The Bank, the Fund, the debt threat

News|Bretton Woods Project|21 September 2004|update 42|url
print|email|bookmark

del.icio.us

Stumble Upon

Reddit

Google Bookmarks

Researcher Noreena Hertz, in her latest book I.O.U: The debt threat and why we must defuse it argues that the resolution of third world debt is key to global stability. Hertz explains in her book how the Bank and Fund were alerted long ago to the destructive impacts of their programmes on growth, social well-being, the environment and debt levels. She recommends the cancellation of debts on the grounds of illegitimacy and unpayability, and the creation of bodies to oversee the spending of debt savings on development goals run predominantly by civil society.

This text may be freely used providing the source is credited.

This page is: <http://brettonwoodsproject.org/art.shtml?x=72282>

Published: 21 September 2004 , last edited: 21 September 2004

Viewings since posted: 2639

Articles: 2339

Special coverage of Bretton Woods II, updated daily with the latest news and analysis: www.brettonwoodsproject.org/BW2/

“The World Bank has in the last decade financed over 26 gigatonnes of CO2 emissions - WWF”

Newswire

Does Asia needs its version of IMF? 19 November

IMF Needs More Funding? Join The Club 19 November

After G-20: The Beginning of the End of the Old Order 19 November

Debt Man Walking 19 November

IMF board approves $2.1 billion Iceland loan 19 November

IMF agrees 518 mln dlr line of credit with crisis-hit Serbia 18 November

G20 v. G1 18 November

The IMF Needs Fixing, and China Wants a Say 18 November

Latest video from IFIwatch.tv

Global Financial Crisis: What Role for the IMF? Part II 22 October

home | subscribe | donate | search | help | contact

RSS.91: highlights | newswire

Privacy policy | Accessibility policy

validate: | XHTML | CSS | RSS | 508

powered by Action Apps | hosted by GreenNet | Credits