The World Bank was accused of “behaving like vultures, like loan sharks” by US NGO 50 Years is Enough Campaign after it offered to help finance emergency relief efforts in El Salvador in the wake of January’s earthquake.
Finance
Conditionality
News
Argentine bail-out causes more hardship
After weeks of jockeying by the Argentinian government, the IMF and the US Treasury Department finally agreed to provide $18 billion to bailout Argentina’s troubled economy in November.
Rights
News
New “Net the debt” site
OneWorld has launched DebtChannel.org, a global portal site on international debt.
Finance
News
Turkey in crisis
Turkey is the latest country to be overcome by financial crisis.
Finance
News
Capital account liberalization and the poor
This report will consider the linkages between financial and capital account liberalization, the implications for governments’ choice of macroeconomic policies and the impacts on poor people.
Finance
News
Brazilians say “no” to debt and the IMF
In Brazil a national plebiscite on External Debt, held in September, rejected the government’s agreement with the IMF and its commitment to full debt repayment at whatever cost.
Conditionality
News
New directions for IMF?
“I have a heart” pleaded Horst K
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.
Finance
News
Taming Global Finance
Financial liberalisation has created volatility in financial markets, threatening the orderly running of national economies.
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.
Featured briefings
19 July 2023
The Bretton Woods Observer: Summer 2023
3 July 2023
Civil Society calls for rethink of World Bank’s ‘evolution roadmap’ as part of wider reforms to highly unequal global financial architecture
Joint civil society briefing paper highlights concerns with the World Bank’s Evolution Roadmap, and provides a series of recommendations for a Roadmap that prioritises people, participation and the planet over profit and economic growth.
6 April 2023