Some 20 companies have filed suits with World Bank arbitration arm, the International Center for the Settlement of Investment Disputes (ICSID), against the Argentine government for damages caused by the ‘pesoficiation’ of the economy in 2002 and the freezing of public service rates. The Argentine government has taken the first steps to allowing rate increases – in return, it has asked the firms to suspend their claims. Spokespersons for the companies argued that it wasn’t clear that they could suspend a claim in an international tribunal, however the ICSID legal team clarified that they were free to do so.
After 4 years of on-off negotiation and public opposition, the government of Egypt has signed a loan deal with the IMF whose impacts civil society fears will encroach upon human rights, social protection and social provision, like health and education, upon which the poorest depend.
Investments by the World Bank-hosted Global Financing Facility (GFF) do not reflect the family planning priorities identified by developing countries and local communities. The GFF also continues to suffer from a lack of transparency and meaningful civil society participation, raising doubts about the new mechanism’s effectiveness.
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