IFIs Latin American Monitor - April, 2006


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


-> World Bank/IMF Spring Meetings - April, 2006
The World Bank/IMF Spring Meetings took place on April 22 and 23 in Washington D.C. As in previous years, a program of Policy Dialogues for accredited CSOs was organized by between April 20-24. Other CSO participants also contributed with this coverage.

-> Inter-American Development Bank Annual Meetings - April, 2006
The Forty-seventh Annual Meeting of the Board of Governors of the Inter-American Development Bank (IADB) took place in Belo Horizonte, Brazil, during April 3th - 5th, 2006. IFIs Monitor participated in the civil society activities.

*** All events on Choike website



-> Latin American countries demand increased participation in the IMF
During the Spring Meetings recently held in Washington, Latin American countries expressed their concern with regards to the role played by the International Monetary Fund (IMF) in the economies of the region. They presented criticism, comments, suggestions and special situations before the International Monetary and Financial Committee through Argentine Economy Minister, Felisa Miceli.
Source: IFIs Latin American Monitor

-> More power for the powerful? IMF wins mandate for "multilateral surveillance"
The news that the IMF has been given the remit to extend its powers from its present bilateral surveillance of individual country economies to a ‘multilateral surveillance’ of the global economy as a whole, is unlikely to be welcomed by anyone hoping for progress towards more democratic and effective world governance.
Source: Jubilee Research

-> International watchdogs work to improve World Bank accountability
Leading civil society advocates for reform of the World Bank detail their responses to World Bank President Paul Wolfowitz’s anti-corruption drive, in a press conference during the Spring Meetings. This topic has made headlines in recent weeks. (pdf format)
Source: Jubilee USA Network

-> The World Bank weeds out corruption: Will it touch the roots?
A series of loan suspensions and internal investigations has everyone at the World Bank talking about corruption; despite high-profile moves by president Paul Wolfowitz, the root causes of corruption - underpaid civil servants, an acceptance of bribery by big business, and dirty money - remain largely unaddressed.
Source: Bretton Woods Project


* Low-down on WB/IMF Spring Meetings 2006
Eurodad highlights some of the major official announcements made at this year’s Bank/Fund Spring Meetings as well as details of other issues on the agenda of the IFIs and civil society organisations.
Source: Eurodad

* Highlights of the World Bank - IMF spring meetings 2006
Unusually for the WB/IMF meetings in Washington, much of the talk this year was focused on what was happening at the Fund. With the managing director's strategic review being considered by the board of governors, many probing questions about the Fund's role and continued relevance were being posed. Having finalised its share of the G8 debt deal, the World Bank's governors were left to discuss the controversial clean energy investment framework, while in the corridors all discussion was about president Wolfowitz's high-profile announcements on corruption.
Source: Bretton Woods Project

* IDB debt cancellation – a pending issue
Social organisations and some political leaders demand the Inter-American Development Bank (IDB) debt cancellation for the poorest Latin American countries. However, upon conclusion of the 47th IDB Annual Meeting, the issue remains pending.
Source: IFIs Latin American Monitor

* The IMF and the recovery of Bolivia’s economic sovereignty
Bolivia has been implementing stabilisation and structural adjustment programes for 20 years. The results of these efforts have not been encouraging at all. A few days ago, the Evo Morales administration decided not to sign a new agreement with the International Monetary Fund (IMF). This goes far beyond issues related to financing needs, as the financial institution intends to make people believe. For the new government it is about recovering the economic sovereignty and thus Bolivia’s dignity.
Source: Fundación Jubileo - Bolivia

* Restructuring, the IDB’s midlife crisis - Time to guarantee modernization or to modernize guarantees?
It is rumored that the new president of the IDB will unveil a bold plan for re-structuring the institution. Insiders report that the plan will “streamline” the loan preparation process, seen by many at the IDB as being too slow and costly. Critics fear that it will remove the few social and environmental safeguards currently employed by the bank, and reduce its capacity to insure sustainable outcomes from its lending.
Source: Bank Information Center


* Statement by Felisa Miceli, Minister of Economy of Argentina at International Monetary and Financial Committee Meeting
Source: IMF

* Comments from delegates of Civil Society Organizations at closing of IDB meeting
Source: IFIs Latin American Monitor

*** All Statements


-> The case for cancelling Inter-American Development Bank debt NOW!
In 2005, following significant public pressure, the G8 announced a plan to cancel US$40bn in debt of 18 of some of the world’s most impoverished nations. While the deal does not go nearly far enough it is significant that for the first time the international community has acknowledged that 100% cancellation of some multilateral debts is urgently needed and can be accomplished. This paper calls for the immediate cancellation of IDB debts owed by the Latin American HIPCs.
Source: Eurodad

*** 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.
*** Visit the special website for IAB Annual Meetings 2006.
*** Visit the special website for IMF-WB Spring Meetings 2006.

-> 50 Years Is Enough Network
50 Years is a coalition of over 200 U.S. grassroots, women's, solidarity, faith-based, policy, social- and economic-justice, youth, labor and development organizations dedicated to the profound transformation of the World Bank and the International Monetary Found.
*** 50 Years organized special activities around the IMF-WB Spring Meetings 2006.

*** 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