As 80% of the money the World Bank uses to make its loans actually comes from the sale of bonds to institutional investors (pension funds, universities, municipalities, etc.
The Bretton Woods Project was first runner up in GreenNet’s Networker of the year award for its website, launched last year.
In April, thousands of protesters gathered in Washington DC to close down the World Bank and IMF Spring Meetings.
Leaders attending the G77 meeting of developing countries in Cuba in April, also lent their support to the protests in Washington against the IMF and World Bank.
By Michael Goldman * For the enormous power and global reach the World Bank has…
Activists from across the US will converge in Washington to protest at the IMF and World Bank Spring Meetings.
In February, about 300 activists from the Student Federation of Thailand, the Forum of the Poor and labour groups burnt effigies of IMF managing-director Michel Camdessus and some Thai politicians in a protest in Bangkok where officials were attending the UNCTAD-X meeting.
NGO activists in Jakarta wrote an open letter to World Bank President James Wolfensohn in February, asking him to meet directly with the people to hear their own solutions to reverse Indonesia’s economic decline based on small-scale, local initiatives.
Washington DC-based NGO Bank Information Centre (BIC) has produced toolkits to help citizens more effectively engage with and influence the World Bank.
Friends of the Earth International, one of the main organisers of the NGO events surrounding the Annual meeting of the World Bank and IMF, this September in Prague, is organising a two day video festival, where documentaries related to IMF/World Bank activities will be shown for a wide audience, connected with debates and presentations.