IFIs Latin American Monitor - October, 2005


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

-> World Bank/IMF Annual Meetings - Washington DC., September 2005
IFIs Monitor's team held the World Bank/IMF Annual Meetings and launched a special coverage of the official events, seminars and workshops that NGOs organized around the meetings:

More information in: "The World Bank/IMF 2005 annual meeting in the balance":
As the World Bank and International Monetary Fund (IMF) annual meeting concluded in Washington, the final communiqué agreed that the debts owed by 18 of world's poorest countries to both institutions and to the African Development Bank will be cancelled, bringing an end to the suspense surrounding the issue for nearly three months. However, civil society organizations claim much more needs to be done to agree to full debt cancellation without conditions to other poor countries.
Source: IFIs Latin American Monitor

-> All Choike's "Economy and Financial Affairs" events


-> Living in the IMF’s World
On the same day that tens of thousands of Colombians marched through the streets of Bogotá to protest a proposed free trade agreement with the United States, Anoop Singh, the IMF’s director for Latin America, said that the elections in nine Latin American nations next year are “an important opportunity for continuing with reforms that have already raised growth in the region.” In other words, Singh believes that Latin Americans have an “opportunity” to endorse the IMF-imposed neoliberal model by electing leaders who will continue implementing structural reforms.
Source: Colombia Journal

-> Bolivia: Unconditional debt relief
Bolivia's civil society organisations united in the Platform of Action Against Poverty demand the unconditional debt relief to this country. Bolivia is a beneficiary of the debt cancelation promoted by G8 and approved by IMF and WB, but the conditions of this resolution make it insufficient.
Source: Platform of Action Against Poverty

-> IMF Briefing on Latin America and the Caribbean
The IMF predicted a promising outlook for the region, although it also warned about the risks arising from the volatility in oil prices and a possible cycle of international market imbalances. The region is better prepared now than it was some years ago to face these challenges, although institutional reforms that would provide the framework to attract more and better investments are still pending.
Source: IFIs Latin American Monitor

-> Doing Business in 2006 report: Latin American and Caribbean economies should strengthen the path of reform
Latin American and Caribbean economies are increasing the pace of reform to help small and medium businesses generate more jobs, but most countries in the region continue to face heavy legal burdens on business, according to a new report from the World Bank Group.
Source: IFIs Latin American Monitor

-> The World Bank issues a report on the spending on infrastructure in Latin America
According to the World Bank report, Latin America needs to increase spending on infrastructure in order to prevent being left behind by China and other dynamic Asian economies. To achieve this goal, the authors state that investment is needed from both the public and private sector, but private capitals require the fulfilment of certain conditions.
Source: IFIs Latin American Monitor


* Debt: New challenges
Eric Toussaint's contribution to the International Conference "Resistances and Alternatives to the domination of the debt" focused in changes that have affected the debt of the third world between 1985 and 2005; the example of Argentina; unusual situation illustrates the impasse that the neoliberal model represents for people of the South, and questions for the activists and networks of the South and the North.
Source: CADTM

* The use of international financial markets to fulfil the MDGs: part of the problem or possible solution?
Despite the continued growth of the world economy in the last decades, the distance between the rich and the poor has dramatically increased, and this trend shows no sign of decreasing. In today’s global economy the international financial world has enormous responsibilities with regards to this situation. Many of the projects funded by the World Bank did not help development the recipient countries, but rather brought about heavy negative social and environmental impacts, including an increase in debt and corruption.
Source: Social Watch

* Loosening the leash? The World Bank conditionality review
World Bank conditionality is more important now, than ever before. This is because it is highly likely that a significant amount of the new aid that was agreed at the G8 summit will be delivered through the World Bank and as such, will be subject to its conditionality practices. Eurodad analizes the key findings and recommendations of the review and some suggested policy recommendations that NGOs should be calling for.
Source: Eurodad

* Parliamentary initiative on controlling IFIs, the Brazilian case
Brazilian legislators are developing an intense agenda aimed at increasing parliamentary control over IFIs. Until now, four petitions were put forward, among them a proposal for constitutional reform to include popular referenda prior to the approval of agreements with IFIs.
Source: IFIs Latin American Monitor


* The G-20 statement on reforming the Bretton Woods Institutions - China
Source: G20

* Development Committee Communiqué, 2005 Annual Meetings
Source: IMF

* Declaration of Havana, II South-North Consultation "Resistence and Alternatives to Debt Domination"
Source: Jubilee South

* Debt victory for some but billions left out
Source: Christian Aid

*** All Statements


-> International Parliamentarians’ Petition for democratic oversight of the IMF and World Bank
Representatives from parliaments and civil society organisations carry on a global campaign which purpose is that national parliaments in nations that are receiving loans from international financial institutions, have the right and obligation to be fully involved in the development and scrutiny of all measures affecting them, also holding the final power of ratification.
Source: IFIs Latin American Monitor

*** All Campaigns
6. Special websites

-> 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.

-> Bretton Woods Project
The Bretton Woods Project works as a networker, information provider, media informant and watchdog to scrutinise and influence the World Bank and International Monetary Fund (IMF). It monitors projects, policy reforms and the overall management of the Bretton Woods institutions with special emphasis on environmental and social concerns.

*** 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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