Here Comes Another Third-World Bailout
Tags: GROUP of Seven countries; WORLD Bank Group; DEVELOPING countries; INTERNATIONAL Monetary Fund
Related Articles
- THE GREAT DEBT SWINDLE. Toussaint, Eric // Ecologist;Jul/Aug2001, Vol. 31 Issue 6, p52
Explains why the debt cancellations announced by rich countries in 1999 have turned out to be a lie. Motivation behind the debt reduction program made by the World Bank, International Monetary Fund and Group of Seven countries; Rise in the debt payments of poor countries between 1996 and 1999;...
- The structural adjustment program: Implications for economies of developing nations. Esemuede, Samuel I. // Atlantic Economic Journal;Mar1994, Vol. 22 Issue 1, p85
Examines the implications of the structural adjustment program on the economies of developing nations. Prescription of the program by the International Monetary Fund and the World Bank; Role of macroeconomic mismanagement and heavy indebtedness in economic failure.
- Are the IMF and the World Bank on the right track? Orr, Bill // ABA Banking Journal;Mar1990, Vol. 82 Issue 3, p74
Focuses on the status of the International Monetary Fund (IMF) and World Bank during the debt crisis in the developing countries. Changes in the international financial system; Role of IMF in the debt crisis; Proposals of goals for the debt crisis.
- Policy change for World Bank. E.N.I. // Christian Century;11/6/96, Vol. 113 Issue 32, p1065
Reports on the endorsement of the heavily indebted poor countries (HIPC) initiative by the World Bank and the International Monetary Fund in September 1996. Initiative as a plan for reducing debt owed by poor countries; Details of the initiative; Role of non-governmental organizations (NGO) and...
- World Bank/IMF reform plan too weak. // Ecologist;Apr2003, Vol. 33 Issue 3, p7
Reports on the criticism of the World Bank and the United Nations International Monetary Fund (IMF) proposals to give poor countries more of a say in the two institutions. Technocratic changes suggested in the IMF/World Bank report.
- God save the bankers! // America;3/12/1994, Vol. 170 Issue 9, p3
Editorial. Discusses the accomplishments and failures of the World Bank and the International Monetary Fund (IMF) in promoting worldwide living standards. Inability of critics to recognize the role of incompetence and corruption in retarding Third World development; Absence in the decision...
- Clinton plans fresh mugging of taxpayers. Sheehan, James M. // Human Events;7/14/95, Vol. 51 Issue 27, p4
Criticizes United States President Bill Clinton's endorsement of the Group of Seven's 1995 summit proposal to support the International Monetary Fund (IMF) in order to bail out bankrupt Third World governments. Impact of the endorsement on American taxpayers; Implications of infusing the IMF...
- No Debt Cancellation Plan for World's Poorest Countries. // HIV Australia;Sep-Nov2004, Vol. 4 Issue 1, p4
Reports on the failure of finance ministers from the Group of Seven industrialised nations to formulate a plan for debt cancellation for the world's poorest countries. Several AIDS advocacy groups which released the report "Blocking Progress," that calls on the International Monetary Fund to...
- G8 Agrees US$40bn Debt Relief Deal. // Africa Monitor: Southern Africa;Aug2005, Vol. 10 Issue 8, p1
The article informs that the Group of Eight (G8) countries have agreed to cancel 100% of the debts owed to multilateral institutions by 18 of the world's poorest countries. The G8 countries include Russia and the group of seven countries, that is, the U.S., Canada, Great Britain, Germany,...
