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Paul Wolfowitz new President of the World Bank : What will change ?

22 April 2005 - by Eric Toussaint

Beyond the question of who presides over the World Bank temporarily, what is the role of the World Bank ? Contrary to popular wisdom, the World Bank’s mission is not to reduce poverty in developing countries. Its mission, defined by the victors (...)
Multilateral Institutions Taken Hostage

17 April 2005 - by Eric Toussaint, Damien Millet

The conservative offensive within the multinational institutions has scored a few points in recent months. People like us who are trying to put across a different logic cannot afford to rest yet awhile. On the other hand, such frustrations (...)
Paul Wolfowitz to head the World Bank
Development, Debt and Obedience to Empire

The World Bank: a Bigger Problem Than Wolfowitz

21 March 2005 - by Mark Weisbrot

The Bush Administration’s choice of Deputy Secretary of Defense Paul Wolfowitz to head the World Bank has ignited a storm of international controversy. Coming on the heels of the nomination of anti-UN John Bolton for Ambassador to the United (...)
Wolf After Wolf

21 March 2005 - by Abu Spinoza

President George W. Bush has designated Deputy Defense Secretary Paul Wolfowitz as a nominee for the president of the World Bank to succeed current World Bank president James Wolfensohn. Wolfowitz, who is second in command to Defense Secretary (...)
Wolfowitz at the World Bank: A Perfect Fit

21 March 2005 - by Jude Wanniski

If you really don’t know what the “World Bank” is all about, you would think that President Bush was joking in nominating Paul Wolfowitz to be the new president of the Bank, replacing Jim Wolfensohn. One of the chief architects of the Iraq war, (...)
The World Bank Held to Account - Using the Law to Bring about Justice

4 February 2005 - by Eric Toussaint

Question 1: Is it possible to sue the World Bank? Answer: Contrary to popular opinion, the World Bank (WB) is not entitled to immunity either as an institution or as a legal entity. Section 3 of Article VII of the Charter (articles of (...)
Manipulating Consent:The World Bank and Public Consultation in the Nam Theun 2 Hydroelectric Project

12 December 2004 - by Shalmali Guttal, Bruce Shoemaker

The World Bank is currently considering providing financial support to one of the most controversial projects in Southeast Asia, the Nam Theun 2 Hydroelectric Project in the Lao People’s Democratic Republic (Laos). Although the Bank has not yet (...)
What future for the IMF, the World Bank and the WTO? Reform the UN?

8 November 2004 - by Eric Toussaint

Contribution for Reclaim our UN seminar in Padua 19-20th november 2004 - Can the IMF and the World Bank be reformed? There is every reason to doubt it. In my opinion, these institutions should be abolished and replaced by other global (...)
World Bank Brings Market Fundamentalism to Iraq

6 November 2004 - by Kathy Hoang

The World Bank has forced dozens of countries to put their economies in the hands of the “free market” - achieved by eliminating regulations and taxes and granting maximum flexibility to businesses and investors. Its insistence on limiting the (...)
A Call to Action Against Misdirected Development

Karnataka Forfeits its fortunes in the hands of IFI

4 November 2004 - by Collectif

IFIs in Karnataka The World Bank group is poised to increase its lending to India to US$ 3 billion annually in the period 2005-2008, up by a billion from the previous corresponding period. The Asian Development Bank (ADB) has also increased (...)
IMF and WB: the destruction of Indonesia’s sovereignty

18 October 2004 - by Eric Toussaint

After the Second World War, Southeastern and East Asia played two major roles. This region supplied raw materials to Western societies. Moreover it was a flashpoint for confrontations between contending Cold War interests. On 27 December 1949, (...)
Sixtieth Anniversary of Bretton Woods

World Bank - IMF support to dictatorships

28 September 2004 - by Eric Toussaint

Sixty years ago, 22 July 1944 marked the conclusion of the Bretton Woods conference, at which the World Bank and the International Monetary Fund were founded. In a few days, on 2 and 3 October 2004, the annual joint assembly of the World Bank (...)
October 1 to 12, 2004: Worldwide Days of Resistance To the IMF & WB

End 60 years of Destruction: IMF - World Bank out Now!

