2008 Annual Meetings WB - IMF (Washington D.C, October 13) | News and updates
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Two Summits to Focus on Financial Crisisby Thalif DeenUNITED NATIONS, Nov 10 (IPS) - As the financial meltdown continues tospread to the far corners of the globe, over 30 world leaders are scheduled to participate in two key international conferences aimed at seeking short- and long-term solutions to the economic crisis worldwide. The first of these meetings will be a two-day G20 summit in Washington DC beginning Nov. 14 followed by a four-day U.N. conference on Financing for Development (FfD) in Qatar, beginning Nov. 29, which is open to all 192 U.N. member states. | ||
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A global summit to reform the international financial systemby Bretton Woods ProjectOver the summer of 2008 pressure was already building in official circles for a new Bretton Woods-style international conference to restructure the international financial architecture. A Commonwealth summit in June produced a statement calling for such a conference. And the discussions on the draft document for the UN's Financing for Development conference in Doha (slated for December 20008) also have included language calling for such a conference. Finally in early October, the calls were made publicly by leaders of several big European countries, notably France. | ||
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The IMF is back in businessby BICIn the wake of the global financial crisis, the International Monetary Fund (IMF) is scurrying across both developed and developing countries signing new multi-billion dollar loan deals. | ||
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¿Por qué el FMI aumenta la presión sobre los pobres?Señor, | ||
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India refuses World Bank aid to fight climate changeby The Times of India10 Oct 2008 - Nitin Seth NEW DELHI: The World Bank cannot help India fight climate change. Claiming so much, the ministry of environment and forests has rejected the institution's recently created Climate Investment Funds meant to provide resources to developing countries to battle the emerging climate challenge. | ||
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European NGO statement on Bank governance reformby Bretton Woods ProjectTime for change: European civil society open statement on governance reform of the World Bank The World Bank has a mandate to combat poverty and a focus on developing countries, where it often wields enormous power. Yet developing countries have little say in how it is run. Civil society organisations and others have catalogued the Bank's shortcomings in its democracy, transparency, accountability and legitimacy.
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Bangladesh Week Action against IFIsby Ahmed Swapan MahmudPlease join the *Bangladesh Week of Action (12-18 October 2008) against Poverty, Hunger and Unjust Development Paradigm.* VOICE along with other NGOs, CSOs launches a week long campaign against illegitimate debt and IFIs. It includes press conference, public programme, cultural show, seminar, workshop, rally and demonstration, poster and documentary show, capacity building training etc. A culmination programme under the banner of Bangladesh Social Forum will be held on 18th October. Please extend your solidarity. More soon. Regards, Ahmed | ||
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IMF in global 'meltdown' warningby BBC NewsThe world financial system is teetering on the "brink of systemic meltdown", the head of the International Monetary Fund (IMF) has warned in Washington. Dominique Strauss-Kahn said rich nations had so far failed to restore confidence, but he endorsed a new action plan by the G7 group. He also said the IMF was ready to lend to countries in dire need of capital. Mr Strauss-Kahn spoke after talks with US President George W Bush, G7 finance ministers and the World Bank. | ||
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Minister Calls on Venezuelans to Repatriate Their Investments in the U.S.by Tamara Pearson - Venezuelanalysis.comMérida, October 10, 2008 (venezuelanalysis.com)-- As world stock markets tumble, a range of economic experts met in Caracas to discuss alternative solutions to the crisis. Venezuela's Minister for Planning and Development, Haiman El Troudi, highlighted the relative strength of the Venezuelan economy and called for Venezuelan resources invested in the United States to be repatriated. | ||
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Environmentalists criticise World Bank on climate ahead of annual meetingby Elana Schor, from Washington (The Guardian)Ahead of the World Bank annual meeting in Washington this weekend, an alliance of US environmental campaigners today stepped up their criticism of the Bank's proposed funds to combat climate change. The Bank's climate investment funds were unveiled in July, when 10 industrialised nations pledged $6.1bn (£3.5bn) in aid to developing nations to fight the threat of rising global temperatures. | ||
