Meeting with Rick Rowden, RESULTS, 31 May 2002
The first elected government in East Timor faces an estimated US $154-$184 million shortfall in its initial three-year budget.
The number of pundits up in arms over the IMF’s handling of the crisis in Argentina continues to mount. The most recent selection includes Brazilian President, Henrique Cardoso, and ex-World Bank Chief Economist, Joseph Stiglitz.
In the course of the last six months, the European NGO coordination, actively comprised of over 40 European NGOs in 11 countries including 8 national networks, has made continuous steps to focus and revise NGO demands regarding the FfD process towards a realistic, achievable and meaningful political outcome.
US debt campaigners are siding with the Bush administration against European leaders and other NGOs over a key source of finance for the world’s 79 poorest countries. Discussions on the pros and cons of providing grants instead of loans through IDA appear deadlocked (March 2002).
Gordon Brown’s recent speeches on a “New Deal” for the global economy have been generally welcomed, especially for their suggestions that aid budgets should be increased.
Disagreements between donors about how much grant money the Bank should give to the poorest countries has held up replenishment of the International Development Association (IDA), Bank’s soft-lending arm.
A new report compiled from workshops organised by Jubilee South, Focus on the Global South and other southern civil society groups claims structural adjustment logic and policies essentially remain unchanged in PRSPs.
The World Bank and anti-globalisation activists have now traded three rounds of demands and counter-demands since September this year.
This report by Jubilee Plus aims to raise debate on “the legal mechanisms” for making debt standstill mechanisms work.