July 22nd, 2003
The Role of IFIs
Halifax Initiative Coalition
I may have been asked to give this talk as I, among our Commonwealth colleagues, sit closest to Washington. As there is so much experience in the room in addressing issues of the World Bank and the IMF, I will merely start a list of all the ways that the IFIs are implicated in the relentless drive towards privatization of public assets.
First, I would like to quickly share two contextual comments regarding this push towards privatization. It must be situated within the drive towards the end of history, or the ultimate global supremacy of US-modeled capitalism. This victory was declared at the end of the Cold War. The end of history envisions the role of the state being limited to maintaining law and order and a sound investment climate.
Alburnus Maior - Bankwatch CEE - Friends of the Earth Canada - Greenpeace Canada - NGO Working Group on EDC - Mineral Policy Center - MiningWatch Canada Controversial Romanian gold mine plagued by troubles - Canadian company involved Toronto - June 17, 2003: Gabriel Resources, a Canadian junior mining company that is developing the largest open-pit gold mine in Europe, may have to answer to both public and shareholder scrutiny at its Annual General Meeting (AGM) in Toronto on June 17th.
Terrie O' Leary
Executive Director for Canada
World Bank Group
1818 H St. NW
Washington, DC 20433
June 4, 2000
Dear Ms. O' Leary,
We are writing to express our serious concerns related to a proposed IFC investment, the Niger Delta Contractor Revolving Credit Facility, and to urge you to vote against this project. This project involves IFC and the Shell Petroleum Development Company teaming up to provide credit to Nigerian contractors who are providing services to Shell.
Hon. Pierre Pettigrew
Minister for International Trade
Department of Foreign Affairs and International Trade
125 Sussex Drive
By FAX: 996-8924
Eight pages including this page
Dear Minister Pettigrew,
This letter contains the formal response of the Working Group on the EDC to the Report on the Review of the Export Development Act, conducted by the firm Gowling, Strathy & Henderson.
The Working Group on the EDC is a coalition of Canadian non-governmental organizations concerned about the human and environmental impact of export financing agencies. The Working Group, which is a project of the Halifax Initiative, promotes adherence by export credit agencies, particularly the Export Development Corporation, to internationally accepted standards regarding human rights, environment and sustainable development.