IFIs Latin American Monitor - August, 2006


-> 1. Special coverage
-> 2. News
-> 3. Reports
-> 4. Statements
-> 5. Campaigns
-> 6. Special websites


-> IMF/World Bank Annual Meetings
The IMF/World Bank Annual Meetings and related events will take place in Singapore from September 14-20, 2006. In the spirit of resistance to neoliberal policies and in keeping with the history of people’s struggles worldwide against economic domination, Asian movements together with an international group of networks, movements, campaigns and NGOs will be convening an International Peoples Forum vs the IMF and the World Bank on September 15 to 17 in Batam, Indonesia.


-> MERCOSUR prepares IMF reform proposal
While the International Monetary Fund analyses reform proposals in Washington ahead of its Annual Meeting in Singapore, MERCOSUR countries coordinate a joint position to be put forward at the Assembly. Governments are already aware of the resistance brought about by their proposals.
Source: IFIs Latin American Monitor

-> Norway could cancel illegitimate debt and apologize
On the 6th of October Norway could write development history by canceling debts on reasons of illegitimacy, but sustained pressure in the coming weeks will be crucial. Civil society from across the World is writing letters to Development Minister Erik Solheim as budget negotiations in Norway continues.
Source: SLUG

-> Are World Bank’s lending commitments reaching a new record?
The World Bank has recently released the figures of lending commitments undertaken during the last fiscal year that ended on 30 June. According to the information released, the Bank’s commitments increased by 1.3 billion dollars if compared to the 2005 financial year. However, these figures do not necessarily imply an advance in terms of poverty reduction and access to basic services in those countries where the Bank is active.
Source: IFIs Latin American Monitor

-> The IMF in Nicaragua: aprove reforms or get out of the economic program
Concerns about the consequences that would cause Nicaragua to fall "off-track" from its economic programme with the International Monetary Fund (IMF), led the Minister of Finance and Public Credit (MHCP), Mario Flores, to make a new call for deputies of the National Assembly to approve two legal reforms that are necessary in order to prevent this from taking place. Economist Adolfo Acevedo explained to us the point of these reforms and of the IMF’s presence in Nicaragua.
Source: IFIs Latin American Monitor


* The World Bank’s strategy on governance and anticorruption, a civil society perspective
This paper is intended to contribute to the debate on the World Bank’s new Governance and Anticorruption Strategy. CIDSE calls on Bank management, staff and shareholders to rethink the Bank’s role in supporting better governance. Every element of its Governance and Anticorruption Strategy should be tested against the following principle: will it enhance or reduce the capacity of the poorest and most marginalized people to hold the government effectively to account for the use of public resources and political power?
Source: CIDSE

* Bolivia update on debt issue
The debt issue is also very much on the agenda of the new Bolivian Government. Despite the fact that the World Bank office in Bolivia insists that the new government has no real plan as to how to tackle and manage the debt issue, the Government Ministries officials are all perfectly aware of some of the serious debt difficulties that continue to plague the country. Gail Hurley from the Eurodad Secretariat has been in Bolivia for the last three weeks, working with Fundación Jubileo on debt-related issues and these are her reflections. (pdf format)
Source: Eurodad

* How debt and the Washington Consensus destroy development and create poverty
According to most received wisdom, globalisation is not merely here to stay: it is good for everyone, whoever you may be, wherever you may live. However, "globalisation" is another name for late-twentieth/twenty-first century capitalism, qualitatively different from previous incarnations. When used in connexion with developing countries, globalisation is also synonymous with the various elements of the Washington Consensus. Mountains of evidence are available showing that "structurally adjusted" countries have been sufered its consequences.
Source: Transnational Institute

* Cut the strings: Why there must be an end to damaging conditions attached to debt relief
Debt cancellation comes with harmful strings attached. The world’s poorest countries are told they must open up their markets, cut vital public spending, and privatise basic services if they are to get any debt relief. If governments don’t comply, cancellation is delayed or withheld. If they do – often against the wishes of their people and their parliaments – it is all too often disastrous. The strings attached to debt relief have benefited countries and companies in the North, but frequently they strangle the poorest.
Source: Jubilee Debt Campaign


* NGO letters to World Bank on governance and anti-corruption framework
Source: Eurodad

*** All Statements


-> September 10th: Calls for mobilisations against neoliberalism all around the world
In September 2006, La Via Campesina celebrates the third anniversary of Lee Kyan Hae’s self immolation by organising protests and mobilisations against the World Bank and the IMF annual meetings in Singapore.
Source: Via Campesina

-> The IMF: Shrink it or sink it - A consensus declaration and strategy paper
The current moment, when the IMF is most vulnerable owing to its triple crisis, is the most opportune time to launch a campaign to disempower it-to "shrink," if not decommission it.
Sign on the statement!
Source: Focus on the Global South

-> Call for global action against IFIs
At the 2nd South - North International Consultation on Resistance and Alternatives to Debt Domination, representatives of movements and organizations from more than 50 countries agreed on four joint initiatives for the coming years. One of these is the Call for International Actions Against the IFIs in 2006.
Source: CADTM

*** All Campaigns


-> IFIwatchnet
The IFI Watchers Network connects organisations worldwide which are monitoring international financial institutions (IFIs) such as the World Bank, the IMF, and regional development banks.

* IFIwatchnet will once again host a blog during IMF/WB Annual Meetings in Singapore providing interesting and informal observations and reactions to the meetings.

*** NGOs directory


-> Apply for a site to be included in the CHOIKE directory:

-> Use our search engine to find information in the civil society web sites

IFIs Latin American Monitor welcomes suggestions of research reports, campaign actions, etc to announce on this list. Please send brief summaries of long texts, and links to where they are available on-line.

We would like to receive your feedback, comments, queries and contributions at: ifis@item.org.uy

IFIs Latin American Monitor

  IFIs Latin American Monitor
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