Middle East and North AfricaBahrain, Djibouti, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Syria, United Arab Emirates, Yemen; Algeria, Egypt, Libya, Morocco, Tunisia. read more background... Items 1 to 10 of 24IMF loan to Egypt branded as "odious"Social movement Popular Campaign to Drop Egypt's Debts has spoken out against Egypt's military government agreeing to a $3.2 billion IMF loan. read article... Arab civil society rejects IFI involvementIn late June the Egyptian Ministry of Finance turned down a $3 billion loan package from the IMF, citing the rejection as a response to "public debate". read article... Red-Dead sea plan in hot waterThree civil society groups have filed a complaint with the World Bank's Inspection Panel, its complaint mechanism, over the Bank's feasibility study for a project to channel water from the Red Sea to replenish the Dead Sea. read article... Rehash of failed policies for Arab states?As revolutionary movements sweep the Arab world, the World Bank and the IMF have taken a lead in international economic engagement in the Middle East and North Africa region. But critics have warned of the dangers of locking transitional governments into long-term loans with economic conditionalities that may perpetuate the flawed development model that contributed to the crisis in the first place. read article... Egyptian NGO appeals against Bank projectThe $145 million World Bank 'West Delta' project has come under fire. Egyptian NGO, Land Centre for Human Rights (LHCR) has filed an appeal on behalf of farmers in the Egyptian delta and they want to change the course of the planned irrigation scheme. read article... World Bank caught between Red and Dead SeaThe World Bank has been involved in administering a $16.7 million fund for a feasibility study and environmental and social assessment (ESA) of the highly controversial Red Sea-Dead Sea canal read article... Bank hired in Israel without bidding processThe World Bank was awarded a $500,000 contract to examine the Israeli Electricity Corporation's financial condition with no bidding process. If this were a Bank-funded project, such a procedure would not be allowed. read article... World Bank legitimising illegal Israeli occupation of West BankThe Bank's approach to development in Palestine hinges on the full acceptance of the status quo - e.g. continued occupation and the presence of the settlements and the wall - as well as joint projects that impose PNA-Israeli cooperation, often with a third international partner. Politically, these development projects threaten to legitimise Israeli claims in regards to the wall, Jerusalem, land annexation and settlements that have resulted in the fragmentation and ghettoisation of the West Bank and Gaza. read article... IFC challenges highlighted in the Middle East Doing Business indicators come under fireThe International Finance Corporation, the private sector arm of the World Bank, is rapidly increasing its investment in the Middle East, raising questions about the development value of its activities. A Norwegian study of the IFC's Doing Business indicators questions the usefulness of the index to making real-life improvements to a country's business environment. read article... The IFIs and Islamic financeThe World Bank Group and the IMF have become more involved in assistance to and oversight of Islamic financial institutions. read article... |
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Climate Investment Funds Monitor: October 2011 27 October 2011 ResourcesInterim government obtains loans four times as much as those during Mubarak's time 20 January Drop Egypt's Debt 15 January Egyptian and Tunisian people revolted against unjust economic models 27 July Egypt's 'Orderly Transition'? International Aid and the Rush to Structural Adjustment 29 May G8 urged to cancel Egypt's unjust debts 27 May Economic failures, revolutions and the role of the World Bank in the MENA region 7 April Land Centre for Human Rights website 16 November La Banque Mondiale legitime l'occupation israelienne illegale de la Cisjordanie 1 October Has policy-based lending by the IMF and World Bank been effective in the Arab world? 1 October stopthewall.org 29 September Newswire |
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