The World Bank, the IMF and FTAA
Halifax Initiative Statement on the FTAA

Halifax Initiative Objectives for the World Bank

TO begin a transition from its role in financing conventional power loans to a new role in financing sustainable energy technologies the World Bank should :

CHANGE ENERGY POLICY:

1. Institute a Moratorium on Lending or Guarantees for any project that involves new exploration for fossil fuel reserves in natural forests, pristine and frontier areas.

2. Phase Out Lending and Guarantees for any World Bank project that involves coal and oil extraction.

3. Institute a Moratorium on Lending and Guarantees for fossil fuel power projects pending :

Evaluations of all current and future power projects in full consultation with the communities most affected by the project, respecting the right of the local populations to decline a project which may adversely impact them;

THE WORLD BANK, BY CREATING THE PCF NOW, IS ACTING UNDEMOCRATICALLY AND IT MUST WAIT FOR A DECISION BY THE CONFERENCE OF PARTIES OF THE KYOTO PROTOCOL.

A. Initial Questions

1. How can the World Bank Group recognize the need to reduce greenhouse gas emissions and promote the development of a Prototype Carbon Fund without addressing the fundamental problem?

TABLE OF CONTENTS
Submission

Appendix A

Click here for pdf

 Mr. Marcel Massé

Marcel Massé

Executive Director

April 14, 2003

“Addressing Unsustainable and Illegitimate Debt—Strategic Options for Civil Society”

December 12, 2002

Mr. James Wolfensohn
President
The World Bank Group
1818 H Street, N.W.
Washington, DC 20433 U.S.A.

Dear Mr. Wolfensohn,

We are writing to express dismay at the recent Compliance Advisor/Ombudsman report on the MIGA guarantee of the Bulyanhulu gold mine and to request your urgent intervention.

The CAO is a mechanism that non-governmental organizations have pushed hard to establish. Your personal support for the initiative played a major role in ensuring that the CAO was established. As all parties have observed, the CAO's effectiveness rests on the respect and trust it enjoys amongst the public: integrity, transparency, even¬handedness and thoroughness are thus critical to all aspects of its work.

Submission to the International Development Committee, House of Commons