Posts Tagged: financial flows

On the eve of their summit in Singapore, the World Bank and IMF are in serious trouble, from a democratic deficit to a serious economic shortfall. Columnist Walden Bello writes about the event he was banned from attending.
A global movement called Jubilee 2000, which calls for external debt cancellation for the poorest and most indebted countries, has gained great momentum.
The Asian financial crisis has eased, but its reverberations have enmeshed the International Monetary Fund (IMF) in a major legitimacy crisis over its recently assumed mission and its ability to implement it.
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