A report released in May by UK NGO Christian Aid, documents case studies in India, Ghana and Jamaica where imposed liberalisation has ravaged local industry with devastating social impacts. The report links small-scale farmers’ spiralling debts in India with the structural adjustment programmes of the World Bank. Numerous independent reports have identified the debt crisis as the root cause of a wave of farmer suicides. In Ghana, the report details the IMF’s role in overturning rice and poultry tariffs which had been agreed by the parliament. Both industries are now teetering on the brink of total collapse.
Review maintains inadequate and inconsistent approach to economic and gender inequality, as well as climate change.
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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, the Dispatch, a biannual analysis of the World Bank and IMF Spring and Annual Meetings, and the NewsLens, a bi-weekly roundup of key news and critical viewpoints published about the World Bank and IMF.
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