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Monitoring G8 Europe Global The New South UN Reform Global Finance Doha Final

Towards Alternatives to IMF and World Bank

The planet is 'too big to fail'

The International Monetary Fund (IMF) and the World Bank are controversial among governments and civil society organisations for many reasons: their unfair governance structures, their harmful loan conditionality, and last not least the fossil-based project policies of the Bank. Barbara Unmüßig explores some alternatives.

This article will highlight the following key points: how the financial and climate crises created by the West is devastating innocent countries; how the International Financial Institutions have contributed to these crises, including through imposing policies in developing countries that are rarely implemented by industrialized countries; and how these problems must be addressed through new governance arrangements and more vital civil society movements that insist on a Green New Deal for all countries ...

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>>> WDEV Dossier: The Global Crisis and the South

China's Amazing Rise in Organic Food Production / The Tobin Tax Lives Again

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WDEV Recent Issues

Issue 6/Nov-Dec 2011
G20: Wrong forum for development + German aid under Niebel + London contra FTT + Food speculation: How it works
Issue 5/Sep-Oct 2011
The global social crisis +++ Thanks to Germany it's 2008 all over again +++ Nepal: Second chance for Maoists
Issue 4/Jul-Aug 2011
Non-FDI modes of international production + Bail-out 2.0 for Greece + Europe: Tobin tax on the move
Issue 3/May-Jun 2011
Survey on trade union rights violation + BRICS on the new IMF director + Greece and the euro + Green Economy for LDCs?
Issue 2/Mar-Apr 2011
LDC-IV in Istanbul +++ Reforming the global monetary system: Whick role for the IMF +++ Escalation of food prices +++ Remittances and development
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WDEV Highlights

Myanmar - a new darling of the West
After decades of isolation - imposed by major OECD countries out of concern for the country's human rights violations - Myanmar is emerging as a new darling of the "West" - judging by the accelerating succession of visits by senior officials and gurus. New groups of investors are waiting to enter the country as soon as possible.
Prognosis 2012: On the brink of a global recession
Persistent high unemployment, the euro area debt crisis and premature fiscal austerity have already slowed global growth and factor into the possibility of a new recession. Now the United Nations have downgraded significantly its forecasts for the world economy in the next year.
Back to the IMF? Hungary under siege by creditors
Eastern European states are in for a new round of the crisis. The external control of the banking sector and high reliance on external credit has landed the countries of Eastern Europe in a vulnerable position. Now, credit flows from Western banks are drying up again. Hungary has been the first country in the region to ask for IMF support again.
G20: The wrong forum for development policy
While the G20 efforts to manage global aggregate demand, exchange rate management and stronger regulation of the international financial sector have not worked out quite as planned, in Cannes the Group was further solidifying its role in directing the system of multilateral institutions.
Reality of German aid is changing under Niebel
In November 2011, the German Federal Ministry for Economic Cooperation and Development (BMZ) is celebrating its 50th anniversary.The new Minister, Dirk Niebel of the (neo)-liberal FDP has launched a 'radical change of course'. In the recent edition of the Reality of Aid shadow report the change is analyzed.