A letter from Haitian solidarity NGOs, faith groups and academics was sent to president Wolfowitz in August to protest the Bank’s mis-portrayal of the situation in the country. In late July, the Bank posted a banner headline on its website boasting that “new schools, roads, and jobs are among the achievements of the interim cooperation framework, Haiti’s economic, social and political recovery programme.” The letter’s authors pointed out that Haitian GDP declined in the year ending September 2004, living standards have plummeted and human rights violations by the state and police continue.
IMF and World Bank policies and programmes work in tandem to expand and deepen financialisation, exacerbating the inequality crisis and harming human rights, financial stability and democratic governance
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Established in 1995, the Bretton Woods Project (BWP) is a civil society watchdog of the International Monetary Fund and World Bank. By monitoring the work of these institutions, supporting and connecting critical civil society communities, and advocating for transformational change, the Project challenges their power and fights for the development of policies that are gender transformative, equitable, environmentally sustainable and consistent with international human rights norms.