Finance

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

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

Millennium Lottery

A new report from Christian Aid, Millennium Lottery, Who Lives, Who Dies in an Age of Third World Debt, looks at how debt and structural adjustment hinders development through the lens of health in Africa.

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

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

Finance

News

Stiglitz supports workers

In a parting shot as he departed the Bank on February 1st, Joseph Stiglitz, in an interview with the International Herald Tribune, said the interests of poor countries had not been “adequately represented in a lot of the international fora”, even when decisions were potentially harmful to them.

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

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

Jubilee South summit

Jubilee 2000 representatives held a South-South Summit in South Africa in late November.

15 December 1999