4 September 2004 - by Jubilee South

Sixty years ago, delegates from governments of 45 countries met in Bretton Woods, New Hampshire, USA, and laid out a blueprint for redesigning the world economy. For the first time, globally binding agreements and institutions were forged, (...)
World Bank Conference on Development Economics

On Track? Derailed? Other Voices for Other Routes

30 June 2004 - by Eric Toussaint

Eric Toussaint, president of the Committee for the Abolition of the Third World Debt (CADTM), made the following contributions to the debate “ ON TRACK? DERAILED? OTHER VOICES FOR OTHER ROUTES” at the Annual World Bank Conference on Development (...)
Meet the New Head of the IMF - Who Is Rodrigo Rato?

19 June 2004 - by Vicente Navarro

Vicente Navarro is Professor of Public Policy at Johns Hopkins University, USA and Pompeu Fabra University, Spain. He can be reached at: navarro at counterpunch.org Rodrigo Rato has been appointed as the new managing d\irector of the (...)
Greens Furious With World Bank Over Renewable Energy

9 June 2004 - by Jim Lobe

WASHINGTON - International environmental and development groups have denounced as completely inadequate a new World Bank commitment to increase its lending to renewable energy projects in developing countries by 20 percent annually over the next (...)
IMF and World Bank ignore NGOs, new study says

9 June 2004 - by Emad Mekay

WASHINGTON,May 26, 2004(IPS/GIN) — Attempts by civil society groups to influence policies at the World Bank and the International Monetary Fund (IMF) under a controversial consultation programme have been mostly fruitless, a new study says. (...)
Famine in Africa: Unelected and unaccountable

25 May 2004 - by Charlotte Denny

The International Monetary Fund and the World Bank have assumed the role of assisting the poorer nations, but now their policies are being criticised for being unhelpful and out of date Pick up a copy of the local newspaper in most African (...)
IMF critics denounce selection of Rato as new chief

5 May 2004 - by The 50 Years Is Enough Network

WASHINGTON, DC - May 4 2004 - The 50 Years Is Enough Network, a coalition of over 200 U.S. organizations dedicated to the fundamental transformation of the International Monetary Fund (IMF) and the World Bank, issued the following statement (...)
Dogmatic Development: Privatisation and conditionalities in six countries

7 April 2004 - by War on Want, PSIRU

This report looks at how conditionalities and pressures from aid agencies and development banks force developing countries to adopt privatisation policies in public services. It focuses specifically on the sectors of water, electricity, and (...)
The World Bank and IMF at sixty: plus ça change?

7 April 2004 - by Bretton Woods Project

Sixty years after their founding, the World Bank and IMF remain the dominant institutions in development but face determined opposition to their role in shaping globalisation. Bank president James Wolfensohn says that critics should stop “going (...)
We Dream A World: Resisting & Surviving Six Decades of the IMF & World Bank

5 April 2004 - by Soren Ambrose, Njoki Njoroge Njehu

During the 60th anniversary year, we are going to be exposing again the record of the IMF and the World Bank, the institutions which have, at the direction of the wealthiest governments — especially the United States government — created and (...)
Activists Target IMF, World Bank on Their 60^th Birthday

4 April 2004 - by Soren Ambrose

The internet is again buzzing with talk of protest. The targets are many in 2004: the Democratic convention in Boston in July; the Republican convention in New York City in September; the Group of 8 industrialized countries meeting off the coast (...)
Interview with Joseph Stiglitz

The Hospital that makes you sicker

24 March 2004 - by New Internationalist

Developing countries were being told: “There is no debate. There is no other way.” It was intellectually dishonest.