IFIs Latin American Monitor - November, 2005


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


-> Nicaragua: the IMF puts pressure to raise electricity tariffs
The IMF insists on prescribing a 25 per cent rise in electricity tariffs to Nicaragua, in spite of oil price fluctuations in the international market and the high social and political cost of implementing such measure. This demand is included within the package of laws the IMF requires Nicaragua to approve as a condition to remain on track with credit programmes.
Source: IFIs Latin American Monitor

-> In Paraguay physicians demand to stop paying 20% of the external debt
While the Executive Power is negotiating a new Stand-By agreement with the International Monetary Fund, the National Federation of Health Workers proposes to stop paying 20% of the external debt to be invested on health. According to the Federation “priority should be given to the social debt rather than to external commitments”.
Source: IFIs Latin American Monitor

-> The IMF completed the first review of Uruguay’s Stand-By arrangement and promotes the reform of its tax system
The IMF mission completed the first review of the Stand-By arrangement with Uruguay, highlighting achievements and pointing out risks related to the country’s economic performance. In an official press release, the institution announced the modification of deadlines for implementing a tax reform, and some days later sent a technical mission to study the project.
Source: IFIs Latin American Monitor

-> Bolivian NGOs demand participation at the next Consultive Group Meeting
Bolivian civil society organizations make preparations for the 16th Consultive Group Meeting for Bolivia (Paris, 2006). This event is of crucial importance given the current outlook and profound changes demanded by civil society. Therefore, the estructural problems affecting the country should be put forward in an objective and transparent way.
Source: Acción Internacional para la Salud


* Who owes who? : External financing in Lula’s administration
The Lula administration has maintained the subordination and dependency of Brazil in relation to Multilateral Financial Institutions and their policies. In addition, the current government policies are focused on poverty reduction, taking as a strategy a development model which is incompatible with socioenvironmental sustainability. However, several social programmes within the Lula administration are granted external financing. This means that these social programmes are related to the conditions imposed by the MFIs. (pdf format)
Source: Rede Brasil

* The debt burden: Is an end in sight?
Large amounts of foreign debt act as an albatross around the collective necks of many low and middle-income countries in the Global South. Funds that nations could be allocating to social expenditures such as education, health care, water, and sanitation are instead being diverted to repay foreign debt. The burden of high debt levels is also exacerbated at times by the intensity and intrusiveness of conditions attached to loans. Although the G-8 debt plan is a step in the right direction, efforts to relieve poor countries’ debt burdens remain insufficient. (pdf format)
Source: Bank Information Center

* Most part of Latin American budgets are conditioned upon debt payment
Upon setting 2006 budgets, Latin American governments have been allocating a significant part of resources to debt service payments. This effort, aimed at gradually diminishing the debt burden on the economy, is being made within a context of significant economic recovery. However, not only does this strategy compromise the distribution of resources towards other crucial areas for the development of these countries, but debt rates continue to be very high. Colombia, Venezuela, Panama, Mexico and El Salvador are some examples of that which is taking place in the region.
Source: IFIs Latin American Monitor

* Key issues to address in IFC safeguard review process
As IFC nears the final stages of its safeguard policy revision process, it is essential that Governments and Board Members actively encourage IFC to make further improvements to its Disclosure Policy, Sustainability Policy and Performance Standards during the public comment period. This document endorsed by over 30 civil society organizations was delivered to the IFC Board of Directors on November 3, 2005. (pdf format)
Source: Global Rights, Rules and Responsabilities


* Joint statement on the Doha Round by the heads of the IMF and World Bank
Source: IMF - IPS

* The G-20 statement on reforming the Bretton Woods Institutions - China (pdf format)
Source: g20

*** All Statements


-> International demand against World Bank for the uruguayan pulp and paper mill industries
Local residents on both sides of the natural border between Argentina and Uruguay fear paper pulp production will cause grave environmental degradation, health risks and undermine local economic activity. Nearly 40,000 signatures were presented in support of the complaint filed to the IFC’s CAO and the Inter-American Human Rights tribunal.
Source: CEDHA

-> 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

5. Special websites

-> Jubilee Research
Jubilee Research is part of the Global and National Economics (GNE) programme at nef (the New Economics Foundation, London). Jubilee Research seeks to bring these various proposals together into a coherent overall programme through an extensive process of consultation with Northern and Southern civil society groups. It is committed to challenging the present economic system.

-> Rede Brasil
Rede Brasil is a network of non-profit civil society organizations. It is non partisan and public oriented. Rede was established in 1995 and joins 64 member organizations that have the common goal of monitoring and intervening in issues that relate to international financial institutions.

*** 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
This area of Choike is possible thanks to the Mott Foundation
Choike is a project of the Third World Institute
www.choike.org | Contact | Phone / Fax: +598 (2) 902-0490 | 18 de julio 1077/902, Montevideo URUGUAY