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IMF, World Bank & Trade

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The failure of the IMF, World Bank and WTO to represent and further the interests of the developing world, through their one-size-fits-all approach, has lead to the collapse of trade negations, widespread criticism of their effectiveness, and bitter international protest. Many countries are rejecting the neoliberal ideologies of the ‘unholy trinity’ with intensifying calls for their reform or decommissioning.

Latest Articles

10. Protect Import Tariffs

This section of the report 'Financing the Global Sharing Economy' argues that a dramatic change of paradigm is needed if rich nations and global institutions are to stop forcing developing countries to liberalise their economies through unfair trade rules - whether as a condition of free trade agreements or in return for financial assistance.

7. Redistributing IMF Resources

This section of the report 'Financing the Global Sharing Economy' makes the case for redistributing the IMF's assets through its Special Drawing Rights facility and gold sales. These modest proposals could help restore the IMF's flagging legitimacy and prepare the way for more substantial reforms to the global economic architecture.

Crisis or Opportunity in the Multilateral Trade System?

Where do the politics of the World Trade Organisation negotiations stand now? It appears that the paralysis in multilateral trade talks is leading to yet another North-South (industrialized versus developing country) divide. And we still need a multilateral framework for trade, writes Sophia Murphy.

The World Bank and the Development Delusion

Most of the countries that have come under the sway of the World Bank have experienced declining development outcomes in recent decades - but this is no accident. The Bank will never be an effective tool in the fight against poverty without fundamental changes in its power structure, argues Jason Hickel.

IMF $2.7bn Windfall to be Used to Subsidise Lending

The IMF has decided to spend a $2.7 billion windfall from selling gold at a high price by subsidising lending to low income countries. The decision was taken at a meeting of the IMF Board in Washington DC on Friday 28 September, according to the Jubilee Debt Campaign.

Egypt's Turmoil is a Distraction from IMF Economic Agenda

The economic causes of Egypt's revolution are obscured by political and religion tensions, and barely discussed in the mainsteam media. But the path to genuine development, a fairer distribution of wealth and falling poverty remains open – unless the IMF gets its way, writes Nick Dearden.

Trade and Development Report, 2012

A United Nations report slams 30 years of global policies and ineffective recent austerity measures, arguing that reducing the widening gap between the rich and poor is not only necessary for social justice, but is also a precondition for sound economic growth. By UNCTAD.

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