Contents with tag: Global
As the International Monetary Fund and the World Bank Group (IMF-WBG) hold their 2019 Annual Meetings in Washington D.C. this mid-October, mass mobilisations have thwarted IMF-dictated austerity measures in another part of the Americas, in Ecuador.
The High-level Dialogue (HLD) on Financing for Development, held 26 Sept 2019, was reduced to a mere talk shop promoting private capital.
The 2018 IMF-WB meetings are held ten years since the global financial crisis, withthe IMF-WB continuing to privilege the private sector and so-called business friendly investment climate.
Southern-based civil society organisation (CSO) IBON International joins movements in raising concern on the “tactics of repression” used by the Indonesian government’s police and militia against what the CSO called a “legitimate and justified people’s initiative.”
OceanaGold operations reveal the danger of persisting neoliberal policy norms from which many other transnational corporations benefit.
It is with awareness that some civil society organisations (CSOs) admit that the HLPF is a space that, from its first day, already has limits.
Since 2014, a UN process has been underway towards establishing a treaty that aims to regulate transnational corporations’ (TNCs) activities and hold them accountable for rights violations under international human rights law.
Since 2017, the WBG has been working with its “Cascade” approach, later renamed as “Maximizing Finance for Development” or MFD.
We gave insights from a Southern people’s perspective during a session on Southern countries’ development cooperation, stressing not only the need for genuine people’s participation but also how solidarity, mutual benefit and equality are important principles.
We highlighted the need to ensure people’s rights, especially for marginalised communities, and the people’s ownership of their development path and related processes – with poverty eradication as the essential development outcome.