Haiti : 10 years of occupation - Enough ! Withdraw troops NOW and end the MINUSTAH ! Call to mobilize June 1 – October 15, 2014 The MINUSTAH is not a humanitarian mission. It is a military occupation of Haiti, installed June 1, 2004, by the Security Council, in the wake of the first coup consummated by the U.S. in this new millennium, against a constitutionally elected government in our America. Under the pretext of stabilizing the country , the real goal of the MINUSTAH is to prevent the (...)
Final statement from the Global Campaign Dismantle Corporate Power and Stop Impunity regarding the WEEK OF MOBILIZATION TO STOP CORPORATE CRIMES AND IMPUNITY Social movements demand access to justice for those affected by human rights violations and ecological crimes committed by corporations! July 2014 - The ongoing and past violations of human rights by Transnational Corporations (TNCs) urgently demand radical action. Tragedies like the 2013 Rana Plaza disaster in Bangladesh that killed (...)
This May 15, Europe’s biggest businesses have invited our political leaders (Karel de Gucht, Didier Reynders, Guy Verhofstadt, Kris Peeters etc.) to the Egmont palace for the ‘European Business Summit’.
We won’t let them!
Press release Unjust conviction of Amina Morad and Benacer Ismaïni, 2 activists of the Association for Defending Victims of microcredit in Ouarzazate : 1 year in prison and a fine of 30000 MAD and 10000 MAD for Inmaa a microcredit organization as compensation. The convicted activists have 10 days to lodge an appeal. The trial of Amina Morad and Benasser Ismaïni , the two activists of the Association for Defending of microcredit Victims was held on Tuesday 11th February 11, 2014 under (...)
Detroit, Jan. 16 — With a decision community activists called “a major victory for the people of Detroit,” U.S. Bankruptcy Court Judge Steven Rhodes ruled today that the City of Detroit could not go forward with its loan deal with Barclays Bank that would have cost the city millions more in order to pay off Bank of America and United Bank of Switzerland for what is called a “swap termination.” Clapping erupted in the stuffy “halls of justice” as people’s anti-foreclosure attorney Jerry Goldberg, (...)
Overall situation While the general outlook remains broadly unchanged, with the Troika still pushing for severe austerity and national governments continuing their acts of window-dressing, another important issue has become increasingly prominent: corruption. As we see major scandals in many European countries, corruption seems to be not only a national problem, but rather connected to the current crisis and the economic system. However, there are also positive developments: ongoing (...)
Series : Bretton Woods, the World Bank and the IMF: 70th anniversary (Part 4)
SUNFED versus World Bank
by Eric Toussaint
From 1950 to 1960, having no Marshall Plan to promote their growth, the developing countries proposed that a new UN body be created, based on a “one country, one vote” system designed to facilitate loans to their industries: SUNFED (Special United Nations Fund for Economic Development). The (...)
Bank of the South. An Alternative to IMF-World Bank
Download in pdf
by Eric Toussaint
CADTM is very pleased to make available to a wide internet public, "Bank of the South" published by Vikas Adhyayan Kendra (VAK) in Mumbai (India) in 2007. This book is a collection of articles by Eric Toussaint, Damien Millet and Daniel Munevar about the creation of the Bank of the South and (...)
Nigeria: World Bank panel turns its back on forcibly evicted community
by Amnesty international
The decision by a World Bank Inspection Panel to refuse to investigate a complaint about forced evictions linked to a World Bank project in Lagos shows a complete disregard for its responsibilities, Amnesty International said today. On Thursday evening, the Inspection Panel published its (...)
Series : Bretton Woods, the World Bank and the IMF: 70th anniversary (Part 3)
Early conflicts between the UN and the World Bank/IMF tandem
by Eric Toussaint
The World Bank and the IMF are specialized institutions of the UN, comparable in theory to the International Labour Organization (ILA) or the Food and Agriculture Organization of the United Nations (FAO). As such, they are supposed to cooperate closely with the various UN bodies and the other (...)
BRICS Bank: Is it an alternative for development finance?
by Daniel Munevar
On July 15th, the governments of Brazil, Russia, China, India and South Africa announced the creation of a New Development Bank (NDB). According to the official press release, the main objective of the new multilateral institution is to establish an alternative to the current set of (...)
A major political move: the BRICS launch the New Development Bank and a reserve arrangement
by María José Romero
The city of Fortaleza on the north-east coast of Brazil was the selected place for a major political move by Brazil, Russia, India, China and South Africa – the so called BRICS nations - in mid July. After the 2013 fifth BRICS’s summit held in Durban, South Africa, expectations were raised for (...)
Don´t Owe, Won´t Pay: YES to life, NO more vultures!
by Jubilee South/Americas
This past June 16th, the Supreme Court of the U.S. announced two highly pernicious decisions not only for Argentina and its people, but for all those who defend sovereignty and the primacy of human rights over the claims of big capital. The Court rejected Argentina´s appeal, leaving firm the (...)
The fool’s bargain of West African bananas’ producers who have demanded to sign the West Africa-EU EPA
by Jacques Berthelot
We know that the main reason for the acceptance by the West Africa’s Heads of State to sign the regional EPA with the EU on July 10, 2014 in Accra comes from the pressures of Ivory Coast, and secondarily of Ghana, who risked losing duty free access to the European market mainly for their exports (...)
Brickbats for the BRICS bank?
by John Weeks
For many years officials of governments in African, Asian and Latin American have urged the creation of a "development" bank that they would control. On Tuesday 15 hopes become reality in Forteleza, Brazil with the formal creation of the New Development Bank by the leaders of the so-called (...)
Series : Bretton Woods, the World Bank and the IMF: 70th anniversary (Part 2)
The WB assists those in power in a witch-hunting context
by Eric Toussaint
Contrary to common belief, the mission of the World Bank is not to reduce poverty in developing countries. The Bank’s mission, as originally conceived by the victors of the Second World War, the United States and Great Britain in particular, was to help rebuild Europe, and secondarily to promote (...)