Debt


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Finance

News

New Bretton Woods Project report on capital flow implications

The Bretton Woods Project is about to publish a report examining the role of the World Bank and IMF in promoting private investment in developing countries, and the true costs and benefits of international financial flows.

15 September 2000

Finance

News

Oxfam report on poverty targets

Missing the Target reviews progress towards the international development targets for 2015, highlighting the danger that none of the targets will be met.

11 August 2000

Finance

News

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.

11 August 2000

Finance

News

Brown’s Committee Is “Political Whitewash”

Bank and Fund staff have complained that the Joint IMF-World Bank Implementation Committee (JIC), which has been established to coordinate work on the Heavily Indebted Poor Country (HIPC) Initiative and the Poverty Reduction Strategy Papers (PRSP) program is just “political whitewash”.

14 June 2000

Finance

News

Bank Report Counters Globalization Critics

In April the World Bank launched a new briefing Assessing Globalization, examining the implications of international trade for poverty, inequality and the environment.

14 June 2000

Finance

News

IMF “Lending Into Arrears” In Ecuador

The new IMF policy of “lending into arrears”, that is lending to countries in financial crisis with debts owing to the private sector, has been applied to Ecuador.

14 June 2000

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

Finance

News

Ecuador crisis leads to indigenous peoples’ uprising

In January, the Confederation of Indigenous Nationalities of Ecuador (CONAIE), and other social movements led an uprising in protest at the worsening economic situation which resulted in the resignation of the president, Jamil Mahuad.

15 April 2000

Rights

News

Jakarta activists call for local initiatives

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.

15 April 2000

Finance

News

Mozambican NGO rejects Bank emergency lending

The Mozambican Debt Group (MDG) has protested against the one-year moratorium on Mozambican debt service payments granted by the World Bank in response to the devastation caused by the worst floods experienced by the country, and against the Bank providing loans to support emergency efforts.

15 April 2000