Finance

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

Finance

News

IMF changes its tune on capital controls

A new report from the IMF, Country Experiences with the Use and Liberalization of Capital Controls, reviews experience with the use of capital controls in 14 countries and provides detailed studies of the experience of the use of controls in Chile, India and Malaysia.

15 April 2000

Finance

News

Controlling capital flows

A new report by UNCTAD, Capital Flows to Developing Countries and the Reform of the International Financial System, concludes that until ways can be found at the international level to limit financial instability then developing countries should maintain national control over capital flows.

15 April 2000

Finance

News

Global Gamblers

A new report from War on Want, The Global Gamblers, British Banks and the Foreign Exchange Game, finds that banks profit substantially from trading foreign currency during periods of financial instability.

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

Capital punishment

A new report from UK NGO CAFOD criticises the IMF response to the financial crisis as “inadequate and at times harmful to the interests of the poor” and urges “deep reforms”.

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