Comité pour l'abolition des dettes illégitimes

Soutenez-nous

World Bank

The descent into savagery

7 May 2014 - by Aminata Dramane Traoré

Preface of the book “The Life and Crimes of an Exemplary Man” The descent into savagery continues throughout the world with its attendant human suffering, blood, and tears. Impoverished and starving people who storm the streets do sometimes (...)
Debt is back: World Bank report unveils trend reversal for developing countries

28 February 2014 - by Bodo Ellmers

The World Bank’s 2014 International Debt Statistics report, released on February 12, unveiled a worrying new trend. In 2012, the last year covered by the report, all relevant debt indicators worsened – reversing the essentially uninterrupted trend (...)
The Life and Times of Jacques de Groote

17 December 2013 - by Eric Toussaint

Jacques de Groote, the former Executive Director to the IMF (1973-1994) and World Bank (1975-1991) for Belgium, was condemned in October 2013 by Swiss courts in an affair concerning the fraudulent privatisation of the principal coal mine in the (...)
Conflict of Interest: World Bank to Rewrite Haiti Mining Law, while Invested in Mining in Haiti, through the IFC

20 November 2013 - by Mining Awareness

The International Finance Corporation (IFC), the investment wing of the World Bank, has invested in Eurasian Minerals, partner to Newmont Mining in Haiti. As of the end of 2012, the IFC owns 7.1% of Eurasian Minerals stock (see Eurasian (...)
Press release

Over Hundred Organisations Demand World Bank Withdrawal from Tata Mundra

4 November 2013 - by National Alliance of People’s Movements

Over a hundred prominent organisations expressed shock over World Bank President Dr. Jim Kim’s inaction on the audit report on Tata Mundra Power Project in Gujarat, condemned it and demanded International Finance Corporation’s (IFC) withdrawal (...)
Eric Toussaint – a courageous whistleblower

15 October 2013 - by Jean Ziegler

This text is the postface of Eric Toussaint’s book, Procès d’un homme exemplaire (The Trial of an Exemplary Man), Al Dante, Marseille, 2013. In our Europe with its uniform conscience, wishy-washy consensus, and triumphant State-imposed logic, (...)
Millennium Development Goals

The Failure of the Debt System

10 October 2013 - by Eric Toussaint, Daniel Munevar

As the World Bank and the International Monetary Fund hold their annual meeting in Washington 11-13th October 2013 it is necessary to take a look at the state of the Millennium Development Goals (MDG). The history of economic development is (...)
The IMF and the World Bank: It’s time to replace them

4 October 2013 - by Eric Toussaint

In 2014, the World Bank and the IMF will turn 70, and in October 2013, they will hold their usual annual meeting in Washington. Many organisations, including the CADTM, are joining together to call for a worldwide week of action against (...)
New developments in the trial against an emblematic IMF and WB figure

25 July 2013 - by Eric Toussaint

In early July 2013, the office of the attorney general of Switzerland (MPC) sought a two-year suspended prison sentence and a 162,000 euro fine (200,000 Swiss francs) against Jacques de Groote, former Executive Director for Belgium of the (...)
ICSID and Latin America : criticisms. Withdrawals and regional alternatives

4 July 2013 - by Nicolas Boeglin

The International Centre for Settlement of Investment Disputes (ICSID) between investors and states was established in 1965 with the adoption of the Washington Convention, establishing a specific arbitration mechanism under the auspices of World (...)
An emblematic IMF and World Bank Personality Dragged Into Court

20 June 2013 - by Eric Toussaint

Jacques de Groote, ex-Executive Director of the IMF (1973-1994) and the World Bank (1975-1991) for Belgium is under accusation by Swiss justice. According to the Geneva daily Le Temps, he is standing trial in the Swiss town of Bellinzona in (...)
IMF and World Bank hold their Spring Meetings making gloomy days for development

6 May 2013 - by Jeroen Kwakkenbos, Bodo Ellmers

The Spring Meetings of the International Monetary Fund (IMF) and the World Bank just ended in Washington DC and brought little promise of sunny days ahead for development.
The World Bank must be held responsible

