Opinion is divided about how far the International Monetary Fund (IMF) has gone in its proposals for how to make the banks pay for the crisis, says Owen Tudor. For some, it has taken some unexpectedly radical steps forward, but for others it has not yet produced an adequate solution.
The World Council of Churches has welcomed the initiative by the G7 industrialised nations which pledged this past weekend to write Haiti's debts off. It has also called on the IMF and others to follow suit.
The International Monetary Fund (IMF) should not go ahead with plans for a multi-million dollar loan to Angola, whose oil-rich government is highly corrupt, without stringent conditions says Global Witness.
Jubilee Debt Campaign called on Finance Ministers meeting in Washington this weekend to take radical steps to clean up global finance, in the first serious test of the G20's plan to revive the global economy.
The International Monetary Fund and World Bank should use their spring meetings to deliver the G20’s promise to protect the world’s poorest countries from economic devastation, development agency Oxfam says.
Interfaith leaders from Latin America and the Caribbean have met with officials from three major global multilateral financial bodies to discuss ways of advancing the struggle for the MDGs and against poverty and inequality.
UK chancellor Gordon Brown and other finance ministers at the Group of Seven (G7) rich nations meeting which opened tyesterday in Essen, Germany, must fulfill their two-year-old promise to stop international financial institutions imposing damaging economic policies on developing countries, according to Christian Aid and other church-related development NGOs.