In July, the Nigerian House of Representatives adopted a non-binding motion urging the federal government to suspend all activities in respect of an IMF standby loan until the conditions were made public.
International Monetary Fund (IMF)
Knowledge
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Report on transition safety nets
Forthcoming research by Save the Children Fund examines the record of “safety net” social programmes in formerly socialist countries.
Conditionality
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Slovaks condemn WB-IMF collusion
Friends of the Earth Slovakia has complained about the World Bank’s requirement that the government agree a programme with the IMF before it can access Bank loans.
Rights
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Prague plans
The annual meetings of the World Bank and IMF will be the occasion for high-level official decision-making about the future of the institutions as well as protests and alternative discussions among civil society groups.
Finance
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New book on debt origins and impacts
Brazilian activist Marcos Arruda exposes the problems with his government’s economic policies and the role of the IMF in a new book.
WB/IMF roles
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Köhler seeks focused, independent IMF
In May in his first public speech as the new head of the IMF, Horst K
Accountability
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G7 will impose their architecture agenda
G7 finance ministers in July reiterated their commitment to enforce their agenda without a commitment to address the needs of the poorest countries.
Rights
News
Argentine anti-IMF protests
Argentine church leaders joined labour groups in late May to demonstrate against IMF economic policies.
Conditionality
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Mozambique sugar industry threatened
The IMF looks set to repeat mistakes which led to the demise of Mozambique’s cashew processing industry.
Conditionality
News
Ecuadoreans protest against adjustment reforms
In June the Patriotic Front, a coalition of unions and grass-roots organizations, held a national strike to protest neoliberal economic policies promoted by the World Bank and International Monetary Fund (IMF).
Knowledge
News
Protests at UN collaboration with Bank and Fund
In June, 80 non-governmental organizations and people’s movements issued a joint statement condemning the UN’s involvement in a joint UN, WB, IMF and OECD report A Better World for All, released during the follow-up summit to the Copenhagen Social Summit held five years ago.
Accountability
News
Kenya MPs urge aid halt over graft
In mid-July 64 Kenyan MPs signed a statement urging the IMF and World Bank to suspend discussions on new loans to their government after a select committee report into corruption was cut, deleting the names of some politicians and civil servants.