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Economic Justice News
Vol. 1, No. 1 January, 1998

January, 1998 Contents

Pollution Pusher, Pollution Trader The World Bank in 1998
According to a June 1997 report by the Institute for Policy Studies and the International Trade Information Service, investments made by the World Bank are playing a significant role in fueling climate change.
Fast Track Derail New IMF Funding
To judge from the tactic he has chosen to try to secure a staggering $18 billion for the International Monetary Fund (IMF) in the wake of the East Asian bailouts, it looks like President Clinton has learned one major lesson from the Congressional defeat of "fast-track" negotiating authority for international trade agreements. That lesson is that the American public has gotten a whiff of the kind of global economy he wants, and they don’t like it.
50 Years Is Enough Network
There is a lot of talk about the coming of the new millennium. It's like we can't help ourselves — we look back and we look forward. Within the 50 Years Is Enough Network, we are doing the same.
The Jubilee 2000/USA Campaign
In April 1997, the Religious Working Group on the World Bank and IMF (RWG) launched the Jubilee 2000/USA Campaign. The 50 Years Is Enough Network is a founding supporter and steering committee member of the campaign.
One Step Forward, Two Steps Back Gender Equity at the World Bank
Just released! Gender Equity and the World Bank Group: A Post-Beijing Assessment, a collaborative effort of 50 Years Is Enough and the Women's Eyes on the World Bank Campaign. The report analyzes the effectiveness of a wide variety of World Bank tools, programs and policies for "mainstreaming" gender across sectors and loan types.
"Investment-Led" Adjustments for Africa

WASHINGTON, Dec 7 (IPS) - Structural adjustment programmes (SAPs) in Africa largely have failed to create new jobs or thriving economies and ‘'investment-led'' strategies are needed where the state plays a leading role, says a new U.N. report.

The Making of Deadly Embrace

In the early 1990s, the people of La Primavera, Nicaragua gathered at their community center to speak out against economic injustices in their neighborhood and country. From that meeting came the idea of making a video showing how neo-liberalism, structural adjustment, debt and free trade look through the eyes of Nicaraguans. The goal of the video was to provide an organizing tool to help rekindle and redirect the work of solidarity groups to fighting the menace presented by structural adjustment.

Energizing a Worldwide Movement

50 Years Is Enough has joined with 1000 civil society organizations worldwide to support the launching of the Structural Adjustment Participatory Review Initiative (SAPRI), an initiative of citizens' organizations in conjunction with the World Bank and governments to assess — through gender inclusive, participatory processes — the impact of structural adjustment programs (SAPs). Officially launched in Washington on 14 July 1997, the purpose of SAPRI is to identify and set the stage for appropriate changes in adjustment operations and programs and for more participatory and effective economic-policymaking processes.

MAI: NAFTA on Steroids

It's been called "NAFTA on Steroids." It's been called an investor's Bill of Rights. It's been called the most significant economic agreement of the last 50 years.

Tax the World Bank

Washington, DC is notorious for pothole-ridden streets, pockets of deep poverty with few reliable services, and, at the root of it all, a city government mired in financial and political bankruptcy. Amidst this virtual decay, within six blocks of the White House, sit some 25 buildings occupied wholly or in part by the World Bank and its nearly ten thousand Washington-based employees.

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