Recommendations downplay role of public finance and rely too much on private finance.
In this critical time when the economic crisis has pushed over 50 million more people into extreme poverty, this year’s call to action invites activists to come together in support of confronting and solving:
* Climate Justice
* Food Sovereignty
* Poverty Eradication
The continent’s own elites, together with the West and now China, are still making Africans progressively poorer, thanks to the extraction of raw materials.
Justice and rule of law shouldn’t take vacations, especially when champions of the law like Peter Erlinder need our help.
A watchdog group alleges unethical behavior by the World Bank’s “institutional integrity” department.
Civil society proposals to fix the global financial system would benefit ordinary people in impoverished countries and in the United States.
The IMF has introduced reforms with some positive features. But it has not questioned, much less shifted away from, the “market-fundamentalist” orientation it has prescribed and enforced for so long.
At the World Bank, Robert McNamara wreaked as much havoc in countries as he did when head of the Pentagon.
The breach between the Bank’s rhetoric on diversity and its practices means that it barely employs any black American in its professional grades.
Accounts that herald the IMF’s “revival” are premature and superficial.
The Bank’s management tried to stifle an internal report that found that its funds are vulnerable to theft and diversion.
Corruption isn’t just about corrupt leaders and their private stashes. The international financial community is also part of the problem.
Heres the good, the bad, and whats next.
Like an injured German U-Boat, the global economy continues to sink. Columnist Walden Bello asks: Can the G-20 meeting bring it back to the surface before we all perish?
Why the World Bank can’t be the Climate Bank.