Against IFIs

The adverse impacts of climate change are already threatening communities around the world. Over the last century the level of carbon dioxide has increased by 25 per cent. Developed countries are mainly liable for the climate crisis. And this problem is devastating environment and biodiversity, damaging people’s life and livelihoods around the globe. Climate change victims are increasing in number every day. It is alarming that there is no obligation for states to recognize the international and external displacement of people due to climate change and other environmental issues.

A study shows that 95 per cent of deaths from natural disasters in the last 25 years occurred in developing countries. And $100 billion has been lost every year due to these natural disasters. The communities of the developing countries are trying to cope with disasters. And the governments of developing countries are generating money for adaptation and mitigation programmes within their countries.

Aid, in the neo-liberal framework cannot be effective, and it can rarely put positive impact on the ground for which it is supposed to work for the development of the poor people in particular. It is also important that developing countries devise their own means to maximise utilisation of aid effectively denouncing the imposed conditions and at the same time hold lenders and recipient overnments accountable to the people. And for effective aid, there must be the real commitments to realise ownership, harmonisation, alignment and mutual accountability that have been emphasised in the Paris Declaration on Aid Effectiveness, writes Ahmed Swapan Mahmud

Speakers at a discussion yesterday said that international capitalist mode of productions, speculative capital, unjust and ndemocratic role of International Financial Institutions (IFIs) and multinational corporations are the major causes of recent financial crisis. The discussion titled `IFIs are the Major Barriers to Development Effectiveness: Linking Financial Crisis to Food, Debt and Climate Change' has been held at the Cirdap auditorium, Dhaka on 16 October. The discussion was moderated by Ahmed Swapan Mahmud, executive director of VOICE while eminent economist and also a teacher of Dhaka University Prof. Abu Ahmed, eminent leader of Workers Party of Bangladesh Haider Akber Khan Rono, economist, leading economist Dr. Piash Karim, renowned leader general secretary of Biplabi Workers Party Saiful Haq spoke as panel discussants.

Bangladesh is passing through multi-faceted challenges in the recent past propagated by its economic depression due to deregulation of the state machinery dictated from International Financial Institutions. Commoner's life and livelihood is highly suppressed from inflation, unemployment and unprecedented risks. Triple attack of food, fuel and financial crisis on the global economy is also affecting peoples' daily life as the country is a net food importing LDC and its remittance mostly comes from by exporting garments and frozen foods along with low skilled manpower.  Bangladesh needs increased investment in food, griculture, employment generation along with spending in basic services. But the govt. can not invest more as they have
to pay back more than USD 1500 million for debt servicing per annum to World Bank, IMF, Asian Development Bank and to other bi-lateral donors, which is more than 15% of it's national budget. Besides new loan programs in the name of Multi Donor Trust Fund proposed to be managed by World Bank will trap its citizens to new debt burden. Massive awareness needs to be created to
challenge this undemocratic venture of the Bank.

Thursday 16 October 2008

VOICE is going to organize a discussion meeting on `IFIs are the Major Barriers to Development Effectiveness: Linking Financial Crisis to Food, Debt and Climate Change'.

The objective of the workshop is to critically examine the neo-liberal perspective-- the policies and projects of international financial
institutions (IFIs), and its relation with food, debt and climate crisis. Also the discussion will highlight how the corporate globalization, the IFIs and transnational corporations make the world economic order worsen and create recent global financial crisis which puts negative impact over national economy and affects people's life and livelihood.

Time: 9:00am-1:00pm
Location: CIRDAP Conference Hall , Dhaka

This will involve a wide range of civil society including activists, researchers, academicians, journalists, women groups, farmer's associations,local and national NGOs and members of professional bodies. Eminent economists, experts and representatives of NGOs and CSOs among others will be present as key discussants.

Please contact us for more information! (email: exchange.voice@gmail.com, Mobile: 01712-990078)

[12 October, Dhaka] Speakers at a press conference said that the international financial institutions (IFIs) have a disastrous consequences over people's life and livelihood over the years due to policy prescriptions and bad projects of IFIs.  The press conference was held at the Dhaka Reporter's Unity in the city today to observe the Bangladesh Week of Action against poverty, hunger and unjust development paradigm. The Bangladesh Social Forum organized the press conference on the eve of World Bank-IMF annual general meeting scheduled from coming 15-17 October in Washington DC.

Climate Change Close monitoring of ADB activities stressed

http://thedailystar.net/story.php?nid=56285

Speakers at a consultation yesterday agreed to monitor closely the policies,
projects and programmes of the Asian Development Bank (ADB) in Bangladesh.

They evaluated the recently drafted national action plan on climate change,
says a press release.

The national action plan was drafted without any public participation
especially the vulnerable communities.

The daylong consultation on 'Environment and Climate Change: Role of the ADB
in Bangladesh' held at the auditorium of Campaign for Popular Education
(Campe) in the city was attended by nearly 40 representatives from NGOs,
civil society organisations, academicians, journalists and human rights
activists.

The speakers demanded that international financial institutions (IFIs) and
northern multinational companies should shed the climate hypocrisy if they
want to consider impacts of climate change on people.

The event was organised by VOICE, a research and advocacy organisation based
in Dhaka, and Manila-based NGO Forum on ADB, an international civil society
network.

Participants from various civil society organizations agreed to monitor closely the
 policies, projects and programs of the Asian Development Bank (ADB) in Bangladesh in the face of changing nature of the ADB. Speakers critically evaluated recently drafted the national action plan on climate change. The national action plan was drafted without any public participation especially the vulnerable communities. 

The day long consultation on Environment and Climate Change: Role of the ADB in Bangladesh held at the Mohammadpur auditorium attended by nearly 40 representatives from NGOs, civil society organizations, academicians, journalists and human rights activists across the country. Speakers demanded that international financial institutions (IFIs) and northern multinational companies should shed the climate hypocrisy if they want to consider impacts of climate change on people.

The event was organized by Voice, a research and advocacy organization based in Dhaka and Manila based NGO Forum on ADB- an international civil society networks.

VOICE is organizing a day long workshop on 'Environment and Climate Change : Role of Asian Development Bank in Bangladesh’

Day: Tuesday 23 September 2008
Time: 9:00am-6:00pm
Location: Dhaka

The objective of the workshop is to examine the neo-liberal perspective--the policies and projects of international financial organizations (IFIs), and in particular to analyze the role of the Asian Development Bank (ADB).

Speaker: Ahmed Swapan Mahmud, Executive Director,VOICE, Avlash Raul, NGO Forum on ADB, Dr. Piash Karim, Brac University

The workshop will involve NGOs/CSOs from both national and local levels who are engaged in the relevant field.

Please contact us for more information! (email: exchange.voice@gmail.com, Mobile: 01712-990078)

http://www.newagebd.com/2008/sep/11/oped.html

There is little doubt that climate change is happening. As countries and international organisations ponder over how resolve an impending crisis brought about by global warming, they should also stop to consider whether the prevailing market oriented economy makes enough of an allowance to arrive at sustainable and genuine measures to contain this impending crisis… writes Ahmed Swapan Mahmud