Sunday, 09 April 2000
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Read the 50 Years platform; it's full of alternatives to the existing international finance regime.
Above all, the Network calls for the full participation of affected women and men in all aspects of World Bank and IMF projects, policies and programs. This requires far-reaching changes in the lending policies, internal processes and structure of the World Bank and the IMF. Only when these reforms are implemented will these institutions be able to play a positive role in support of equitable and sustainable development. This will require the following:
- Openness and full public accountability of the Bretton Woods institutions and the systematic integration of affected women and men in the formulation, implementation, monitoring and evaluation of World Bank and IMF projects and policies;
- A major reorientation of World Bank- and IMF-financed economic-policy reforms to promote more equitable development based upon the perspectives, analysis and development priorities of women and men affected by those policies;
- An end to environmentally destructive lending and support for more self-reliant, resource-conserving development;
- The scaling back of the financing, operations, role and, hence, power of the World Bank and the IMF and the rechanneling of financial resources thereby made available into a variety of development assistance alternatives; and
- A reduction in multilateral debt to free up additional capital for sustainable development.
This is 50 Years is Enough! U.S. Network for Global Economic Justice <http://monkeyfist.com/articles/413>