Contents with tag: IMF-World Bank
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 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.
The WBG's talk on the role of the as a “broker” between investors and developing countries has been more clearly articulated recently as “Maximising Finance for Development,” or the MFD approach.
IBON International joins movements in denouncing Bali authorities' moves to prevent a people’s conference to be held parallel to the Annual Meetings of the International Monetary Fund-World Bank.
There is a need to assert – especially in Southern countries – that national development strategies should be owned and led by the people.
Despite today’s rising concerns on the inequalities linked to the further consolidation of corporate power, the Maximising Finance for Development threatens to precisely entrench corporations’ hold – within the development agenda.
The International Monetary Fund (IMF) and what came to be later known as the World Bank Group (WBG) were established in the 1944 Bretton Woods Conference held at the United States (US).