Argentina

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Commentary

IMF from Argentina to Greece: similar but different

The economic crisis in Argentina in 2001 and Greece today share both similarities and differences, so we should be wary of stretching the comparison.

7 February 2012 | Guest comment

Land

News

World Bank policies "enabling" African land grab

New research claims World Bank Group's policies facilitate land grabs in Africa and favour the interests of financial markets over food security and environmental protection.

14 September 2011

Rights

Analysis

Debt and austerity - from the global South to Europe

In early May, more than 400 activists in Greece and campaigners and academics from across the world met in Athens to confront the current debt crisis of the European periphery and plan international solidarity and coordinated action against fiscal austerity imposed by governments.

13 May 2011 | Note

Environment

News

Court finds fault with IFC-backed paper mill

Controversy over the Botnia paper mill, which was part financed by the International Finance Corporation (IFC), the World Bank's private sector arm, continues as the International Court of Justice (ICJ) ruled that Uruguay breached regional treaty obligations by failing to properly inform neighbouring Argentina when authorising its construction.

17 June 2010

Conditionality

News

Debt crisis in Europe: Beware IMF bearing gifts

The descent of Greece into a sovereign debt crisis marks the first time a country that uses the euro has gone to the IMF. The fear of adverse market reaction has now moved Europe towards greater coordination and the G20 to argue against continued fiscal stimulus.

17 June 2010

Environment

News

ICSID in crisis

The International Center for the Settlement of Investment Disputes (ICSID) is facing an explosion of cases and increasingly vocal criticism from Latin American countries. Questions remain over whether it helps channel productive investment to developing countries or serves as a tool for multinational corporations to get their way.

10 July 2009

Rights

News

The Bank of the South: the search for an alternative to IFIs

Despite the political victory of transformative forces in South America, differences of opinion over the direction of the Bank of the South, a new regional development bank, may slow progress towards developing an autonomous alternative to the World Bank and IMF-dominated international financial architecture.

26 September 2008

Finance

News

The IMF in Argentina: the search for relevance

Since Cristina Fernandez de Kirchner assumed the presidency in December the Fund has been involved with the renegotiation of Argentinean debt with the Paris Club and a controversy over official statistics.

1 April 2008

Environment

News

Further embarrassment over Botnia

Minutes before cutting the ribbon of inauguration for the IFC-funded pulp mill owned by Finnish Company Oy Metsa Botnia in Uruguay at the start of November, Erikki Varis, CEO of the Finnish company was ordered to hold off by the Spanish government

12 December 2007

Conditionality

News

Bank of the South to challenge IMF or IDB?

Argentine president Nestor Kirchner and Venezuelan president Hugo Chavez announced 21 February that the two governments would establish a Bank of the South within 120 days.

2 April 2007

Rights

News

Uruguay pulp mills: “no risk”

IFC-commissioned impact assessment has found few environmental and social risks posed by the pulp and paper mills being built by Finland’s Botnia and Spain’s ENCE in the Uruguayan town of Fray Bentos.

23 November 2006

Accountability

News

Bank stumped on Uruguayan paper mills

The IFC and MIGA have been unable to manage the international dispute created by their proposed investment in two pulp and paper mills in Uruguay, and show no signs of setting a board date for considering Bank support.

19 June 2006