Trade and Investment
Keynote speech/presentation by Shalmali Guttal, Executive Director of Focus on the Global South, during the "Asian People's Call on Challenging the ADB's Immunity Conference". 20 April, 2017, University of the Philippines - School of Labor and Industrial Relations.
April 20, 2017
New Delhi—People’s movements and other civil society organizations across India are holding over 100 actions of protest in 21 states of the country between May 1 and 7 to mark the 50th anniversary of the establishment of the Asian Development Bank (ADB), highlighting gross human rights violations, loss of livelihood, and environmental destructions caused by the ‘development model’ being pushed by ADB and other international financial institutions (IFIs), while using public money.
Manila—FOCUS on the Global South led a thematic discussion on lack of transparency, increasing oppression, and shrinking of CSO space as part of the conference called “Asian Peoples' Call on Challenging the ADB's Immunity,” held April 19-20 at the University of the Philippines in Quezon City,
2017 marks the 50th year of the Asian Development Bank (ADB). Shalmali Guttal, Executive Director of Focus on the Global South, explains why civil society organisations and movements have been organising against destructive ADB projects for the past 20 years. This video was filmed part of a series for the Working Group on IFIs called, ADB: Voices from the Ground.
I am Shalmali Guttal and I am with Focus on the Global South.
We have been fighting the ADB for 20 years now.
Across the Mekong region, ‘development’ has become synonymous with rapid economic growth, to be achieved through predominantly large-scale, private investments. The development model promoted by the region’s governments prioritizes trade and investment liberalization, and privatization. Private investment is sought in virtually every sector of the economy from energy, oil, minerals, agriculture and food processing to education, health, tourism, manufacturing, pharmaceuticals, transportation and urban infrastructure.