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November 1st, 2006 in Berlin
Speakers:
Lidy Nacpil,
Coordinator of the International Jubilee South Network and General Secretary of the »Freedom from Debt Coalition
«, Philippines; activist against the Marcos regime
Antonio Tricarico, Coordinator of the Italian campaign to reform the World Bank (Campagna per la Riforma della Banca Mondiale/Mani Tese)
The International Monetary Fund is in a deep crisis. It is held responsible for the Asian- and Argentinian crisis.
Argentina, Brazil, Indonesia and other "main clients" of the IMF have paid back their debts prematurely.
»Once bitten, twice shy« they do not appreciate to have their economy and finance politics dictated by the IMF.
Next to the loss of credibility it also has a fiscal problem: decreasing demand of credits goes along with decreasing interest income.
The IMF seems to have become irrelevant. If the emerging Asian countries and/or the OPEC would exchange their huge
Dollar reserves while the motor of the US economy stutters, there could be a possible burst of the
US economy bubble and drag the world economy down.
Regarding this main concern of the global financial community the IMF has not much to offer. This is its main institutional problem.
In the past the IMF was central to the world economy and an essential tool of the G8 countries.
Today it neither has the necessary currency reserves to prevent major crisis' nor do member states appreciate
the conditions applied to credits.
Only the poorest developing countries have no other chance but accept those terms and conditions.
But how?
And which function will remain, how could they be redefined?
And is it strategically wise to spend energy on this discussion?
Conference in German / English, simultaneous translation.
Organisation:
Action Aid
Aktionsbündnis gegen AIDS
ATTAC-Deutschland
BLUE 21 - Berliner Landesarbeitsgemeinschaft Umwelt und Entwicklung
Brot für die Welt
BUND - Bund für Umwelt und Naturschutz in Deutschland
DNR - Deutscher Naturschutzring
EED - Evangelischer Entwicklungsdienst
Erlassjahr.de - Entwicklung braucht Entschuldung
EURODAD - European Network on Debt and Development
FDCL - Forschungs- und Dokumentationszentrum Chile-Lateinamerika
Forum Umwelt und Entwicklung
GeN - Gen-ethisches Netzwerk
Gerechtigkeit jetzt!
Inkota Netzwerk
medico international
Stiftung Nord-Süd-Brücken
Terre des Hommes
VENRO - Verband Entwicklungspolitik deutscher Nichtregierungsorganisationen
WEED - Weltwirtschaft, Ökologie und Entwicklung
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