KANANASKIS G7 SUMMIT ISSUE BRIEFS (June 2002): The World Bank and the IMF: Engines of Neo-Liberal Globalization

The G7 drives the engine of neo-liberal globalization and controls the most powerful institutions of global finance and trade. It is impossible to speak of the impact of the G7 without discussing the impact of the Bretton Woods financial institutions: the World Bank and the International Monetary Fund (IMF).

KANANASKIS G7 SUMMIT ISSUE BRIEFS (June 2002): New Strategies, Old Loan Conditions: The Case of Uganda

A growing chorus of critics from around the world have increasingly questioned the efficacy of World Bank and International Monetary Fund (IMF)-promoted economic policy reforms. As a result, the two institutions renewed vows to fight poverty at their annual meetings in Prague 2000. Uganda is viewed as pivotal to the success of much-publicized efforts to reform the institutions and their policies. Over 41 countries are in the pipeline for the adoption of similar policies, but is Uganda a success?

KANANASKIS G7 SUMMIT ISSUE BRIEFS (June 2002): Privatization – no debt relief for impoverished countries without it

Wealthy countries and the World Bank are forcing the privatization of public services and natural resources in Africa and elsewhere as a condition for development assistance. Impoverished countries are required to turn their public services and natural resources over to private owners. If they want the aid money, they have to sell off their oil, gas, mining, electricity, telecommunications, transportation and water companies. Investors say privitization brings efficiency; opponents say it hurts the poor.

KANANASKIS G7 SUMMIT ISSUE BRIEFS (June 2002): Extractive Industries and the Role of the World Bank

KANANASKIS G7 SUMMIT ISSUE BRIEFS (June 2002): Extractive Industries and the Role of the World Bank
One of the most controversial areas of World Bank involvement is the financing of oil, gas and mining projects in developing nations. This brief describes World Bank involvement in these extractive industries, specifically the devastating effects of these projects on local people and the environment and the solutions put forward by nongovernmental organizations (NGOs) to correct these problems.

Issue Brief: The G7 and Third World Debt (May 2002)

The Problem
The on-going debt crisis of developing countries is integral to the perpetuation of an unjust economic system, one that concentrates wealth and power in the hands of a few. EVERY SINGLE DAY in 1999, $128 million was transferred from the poorest countries to the richest in debt repayments. For every one dollar in aid to developing countries, more than seven dollars comes back to rich countries in the form of debt servicing.