IFIs Latin American Monitor - November-December, 2009


-> 1. RSS Feed
-> 2. Events: WSF, UN climate conference, WB/IMF Annual Meetings
-> 3. Information resources: Basic Capabilities Index 2009
-> 4. News: Seminar-workshop in Montevideo, Bolivian deputies recommend to set up an external debt audit commission, Latin American CSOs and the EIB.
-> 5. Reports: Why should the global reserve system be reformed?, Gender, the IFIs and Debt.
-> 6. Statements: Solidarity and respect for popular sovereignty: Haiti is calling

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->World Social Forum 2010
Celebrating its tenth year of existence, the World Social Forum will take place in 2010 in a decentralized manner, starting with a great event in the Greater Porto Alegre (Brazil), where it was born.

->UN climate conference – Copenhagen, December 2009
There was much talk about the 2009 climate change meeting that took place 7-18 December 2009 in Copenhagen, but what has really been achieved?

->World Bank/IMF Annual Meetings - Istanbul, October 6-7, 2009
The 2009 World Bank/IMF Annual Meetings took place on October 6-7, 2009, at the Istanbul Congress Center in Istanbul, Turkey. This year the attention was focused on economic and financial crisis and governance reform, among others hot issues.


->Basic Capabilities Index 2009: no progress in the global fight against poverty
The countries and regions of the world are becoming increasingly polarised in spite of their international commitments to fight poverty. This is what emerges from the 2009 Basic Capabilities Index (BCI) published by Social Watch.
Source: Social Watch


->"Economic crisis, finance and development: Views and proposals from Latin America and the Caribbean"
By end-2009, it seemed necessary to take stock of the political and economic situation and of the different processes in which civil society has been actively involved, in order to provide input for debate and coordinate efforts for the construction of a new economic and financial model. For this purpose, a seminar-workshop was carried out on December 10 and 11 2009, within the framework of the MERCOSUR Summit of Presidents held in Montevideo, Uruguay, on December 8.
Source: IFIs Latin American Monitor

->Bolivian deputies recommend to set up an external debt audit commission
Last December 30, by a majority vote of deputies, the Lower House of the Bolivian Parliament approved a resolution to recommend the Pluri-National Legislative Assembly taking office on January 6 2010, the setting up of a special commission to audit Bolivia’s external debt. The decision is part of a process having the participation of members of parliament as well as of civil society organisations and institutions – the Jubilee Foundation among them – in association with national and international networks.
Source: Fundación Jubileo Bolivia

->How to challenge illegitimate debt
On 11th November, Swiss NGO Aktion Finanzplatz Schweiz launched a new book with legal case studies on illegitimate debt at the 7th UNCTAD Debt Management Conference in Geneva. The book will strengthen NGO campaigns by providing them with legal knowhow. Further, it offers useful legal arguments for initiatives by countries in the South who wish to assess and cancel illegitimate debts.
Source: CADTM

->"The European Investment Bank - ready for development?"
Last November 18 and 19, representatives of Latin American social organisations monitoring the activity of the European Investment Bank in the region participated in the seminar “The European Investment Bank - ready for development?” held in Brussels and organised by the European coalition Counter Balance. During the event, Latin American organisations presented the results of their investigations and demanded greater accountability from the Bank.
Source: IFIs Latin American Monitor

->The failure of a paradigm but... has anything really changed? (I), by Lidy Nacpil (Jubilee South)
The Put People First G20 Counter Conference was one of two alternative G20 conferences held simultaneously in London and St Andrews on November 7th 2009 to coincide with the G20 finance ministers meeting on 7th-8th November. Over three plenary sessions academics, activists, campaigners, unions and policy makers debated alternative policies to promote jobs, justice and a safe climate. Lidy Nacpil, from Jubilee South, participated in the first pannel, called "The failure of a paradigm but... has anything really changed?" and talked about climate debt.
Source: IFIs Latin American Monitor


->Why should the global reserve system be reformed?
The current global reserve system based on a fiduciary dollar has fundamental flaws and must be reformed. There are essentially three alternatives to reform the current system. The first is to let it evolve into a multi-currency arrangement. The second is to gradually move into a system based on a truly global reserve asset. The third is to create a new institution that would issue a global currency and serve as bank of the world’s central banks. (pdf format)
Author: José Antonio Ocampo
Source: Friedrich Ebert Stiftung (FES)

->Gender Action Link: Gender, the IFIs and Debt
This publication highlights how International Financial Institution debt exacerbates the feminization of poverty and undermines gender equality. The Link specifically examines typical gender impacts of IFI loan conditions on female workers such as an increase in the amount of care-work for women and the exclusion of poor women and girls from essential health services. (pdf format)
Source: Gender Action

->After the Istanbul Meetings: Has the IMF changed? If so, how relevant is that change?
The 2009 annual meetings of the Bretton Woods Institutions were convened in Istanbul in early October on the heels of the G-20 gathering in Pittsburgh a week earlier. From the point of view of the IMF, in particular, these events as well as the London Summit in April 2009 were historically important. Just before the eruption of the 2007/2008 global crisis the IMF was largely irrelevant. But now, having achieved a status as "lender of the last resort" for the much of the world, the IMF laims not only expertise but also a dominant role in the global economy. (pdf format)
Source: networksideas.org

->The global environment
International economic policy and the Mexican actions in the sphere of international development cooperation are two issues that have multiple shortcomings and should be addressed without delay. Mexico’s presence in multilateral forums is increasingly faint and less relevant. If these two unfortunate trends are not reversed, Mexico will not be able to make its voice heard and really defend its interests in the reconfiguration process of international economic power. These issues were discussed by a panel of 17 experts who presented the document “Mexico and the crisis: towards a new course of development.”
Source: La Jornada - México


->Solidarity and respect for popular sovereignty: Haiti is calling
Jubilee South/Americas

->"System change – not climate change" A People’s Declaration from Klimaforum09


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