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IMF, World Bank & Trade

Latest   Overview   Key Facts   More Info   News Alerts
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

The World Bank: Let the Ship Go Down with the Captain

It's not the act itself, it's the hypocrisy. That's the line on Paul Wolfowitz, coming from editorial pages around the world. It's neither: not the act (disregarding the rules to get his girlfriend a pay raise) nor the hypocrisy (the fact that Wolfowitz's mission as World Bank president is fighting for "good governance").

Free Trade vs. Small Farmers

The 20th century was a terrible blight on small farmers everywhere. In both wealthy capitalist economies and in socialist countries, farmers paid a heavy price for industrialization. 

Venezuela pulling out of IMF, World Bank

CARACAS, Venezuela --President Hugo Chavez announced Monday he would pull Venezuela out of the World Bank and the International Monetary Fund, a largely symbolic move because the nation has already paid off its debts to the lending institutions.

The Real Scandal At The World Bank

The Bank is killing thousands of the poorest people in the world

Coming up empty: confidence crisis at the IMF

As International Monetary Fund (IMF) and World Bank officials engage in their joint semi-annual meetings in Washington, the Fund has a nettlesome new task: convincing its shareholders (most of the world's governments, represented at the meeting by Finance Ministers and Central Bank Governors) that the institution should continue to exist.

The IMF: A Sandbox to Play In

Shortly after protests in Seattle nearly shut down a round of negotiations for the World Trade Organization (WTO), a group of academics, trade negotiators and business people met in Washington to figure out a way to reduce the hostility to their trade agenda. A former Clinton administration official suggested giving the critics “another sandbox to play in,” so that they wouldn’t continue to obstruct a new WTO agreement. Specifically, he suggested that those who were concerned about labor and environmental standards could focus their attention on the International Labor Organization (ILO). From the standpoint of the assembled honchos, the ILO was an appropriate “sandbox” because it has no enforcement powers.

End trade inequality to atone for slavery

The best way Europeans and Americans can make reparations for their past role in the slave trade is to end unfair trade policies that keep Africans shackled in poverty, a U.S. historian said.

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