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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

Cut Hypocrisy First, Not Tariffs: The Key to Breaking the WTO Deadlock

Rich countries continue to use WTO negotiations to “kick away the ladder” of development, outlawing the very trade measures they relied on to grow economically. Instead of negotiating reductions in tariffs and subsidies, it’s time to negotiate reductions in hypocrisy, argues Timothy Wise.

Bottom Lines, Better Lives?

Since 1990, financing to the private sector by multilateral development banks has increased ten-fold. Without radical reform of the current lending approach, such an expansion could do more harm than good, says a new report by Eurodad et al.

IMF Loans: No End to Harsh Conditions

Claims of reform by the International Monetary Fund on the harsh loan conditions for which it is renowned do not stand up to close scrutiny. In depression-hit eastern Europe the institution is rapidly becoming as unpopular as it once was in Africa.

Fifteen Years Is Enough

Over the last fifteen years, the World Bank and the IMF have responded to calls for reform on paper but not in practice. It is time to end the market-oriented bias that guides the Bretton Woods Institutions once and for all, says a report by the Halifax Initiative.

Will the World Bank Support Dirty Coal in South Africa?

Critics say the proposed $3.75 billion World Bank loan for a new coal-fired power plant in South Africa is primarily intended to benefit large multinational companies. Will the government heed the growing opposition to a potentially disastrous project? Articles compiled by William Minter.

The IMF and Capital Controls: The End of an Era?

In February 2010, the IMF reversed its long-held position on capital controls by admitting that they constitute a “legitimate component” of the policymakers’ toolkit. Is this a sign of waning Fund support for uncontrolled finance?

Free Trade Crippling Food Production in Africa

The push for trade liberalisation by the World Bank and IMF has contributed to increases in poverty and food insecurity in many African countries, finds a study published by the Proceedings of the National Academy of Sciences.

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