Finance Canada

Government of Canada Response to IDA letter - September 28, 2004

SEP 28 2004
 
Mr. John Mihevc Chair
Halifax Initiative Coalition
104-153 Chapel Street
Ottawa, Ontario
KIN 1H5

Dear Mr. Mihevc:

Thank you for your letter in which you raised the issues of International Development Association (IDA) governance, debt relief and the independent review of the World Bank's role in extractive industries. With respect to the latter issue, I understand that my officials have been corresponding with the Halifax Initiative on your concerns.

Letter to the Honourable Ralph Goodale Re: Extension to EIR comment period - July 6, 2004

July 6, 2004

The Honourable Ralph Goodale
Minister of Finance
L'Esplanade Laurier, East Tower, 21st Floor
140 O'Connor Street
Ottawa, Ontario
K1A 0G5

RE: Request for Canada to call for an extension of EIR Comment Period

Dear Minister Goodale,

On June 18, the World Bank Group Management released Draft Management Responses to the World Bank Group Extractive Industries Review, the OED/OEG/OEU Evaluation of Extractive Industries, and the Compliance Advisor/Ombudsman Report. We appreciate that the World Bank Board requested the release of these documents for public comments.

Unfortunately, these drafts were available only in English during almost half of the allotted comment period. Ironically, one of the key recommendations in all three reports is to continue to improve public participation and access to information on various different levels.

Backgrounder: SAPs in Canada (June 2003)

Revised - June 18 2003

Structural Adjustment in Canada
Most Canadians would be surprised to learn that economists from the International Monetary Fund (IMF) annually visit Canada to dispense advice. We tend to think of the IMF as an institution that prescribes strong medicine, known as Structural Adjustment Programs (SAPs), only to less developed countries. In fact our governments regularly follow the same bitter prescriptions.
 
In 1990 Prime Minister Brian Mulroney boldly declared that Canada needed to undergo structural adjustment which he promised to deliver through free trade agreements with the US and Mexico and harsh spending cuts. Little changed when the Liberals came to power. Much of the content of Finance Minister Paul Martin’s crucial 1995 budget that slashed our social safety net followed directives that came straight from the IMF.
 

Letter to Minister Manley Re: Southern Africa food crisis - July 19, 2002

The Honourable John Manley
Minister of Finance House of Commons
Ottawa, K1A 0A6

July 19, 2002

Dear Minister Manley,

Southern Africa is facing its worst food crisis in over a decade, with millions of people facing starvation. The UN World Food Programme has launched an emergency appeal for assistance, and Canada is responding promptly and generously.

As development, human rights, church and environmental organizations, our concern extends beyond the need for emergency aid. We are dismayed to see millions of dollars continue to be taken out of the region by creditors like the World Bank.

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