The global financial crisis: implications for the South
The second half of 2008 saw unfold one of the most significant financial crises in history that started in the United States and then spread to Europe, Asia and the rest of the world. The response was just as historic.
The Bank of the South: An alternative to the IFIs?
The Bank of the South is intended to be an expression of sovereignty and financial independence from the international financial institutions (IFIs) and their policies.
Financing for Development
The Financing for Development process, led by the United Nations, reached a global 'consensus' in the Monterrey Conference (2002). But without political will that opportunity remains in jeopardy.
External debt
In the last two decades, the external debt has been a huge problem that third world countries have to face. This situation has generated a “spiral of poverty” where once inside it, is very difficult for developing countries to get out.
World Bank
The World Bank's main self-proclaimed objective is to eradicate poverty. Yet, evidence suggests that its programmes often harm the poor and the environment.
International Monetary Fund - IMF
The IMF is one of the most powerful international organizations. Its policies change the lives of millions of people in developing countries.
|
