This section contains documents on World Bank and International Monetary Fund policy, and on debt and other capital flows between North and South.
To shield themselves from the consequences of the financial crisis, developing countries should rely more on their own financial institutions and regional currency agreements, and thereby break the dominance of Northern financial markets. This is the proposal put forward by Yash Tandon, Executive Director of South Centre, an Intergovernmental Think Tank of the Developing Countries. Article published in: ALliance Sud News, No. 58, Winter 2008/09 ...>>
Editorial by Peter Niggli published in: Alliance Sud News No. 58, Winter 08/09 ...>>
In May 2008 the World Bank's «Growth Commission» submitted its «Growth Report», in which it distanced itself from the economic prescriptions known as the Washington Consensus. The report states that there is no single recipe for economic development that can be applied to all developing countries. - Article published in: Alliance Sud News No. 56, Summer 2008 ...>>
Editorial by Peter Niggli published in: Alliance Sud News No. 57, Autumn 08. ...>>
The International Development Agency, IDA, a World Bank subsidiary, is in need of 25 billion dollars. That is what it will take if the IDA is to continue providing the poorest countries with cheap credits and grants in the future. Unless its development budget is increased, Switzerland will face enormous problems in bearing its proportional share of the international burden. - Article published in: Alliance Sud News No. 51, April 2007 ...>>