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Newswire on the IFIs
- At sustainability congress, dam builder bars civil society from dialogue
- Austerity a moral issue as it inflicts millions
- World Bank compliance arm assessing fresh complaint against Vizhinjam port
- With Inga dams, donors set to repeat past failures
- Bangladesh exposes flaws in World Bank's Doing Business Index
- Poverty should not be entrusted to economists
Bretton Woods Institutions
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The World Bank Boycott is an international campaign that demands an end to socially and environmentally destructive World Bank policies and projects through grassroots financial and political power. The campaign targets a key source of World Bank finance, international bond sales. The Bank receives most of its resources to finance lending to over 100 developing countries from the sale of World Bank bonds on private capital markets. Bonds are bought by governments, universities, mutual funds, pension funds, trade unions, life insurance companies, churches, and civic groups. Employing the tactics of the anti-apartheid movement, ordinary people are organising locally to boycott these bonds, effectively threatening the Bank’s primary source of funding. |
The UN Working Group on Business and Human Rights held its first forum on December 4 and 5 in Geneva. The Halifax Initiative spoke at the forum on a panel concerning public financial institutions and human rights. ECA-Watch, CIEL and BankTrack disseminated the attached document at the forum containing analysis and recommendations regarding financial institutons and human rights.
This month we examine 'odious investment' - Mongolia Undermined; (Mis)Investment in Agriculture; More than Bricks and Mortar; and the Canada Pension Plan Investment Board.
The debt edition featuring articles on the re-emerging debt crisis, odious debt, debt distress assessments, export credit agencies and soveriegn debt work-out procedures.
Presentation concerning the role of the private sector in international development with a focus on new CIDA programming in support of the extractive sector.
Energy poverty, climate change and the World Bank; Durban postmortem.
Canadian mining interests in countries around the world are valued at tens of billions of dollars. Karyn Keenan looks at efforts by local communities to hold mining companies to account for human rights abuses. 'The issue of access to remedy for the victims of corporate abuse requires urgent attention,' she writes.
Keenan describes recent efforts by non-nationals who are affected by Canadian mining companies to seek redress through the Canadian justice system.
See full article in Pambazuka News.
See Spanish version.
The candidates being considered for International Monetary Fund’s new boss do not inspire much hope for an institution in need of credibility. Much of the media’s focus has been on the nationality of the candidates rather than on which capabilities are needed to address the IMF’s major challenges: shifting to a more flexible policy orientation and adapting to a changed global economy.
Selecting new IMF boss; CSOs urge UN to move beyond Ruggie; Argentine civil society sues Barrick Gold; Quebec court accepts jurisdiction in case against Anvil Mining.
IMF misses global financial crisis; Colombian government puts breaks on World Bank-financed mine; Wikileaks: Canadian embassy promotes mining industry in Argentina; Guatemalans sue Hudbay.
