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26 years 7 months ago. IFI policies and positions. Read more ...
27 years 1 week ago. . Factsheet
Structural adjustment programmes (SAPs), were originally designed to stabilize developing country economies. Instead, they have imposed harsh economic measures which deepen poverty, undermine food security and self-reliance and lead to unsustainable resource exploitation, massive environmental destruction, and population dislocation and displacement. Given the mounting evidence, Northern countries must reconsider the appropriateness of using their lending and aid programmes to support the structural adjustment regimes of the World Bank and IMF.
What are SAPs?
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27 years 1 month ago. . Thursday, October 16, 1997 Read more ...
27 years 1 month ago. IFI accountability.
Click below for Final Report (PDF files) Read more ...
27 years 2 months ago. . COALITION RELEASES REPORT CARD
CRITICAL OF FOLLOW-UP ON G7 PROMISES
MEDIA RELEASE
GROUPS AROUND WORLD SAY "NO" TO DEBT
For immediate release - September 22, 1997
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27 years 6 months ago. . The consequences of the World Bank's fossil fuel expansion in the global South are proving devastating for the Earth's climate as greenhouse gases generated in mining and burning of fossil fuels are released into the Earth's atmosphere.
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27 years 6 months ago. .
Root causes of third world poverty, social injustice and environmental degradation are not beyond our understanding!
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28 years 1 month ago. . Multilateral debt initiative, a cruel hoax!
For Release: October 2, 1996 Read more ...
28 years 2 months ago. IFI policies and positions. Time is running out for international efforts to resolve the debt crisis
For Release: September 9, 1996
Time is running out for international efforts to resolve the debt crisis facing the poorest countries. At the end of September, Finance Ministers from around the world will gather at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank in hopes of finalizing a plan for debt reduction. At this late date, however, many key issues remain unresolved and the entire initiative could yet collapse.
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28 years 6 months ago. Government of Canada policies and positions. Introduction
The International Monetary Fund and the World Bank have proposed a framework of action to assist in resolving the debt problems of heavily indebted poor countries. In the current formulation of this framework, replenishment of the Enhanced Structural Adjustment Facility (ESAF) has been presented as the centrepiece of the IMF contribution.
The IMF role was described in the brief prepared by IMF and World Bank staff for the April 23, 1996 meeting of the Development Committee:
"The IMF would also be expected to take action that would reduce the present value of its claims on a country, consistent with broad and equitable participation in the framework of this initiative. Various possibilities involving support under the ESAF which might achieve this objective are currently under examination."
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