World Bank

15.05.2020

Sanders and Omar Lead 300+ Global Lawmakers in Call to Protect Developing Countries from Economic Ruin

Sanders and Omar Lead 300+ Global Lawmakers in Call to Protect Developing Countries from Economic Ruin

Sen. Bernie Sanders (I-Vt.) and Rep. Ilhan Omar (D-Minn.) led more than 300 international lawmakers across two dozen countries in a letter to the leadership of the World Bank and the International Monetary Fund (IMF) today, calling on the international financial institutions to cancel low-income countries’ debt in response to… »

09.05.2020

Time for the World Bank and IMF to Be the Solution, Not the Problem

Time for the World Bank and IMF to Be the Solution, Not the Problem

By Franciscka Lucien and Joel Curtain The World Bank and the International Monetary Fund (IMF) have a historic opportunity to help stabilize a world reeling from COVID-19. Doing so will require the institutions to change course and aggressively support poor countries’ ability to invest broadly in the government services their… »

18.02.2020

Global Economy Still Slowing, Dangerously Vulnerable

Global Economy Still Slowing, Dangerously Vulnerable

By Anis Chowdhury and Jomo Kwame Sundaram In an annual ritual early in the year, most major economic organizations have released forecasts for the global economy in 2020. Incredibly, almost as a reminder of where financial power resides in this day and age, the International Monetary… »

21.04.2018

The World Development Report produced by the World Bank almost completely ignores workers’ rights

The World Development Report produced by the World Bank almost completely ignores workers’ rights

12 April by Peter Bakvis for the Committee for the Abolition of Illegitimate Debt The World Bank decided last year to devote the 2019 edition of its flagship annual policy review publication, the World Development Report, to the theme of the future of work. Preparation of the WDR 2019… »

26.03.2017

African women united against microcredit vultures

African women united against microcredit vultures

“The IMF and the World Bank have over-indebted my country. Their structural adjustment programs have pushed women into microcredit, supported by the World Bank… Many microcredit institutions lead them to over-indebtedness and impoverishment”. By Fátima Martín, Femenino Rural   To be a woman, poor, and African. Here are the three… »

26.07.2016

World Bank should uphold ILO standards in new labour safeguard

World Bank should uphold ILO standards in new labour safeguard

The World Bank’s updated Environmental and Social Framework, a draft of which will be considered by the Bank’s executive board on 4 August, introduces a new labour standard that would, for the first time, require borrowing countries to comply with some basic workers’ rights and labour conditions in Bank-funded projects. »

20.04.2016

Will the Middle East Become ‘Uninhabitable’?

Will the Middle East Become ‘Uninhabitable’?

Human Wrongs Watch By Baher Kamal* This is the first of a two-part series of reports focusing on the impact of climate change on the Middle East & North of Africa region, ahead of the signing ceremony of the Paris climate agreement, on 22 April 2016 in… »

18.04.2015

Investigation tears veil off World Bank’s “promise” to eradicate poverty

Investigation tears veil off World Bank’s “promise” to eradicate poverty

By Kanya D’Almeida UNITED NATIONS, Apr 16 2015 (IPS) – An expose published Thursday by the International Consortium of Investigative Journalists (ICIJ) and its media partners has revealed that in the course of a single decade, 3.4 million people were evicted from… »

18.12.2014

World Bank safeguards ‘go out of their way’ to avoid references to human rights – UN Expert

World Bank safeguards ‘go out of their way’ to avoid references to human rights – UN Expert

Human Wrongs Watch The United Nations Special Rapporteur on extreme poverty and human rights, Philip Alston, on 17 December 2014 urged the World Bank to recognize the central importance of human rights to its draft environmental and social policies, also known as safeguard policies, which apply to its investment project… »

06.09.2014

Concerns Over World Bank Proposals to Roll Back Safeguards for Indigenous People

Concerns Over World Bank Proposals to Roll Back Safeguards for Indigenous People

  Human Wrongs Watch BANGKOK, 3 September 2014 (IRIN)* – Activists warn of a harmful regression in the World Bank’s safeguard policies, claiming that proposed changesbeing considered this autumn could weaken the rights of indigenous people, and others in danger of displacement and abuse as a result… »

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