Markets

Argentine Catholic Church to Join Worker Protest Against IMF

BUENOS AIRES, May 23 (AFP) - Top members of the Argentine Catholic church announced Tuesday that they would join forces with a major labor union here to protest policies by the International Monetary Fund (IMF). The anti-IMF protest is a major change for the Argentine Catholic church, traditionally one of the most conservative organizations in the country.

IMF Reform Panel Upset with Clinton

By HARRY DUNPHY, Associated Press Writer WASHINGTON (AP) - The head of a congressional advisory committee on reforming the International Monetary Fund and the World Bank said Tuesday the Clinton administration's response to its proposals was disappointing.

ADB Pledges to Fight Poverty

Reuters Asia's top banking showcase drew to a close on Monday amid tight security with promises of a region-wide fight against poverty. The last day of the Asian Development Bank annual meeting in the northern Thai city of Chiang Mai focused on an ADB plan to channel hundreds of millions of dollars into targetted anti-poverty programmes.

Less Bank -- More World

Marc Cooper, LA Weekly WASHINGTON -- "Brothers and sisters! We've already won the Battle of Washington," said Lori Wallach, head of Ralph Nader's Global Trade Watch, to a teach-in of 1,500 people last Friday night -- two days before the street skirmishes began. "Now, all that is left is the mopping-up operation."

World Bank Shouldn""t Have Its Arms Tied

Business Times By James Wolfensohn RECENTLY, a good deal of coverage has been focused on the Meltzer Commission Report on the International Financial Institutions, and what it might mean for the World Bank. Let me take this opportunity to lay out some real concerns that we at the bank have, and also to set the record straight.