Issue Update - August 31, 2012
The debt edition featuring articles on the re-emerging debt crisis, odious debt, debt distress assessments, export credit agencies and soveriegn debt work-out procedures.
The debt edition featuring articles on the re-emerging debt crisis, odious debt, debt distress assessments, export credit agencies and soveriegn debt work-out procedures.
The candidates being considered for International Monetary Fund’s new boss do not inspire much hope for an institution in need of credibility. Much of the media’s focus has been on the nationality of the candidates rather than on which capabilities are needed to address the IMF’s major challenges: shifting to a more flexible policy orientation and adapting to a changed global economy.
Selecting new IMF boss; CSOs urge UN to move beyond Ruggie; Argentine civil society sues Barrick Gold; Quebec court accepts jurisdiction in case against Anvil Mining.
IMF misses global financial crisis; Colombian government puts breaks on World Bank-financed mine; Wikileaks: Canadian embassy promotes mining industry in Argentina; Guatemalans sue Hudbay.
Submission by the Halifax Initiative and CCIC regarding implementation of the Official Development Assistance Accountability Act.
Victims of Kilwa Massacre Seek Justice in Canada
Congolese nationals have launched a class action law suit in a Montreal court against Canadian mining company, Anvil Mining. At least 73 civilians were killed in 2004 when the Congolese Armed Forces attacked residents in the town of Kilwa. A UN investigation revealed that planes, vehicles, personnel and food controlled by Anvil Mining were used by the army during the attack (see IU Oct. 31, 2008).
Financial Transaction Tax feasible, says report
G8-G20 summits fall flat, ignore call for sustainable future
This month “Fortress Toronto”, with its 18,000 strong security forces and four kilometer chain link fence, bore witness to a Peoples’ Summit ripe with ideas and alternatives, petitions signed by 1.75 million asking leaders to invest in the future now, a 25,000 strong peaceful protest, media stunts galore, some regrettable violence, and two deeply disappointing summits.