Debt

Finance

News

Countries embark on PRSP process

Bolivia is the first country to have produced an Interim Poverty Reduction Strategy Paper (PRSP), which has qualified it for the enhanced HIPC Initiative debt relief.

15 April 2000

Conditionality

News

UK ED quizzed on UK role in Bank and Fund

In October UK Executive Director Stephen Pickford was called before the Treasury and International Development Select Committees for questioning by MPs.

15 December 1999

Conditionality

News

Southern organisations demand end to adjustment

Organizations and activists in more than 20 Southern countries have launched a campaign against the destructive lending policies of the World Bank.

15 December 1999

Finance

News

Jubilee South summit

Jubilee 2000 representatives held a South-South Summit in South Africa in late November.

15 December 1999

Conditionality

News

IMF takes on poverty mandate

Important changes to the IMF’s remit in the poorest countries were announced at the IMF-WB Annual Meetings in September.

15 December 1999

Finance

News

Ecological debt outweighs financial debt

The view that poor countries owe the rich millions of dollars in loan repayments is challenged by a Christian Aid report.

15 December 1999

Conditionality

News

Strikers in Colombia in protest at IMF and debt

In late August Colombian labour unions began an indefinite national strike in protest at the government’s political, social, and economic agenda and calling on the government to declare a moratorium on the payment of its internal and external debt.

15 September 1999

Accountability

News

Politics before good policies in Zimbabwe

The IMF has agreed to lend US$7.32 bn to the Zimbabwean government despite continued concerns about corruption in the land reform process; the cost of supporting Zimbabwean troops in the Democratic Republic of Congo (DRC); a planned privatisation of the Hwange power plant; and the reintroduction of price controls.

15 September 1999

Finance

News

Africans to challenge Washington Consensus

African NGOs met in Nairobi in August to discuss and formulate an Africa Consensus on economic and social development to challenge the Washington Consensus.

15 September 1999

Conditionality

News

PNG Government avoids conditionality

Relations between the Bank and the government of Papua New Guinea were strained in July by the government’s decision to issue bonds to raise money from the private sector.

15 September 1999