The World Bank Campaign Europe in conjunction with the Permanent Peoples’ Tribunal held a public hearing on the World Bank in October (see Update 57). A new video presents the testimonies revealing what happens to people and the environment as a result of economic policy conditions attached to World Bank loans and Bank-financed oil and gas projects. Cases examined in detail include: mining law reform in Peru; agricultural market liberalisation in Malawi; the Karachaganak oil field in Kazakhstan; cotton market liberalisation in Mali; electricity privatisation in Nicaragua; and the West Africa Gas Pipeline. The DVD is in English, French and Spanish, with subtitles in English, German, Spanish, French, Dutch and Italian. Free copies are available from co-organisers Friends of the Earth International.
EarthRights International examines how the Jam v. IFC case has helped to shift the landscape of accountability for international financial institutions by successfully challenging their claim to “absolute” immunity in US courts, potentially opening IFC up to further legal challenges in future.
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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.