage done to the region over the past few decades.
This briefing analyses the role of the Bank and Fund in the UN Financing for Development negotiations.
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The Bretton Woods Project is a UK-based NGO that challenges the World Bank and IMF and promotes alternative approaches. We serve as an information provider, watchdog, networker and advocate. Our flagship publications are the Bretton Woods Observer, a quarterly critical review of developments at the World Bank and IMF, and the Bretton Woods Bulletin, an online update of news and action on the institutions.
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