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International Parliamentarians’ Petition for Democratic Oversight of IMF and World Bank Policies

Zambia is but one example of the IMF usurping the authority of national parliaments.  The 60th anniversary year of the creation of the IMF and World Bank is an appropriate time seek reform and the International Parliamentarians’ Petition will be launched at the Autumn Meetings of the IMF and World Bank in October.

In the UK, the All Party Group on Heavily Indebted Poor Countries is coordinating parliamentary activities including the timing of a possible EDM and launch. NGO activities  in the UK are being led by the WDM, Action Aid, Christian Aid and the Bretton Woods Project.

In essence the objective is to ensure that the democratically elected representatives of recipient nations are the final arbiters of all economic policies in their countries.

Campaigners are asked to contact their MPs and seek their support by signing the Parliamentary Petition.  This is an ideal opportunity to book a visit with your MP (consider going as a group of local supporters in an area) at the start of the new Parliamentary session at which you can raise the wider issue of 100% debt cancellation and ask them to sign the petition for greater parliamentary control over economic policy.  For a full brief on the International petition and a copy of the petition for your MP to sign see International Petition

 

‘The Real Progress Report on HIPC.’  A report by Jubilee Research to counterbalance the World Bank and IMFs own version.

To counterbalance the World Bank’s and IMF’s annual Status of Implementation Report.  (Copies available online at http://www.jubileeplus.org/ or write to Jubilee Research at The Graystone Centre, 28 Charles Square London N1 6HT.)

 

Struggling to be heard.  A report by Christian Aid on democratising the World Bank and IMF. 

“The loans that they make to poor countries lack transparency and board structures are far from democratic.  Their leaders are only selected from the US and Europe and never from the developing World..”

(Contact Polly at Christian Aid)

 

Debt Data

  The spreadsheet showing the basis of these figures is available at JDC Web Group Data Tables - see column X for calculated TDS based on most recent data, row 48 for HIPC countries, row 64 for all 52 Jubilee 2000.  This spreadsheet has a lot more data including aid figures - for a summary of the data see Debt and MDG data which also links to UN tables on progress on MDGs and the HDI (Human Development Indicator) for all these countries and some other potential candidates fo debt cancellation

Can the World Bank and International Monetary Fund (IMF) afford to cancel 100% of poor country debt?’

This new report systematically demonstrates that both the World Bank and IMF have abundant resources to cancel all of the debt owed them by Highly Indebted Poor Countries (HIPCs). (From Jubilee Research see below)

 

last edited

15 Mai 2005