On 17 January 150 people were arrested in Bhopal while marching against World Bank and Asian Development Bank policies. The Banks had convened for a Development Forum meeting organized by the Madhya Pradesh government. British Development Minister Clare Short was also present. The Jan Sangarsh Morcha (forum of Madhya Pradesh people’s organizations) wrote to her opposing “the anti-people policies, projects and processes that are sought to be thrust on the people of this state and indeed this country, at the behest of the multilateral institutions, but which most often reflect the interests of global corporations”.
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries, but need to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues.
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