18 December 2012 - by Eric Toussaint

This is the preface to the upcoming Japanese edition of Eric Toussaint’s book The World Bank: A Critical Primer (Pluto Press, London). The book was originally published in French in 2006. There are two English editions, one by Pluto Press in (...)
Video

Global Noise Demo in Tokyo against IMF and World Bank

15 October 2012 - by Globalnoise

Protesters march with a banner after a rally against the annual meetings of the IMF and the World Bank Group in Tokyo October 13, 2012. On Saturday about 300 hundred demonstrators, some waving wads of fake note bills and dressed in grotesque (...)
Can a Nigerian squeeze the poor for the World Bank?

19 April 2012 - by Patrick Bond

In coming days, the World Bank will have a new president. Smart money backs Barack Obama’s choice: Dartmouth College president Jim Yong Kim. But two weeks ago, Nigerian Finance Minister Ngozi Okonjo-Iweala was endorsed by her Pretoria (...)
Why Jim Kim should consider resigning as World Bank president-designate

19 April 2012 - by Patrick Bond

Recall, Barack Obama entered a US presidency suffering institutional crisis and faced an immediate fork in the road: make the changes he promised, or sell out his constituents’ interests by bailing out Wall Street and legitimizing a renewed (...)
Auditors find World Bank skipped policy steps in approving huge South African coal plant

World Bank screwed up on Eskom coal loan: big ooooops, bad timing!

5 December 2011 - by Lisa Friedman

The World Bank failed to follow several of its own policies when it approved a $3.75 billion loan for the South African utility Eskom to build one of the world’s biggest coal plants, an independent audit obtained by ClimateWire found. The (...)
As Debt Talks Crescendo, Let’s Not Give the World Bank a Free Ride

9 August 2011 - by Michelle Chan

With all this talk of budget deficits and cutting programs for those in need (while unjustly keeping in place tax breaks for corporations and the wealthy), you would think that the Obama administration and Congress would want to make sure that (...)
Cancun Declaration

Cancun Declaration We, peoples’ organizations from throughout the global South, representing a diversity of networks in Africa, Asia, the Pacific, Latin America, and the Caribbean, convened in Cancun, Mexico, for the South-South Summit on (...)
Open Letter to the Governments Meeting at the 16^th COP of the United Nations Framework Convention on Climate Change (UNFCCC) in Cancun

People and communities throughout the global South need hundreds of billions of dollars each year to deal with the impacts of climate change, build resiliency and adopt alternative development pathways. The cost of compensation for past, (...)
What Kind of Palestinian State in 2011? Neoliberalism and World Bank Diktats

14 November 2010 - by Rafeef Ziadah

In December 2007, the Palestinian National Authority (PA), in close consultation with donor states and institutions like the International Monetary Fund (IMF) and World Bank, proposed the Palestinian Reform and Development Plan (PRDP), a program (...)
Statement

World Bank out of Climate!

The World Bank, together with the other International Financial Institutions, has been instrumental since its inception in promoting the interests of the global North, the transnational corporations, financial and political elites: the very same (...)
Is Africa still being looted? A debate dodging World Bank schizophrenia

27 August 2010 - by Patrick Bond

The continent’s own elites, the West and now China are still making Africans progressively poorer, thanks to the extraction of raw materials. Reinvestment is negligible and the prices, royalties and taxes paid are inadequate to compensate the (...)
World Bank’s immunity: A legal landmark

Please find the editorial from New Age 14th June, you all know the movement against blanket immunity to the World Bank, in fact it was originated from a case lodged by one of the World Bank employee, she won the case. World Bank was presserizing (...)
South Africans say no to Eskom’s R29 billion World Bank Loan

Communities, environmental groups, academics and NGOs today call on the World Bank to cease and desist from a proposed loan of R29 billion ($3.75 bn) to Eskom. If this loan – which may come up for a Board vote in March or April – goes through, (...)