Category: The Commons

By Chris Adams Has the World Bank changed? In particular, do recent changes in senior management mark a significant break with the past? On the face of it, Wolfensohn has broken with tradition, appointing several “outsiders” to key positions which had previously been filled by staff who …

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By Shalmali Guttal   The latest policy product of the World Bank and International Monetary Fund (IMF) – the Poverty Reduction Strategy Papers (PRSP) – is unlikely to make a dent o­n either poverty or o­n the institutions as they are proving to be little more than hurriedly w …

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Presentation by Shalmali Guttal, Focus o­n the Global South at the conference: The Role of Multilateral Development Banks (MDBs) in the process of Development in Vietnam May 5-6, 1999, Hanoi, Republic of VietnamTo begin, I would like to express my sincere appreciation and thanks to the Conferenc …

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BY NICOLA BULLARD WITH WALDEN BELLO AND KAMAL MALHOTRAIntroductionTaming the Tigers is a contribution to the debate over Asia’s economic crisis. In particular it explores the actions and motives of o­ne of the key actors in the Asian crash – the International Monetary Fund. This repo …

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by Kamal MalhotraThe Multilateral Development Bank (MDB) system clearly has major dilemmas of a multiple nature which are impacting on both its identity and role in S.E. Asia, especially in the poor countries of the lower Mekong Basin sub-region comprising Laos, Cambodia and Vietnam. Firstly, on the …

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by Nicola Bullard, Walden Bello, and Kamal Malhotra printed in The Nation Newspaper, 4 March 1998, Bangkok, ThailandThe decade-long US foreign economic agenda for Asia gained an opening in the financial crisis, and Washington was quick to use the IMF to exploit it, writes Nicola Bullard, Walden Bell …

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by Walden Bello, in The Nation Newspaper, 25 January, 1998, Bangkok, ThailandDebate on the pros and cons of the agency’s austere demands has missed the point. The International Monetary Fund (IMF) has been getting a much worse press than usual these days. It has certainly dropped into the role of th …

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by Walden Bello, the Nation Newspaper, 5 December, 1997, Bangkok, ThailandThe IMF austerity measures brought a decade of zero or minimal economic growth in Latin America and Africa. Similarly, Asia will see the recession induced by the current crisis turn into a long period of stagnation, argues Wal …

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