Brazilian NGOs’ Panel claim with the Panel about the C
Brazilian NGOs, trade unions, students and opposition parties protested outside the World Bank’s office in Brasilia against the government’s agreement with the International Monetary Fund (IMF) and the Bank’s decision to suspend loans to two state governments.
The IMF with multilateral banks and other donors has agreed a $41bn package to help Brazil fend off international currency speculators.
Last year the Brazilian government narrowly managed to persuade the World Bank’s Board not to send its Inspection Panel to investigate the Itaparica hydroelectric project, subject of controversy over the forced eviction of 40,000 people.
In August a Commission of the Brazilian Congress held a hearing to examine the multilateral financial institutions.