IMF / World Bank

March 2004 - Issue 365

March 2004
Issue No. 365
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The Power and the Folly
The IMF and the World Bank are the 21st century equivalent of colonial governors, argues Chris Brazier.

States of Unrest
Resistance to economic ‘adjustment’ is growing with every passing year, as this worldwide round-up shows.

The Hospital that makes you Sicker
The IMF is run by free-market fundamentalists, says former World Bank chief economist Joseph Stiglitz.

Wild West goes East
Long-standing World Bank consultant Peter Griffiths blows the whistle on the damage done, from Russia to Sierra Leone.

IMF/World Bank: the facts

Globalizing Greenwash
The World Bank claims that its environmental policies have been transformed. Pamela Foster sifts through the evidence.

The Two Towers
Gandalf, wizard of the World Bank, has a dilemma. Should he stand alongside the hobbits and elves of Middle-earth against the powerpointwielding orcs? Or should he go along with IMF mage Saruman’s plan for world domination? A comic extravaganza by

No prescription needed
The grassroots SAPRIN network spent years working with the World Bank – only for the Bank to batten down the hatches. Mark Engler reports.

Structurally Adjust This...
Adam Ma’anit gives the Bank and the Fund a taste of their own medicine.

...Imagine That!
Adam Ma’anit steps towards a world without the IMF and the World Bank.

Resistance is Fertile!
Action directory and resources.

News, views, and & voices

Letter from Lebanon
How government offices finally discovered computers, by Reem Haddad.

Southern Exposure
The dream of dance, captured by Sri Lanka’s Dhanushka Amarasekara.

View from the South
Two writers who uncover the heart of Africa, introduced by Ike Oguine.

Currents

Pain and freedom
Haiti’s heroic past and troubled present

Sudanese truth and reconciliation
truth and reconciliation in Sudan

Pharaohs-in-waiting?

Good to talk
why mobile phones are all the rage in Africa

In the bag
the ubiquitous plastic bag

Albert Einstein (1879-1955)

Word Corner

Time bombs

Militias active in West Papua

Seriously

Worldbeaters
Yet another idealistic comrade turned brutal dictator: Eritrea’s Isaias Afwerki.

Big Bad World
The transnational approach to ethics.

The NI Prize Crossword
84 by Axe

Mixed Media

Film
Osama directed by Siddiq Barmak

Music
BourgieBoho-PostPomoAfroHomo by Deepdickollective

Music
Unearthed by Johnny Cash

Book
The Ordinary Person’s Guide to Empire by Arundhati Roy

Book
North Korea/South Korea by John Feffer

Book
Stevenson Under the Palm Trees by Alberto Manguel

Making Waves
Why two exiled Colombian activists have launched their own ‘world tour’.

Essay
Cuba is not quite the multiracial nirvana that Rotimi Ogedengbe was hoping for...

Country Profile
Yemen


 

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from
THIS MONTH'S EDITOR

Chris Brazier and Adam Ma'anit

THE 60th anniversary of the World Bank and the International Monetary Fund (IMF) this year is a birthday most of the world will feel disinclined to celebrate. But it is one we felt we had to mark, if only as a token of our determination not to let their exploits slip by unnoticed. The two institutions are rarely mentioned in mainstream news stories and the IMF in particular seems to wear a cloak of invisibility to rival Harry Potter’s. Yet their impact on most of the world’s people is profound – and profoundly disturbing.

We are grateful for the support of the 50 Years Is Enough network. This is a coalition of campaigning organizations from around the world which is co-ordinated from Washington DC by Njoki Njoroge Njehû and Soren Ambrose. We hope this issue of the magazine will encourage many more people to join their campaign.

The NI was privileged to carry one of the last interviews with Julius Nyerere, former leader of Tanzania, before he died in 1999. In it he recalled being asked by the World Bank what had gone wrong during his time in power up to 1985. He came right back at them. ‘In 1988 Tanzania’s per-capita income was $280. Now, in 1998, it is $140. So I asked the World Bank people what went wrong. Because for the last 10 years Tanzania has been signing on the dotted line and doing everything the IMF and the World Bank wanted. Enrolment in school has plummeted to 63 per cent and conditions in health and other social services have deteriorated. I asked them again: “What went wrong?” These people just sat there looking at me. Then they asked what could they do? I told them have some humility. Humility – they are so arrogant!’

Chris Brazier and Adam Ma’anit for the New Internationalist Co-operative






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