Comité pour l'abolition des dettes illégitimes

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World Bank

High time to free nation of IFIs’ influence

20 December 2009 - by The New Nation (Bangladesh)

Economists at a workshop yesterday said that it was the high time to free the nation from the influence of International Financial Institutions (IFIs) including World Bank and IMF upholding sovereignty in policy making. Suggestions of the (...)
Lahore - Pakistan

Seminar on the topic of “Rising Debt of Pakistan and Role of IFIs” in Lahore on 14 Oct 09

14 October 2009 - by Abdul Khaliq

Reckless borrowing from IMF-a perfect recipe of disaster Speakers at CADTM seminar urge Pakistan to refuse payment of odious debt In connection with Global week of Action (12-18 Oct 09) against debts, Campaign for Abolition of Third World (...)
The grave ecological destruction sponsored by the World Bank

30 July 2009 - by Eric De Ruest, Hélene Baillot

The meeting of IPCC at Paris in the beginning of 2007 had sounded the alarm bell on the gravity of the situation with reference to the climatic imbalance and opened the road to the climate conference at Bali. The governments present at the (...)
The doublespeak of a discredited IMF

12 March 2009 - by Eric Toussaint, Damien Millet

The international crisis that broke in summer 2008 demolished all the neo-liberal dogmas and exposed the deception behind them. Unable to deny their failure, the World Bank and the International Monetary Fund claim they no longer uphold the set (...)
World Bank Involvement in Climate Financing Opposed: Stress Political Participation

16 January 2009 - by EquityBD

Application with 1000 signatures from countries and abroad and 3000 post cards is being sent to Chief Advisor Dr. Fakruddin Ahmed and UK Minister Alexander Douglas Dhaka 21st December 2008. Today through organizing a press conference at (...)
G20: an inconsistent script to be thoroughly rewritten

17 November 2008 - by Eric Toussaint, Damien Millet

The G20 summit that brought together major industrialised and emergent countries in Washington on 15 November 2008 is a dismal failure. The international financial crisis is deep indeed, stock markets lost close to 40% of their capitalisation in (...)
Developing countries: dangerous times for the internal public debt

11 October 2008 - by Eric Toussaint

Since the second half of the 1990s, the internal public debt of the world’s developing countries has increased significantly. This increase is now reaching alarming proportions in a number of middle-income countries. While some very poor (...)
World Bank Tribunal In India: Findings of the Jury

Here is the verdict from the Independent people’s tribunal on the World bank held at Jawaharlal Nehru university.
Financing Emissions From Jets and cows

23 September 2008 - by Robert Goodland

Environmental scientist Robert Goodland , who served the World Bank Group between 1978 and 2001 is credited with authoring some of the Bank’s environmental safeguard policies. He helped create the World Commission on Dams. In an e-mail interview, (...)
International Campaign on Illegitimate Debt

Resolution of solidarity and support for the people of Haiti

Between August 15 and September 7, 2008, the Caribbean was severely hit by four successive hurricanes (Fay, Gustav, Hanna, and Ike) that devastated several regions with disastrous consequences in particular for the peoples of Cuba, the Dominican (...)
The World Bank suddenly discovers 400 more million poverty-ridden people

12 September 2008 - by Eric Toussaint, Damien Millet

The World Bank recently acknowledged significant mistakes in its figures concerning poverty in the world. Indeed, while “the WB’s estimates of poverty are improved thanks to more reliable data on the cost of living”, the outcome is a head-on (...)
Pakistan facing acute solvency crisis

6 September 2008 - by Abdul Khaliq

Pakistan’s sovereign debt is going to be the riskiest. For the week ending Aug 29 2008, Government of Pakistan bonds overtook Argentina’s to be the unsafe for investment, say London financial market indicators. In London, where Credit Default (...)
Odious debt roundtable report

4 August 2008 - by Eurodad

The World Bank and Eurodad have published the outcome report of the recent round-table on odious debt and responsible lending. The round-table represented the first open dialogue on the issue of illegitimate debt between CSOs and the World Bank. (...)
Economist says biofuels have pushed up global food prices by 75%

The Guardian uncovers a ’secret’ World Bank biofuel report

6 July 2008 - by Tom Philpott

In a startling article published July 4, the Guardian reports that in a “secret” study, a World Bank senior economist concluded that the recent explosion in biofuels use has driven global food prices up by 75 percent — a number much higher than (...)
KPK urged to investigate foreign debt management

25 June 2008 - by Koalisi Anti Utang (KAU-Anti Debt Coalition Indonesia)

Jakarta (ANTARA News) - The Anti-Debt Coalition (KAU) on Thursday urged the Corruption Eradication Commission (KPK) to investigate the ways in which the country`s foreign debts are managed. “The KPK is making one step forward now that it begins (...)
Global Famine

1 June 2008 - by Michel Chossudovsky

Humanity is undergoing in the post-Cold War era an economic and social crisis of unprecedented scale leading to the rapid impoverishment of large sectors of the World population. National economies are collapsing, unemployment is rampant. Local (...)
World Bank hosts illegitimate debt roundtable

24 April 2008 - by Jubilee Debt Campaign

After months, and indeed years, of pushing the World Bank to engage with the issue, this week the illegitimate debt campaign moved an important step forward. On Monday the Bank hosted a roundtable discussion at its headquarters in Washington (...)
World Bank and climate funds

The World Bank is holding a key two-day meeting in Washington DC (14-15 April 2008) to move forward plans to establish its proposed portfolio of climate investment funds (CIFs). The Washington meeting is expected to be followed by another (...)
World Bank’s climate funds will undermine global climate action

22 April 2008 - by Celine Tan

The World Bank will be holding a key two-day meeting in Washington DC next week to move forward plans to establish its proposed portfolio of climate investment funds (CIFs) projected at in time for the G8 summit in Japan in July. According to a (...)
Food Price Crisis Draws Attention at IMF/World Bank Meetings

15 April 2008 - by Soren Ambrose

It was easy to predict that the global credit crisis would be a major concern at the IMF/World Bank spring meetings. But while that was true, it was clearly the case that the heads of the two institutions were intent on focusing attention on (...)
The World Bank : A critical Primer

12 March 2008 - by Eric Toussaint

The World Bank is a controversial organisation. It is widely viewed with suspicion, as the international economic arm of the US, in thrall to the President who is responsible for appointing the head of the Bank. Eric Toussaint gives a highly (...)
World Bank: one stop shop for climate chaos, adaptation?

Alter-Eco The World Bank is one of the largest public sources of funds for the fossil-fuel industry. They also are one of the largest public brokers of carbon trades. And now the Bank may help oversee the $50 billion or so that will be needed (...)
Statistical errors of the World Bank in China: 200 million more poor people

12 January 2008 - by Eric Toussaint, Damien Millet

The news was barely noticed by the big non-specialised media: the World Bank admitted in December 2007 that it overestimated the Gross Domestic Product (GDP) of China for a number of years. This is what (...)
CIADI/Telecom Italia: ¡hands off Bolivia!

“Some multinational companies take over our natural resources, privatize basic services, fail to pay taxes and then, when they have no arguments in their defense, they go to the so-called ICSID. And then, in that World Bank tribunal, no country (...)
Green shoots amidst debt chaos

4 December 2007 - by Eric Toussaint

December 2007 As regards North/South relations, we are at present in a situation which is exactly the opposite of the financial crises of the past 25 years. The credit bubble has begun to deflate and is moving towards the developing countries (...)