This section contains documents on World Bank and International Monetary Fund policy, and on debt and other capital flows between North and South.
Two years after the big crash, the urgently needed reform of global financial markets has so far made only little progress. The new international bank regulation standards are not sufficient to make the world economy fairer and more crisis-proof. ...>>
In the autumn of 2008 most governments displayed a «Keynesian» reaction to the financial crisis. Today they are reverting to orthodoxy - with uncertain implications for the world economy and for the continent’s political and social equilibrium. - Editorial by Peter Niggli published in: Alliance Sud News No. 64, Summer 2010. ...>>
The Swiss parliament is currently discussing a new law on the restitution of stolen assets. But how can it be ensured that the money in fact benefits the populations that have been robbed? Experience from Switzerland's debt reduction programme offers a viable solution. ...>>
Developing countries are keen to redistribute the cards at the International Monetary Fund. This spells trouble for Switzerland. The strategies with which it wants to secure its influence are at odds with the interests of the South. ...>>
The idea of a global financial transaction tax is receiving growing political support. Civil society organisations worldwide, with Alliance Sud among them, have achieved that the International Monetary Fund, too, is giving it due consideration. Fund director Strauss-Kahn has invited civil society to engage in the preparations of the upcoming report. ...>>