philippine news

Development: Food Crisis Symptom of Dubious Liberalisation

by Aileen Kwa
from Inter Press Service

GENEVA (IPS) – The high food prices that have sparked riots in many parts of the developing world — from Indonesia, India and Bangladesh to Cameroon, Cote d’Ivoire and Haiti — should come … Read the rest

Proposal to adopt and ADB labour standard lending requirement

PDF FileRead the rest

ILO Director-General’s statement to the IFI spring meetings

from ITUC/Global Unions

WASHINGTON (ILO News) ? Citing threats to stability and progress in the world of work due to instability in the world of finance, International Labour Office (ILO) Director-General Juan Somavia has called for a new multilateral “consensus” … Read the rest

IMF predicts recession in US, significant slowdown elsewhere

from ITUC/Global Unions

The IMF today provided regional breakdowns of its updated quarterly economic growth forecasts.  Although only released officially today, the overall forecast has already been made public for some weeks. The quarterly update consists of the Fund’s third … Read the rest

Unions discuss financial crisis with IMF

from ITUC/Global Unions

A group of 35 trade union economists and other union specialists convened by the ITUC and TUAC held a one-day meeting with the IMF on 18 March in Washington to discuss the current global financial crisis, its … Read the rest

World Bank President cites growing ties with ILO on globalization and decent work agenda, welcomes “partnership through dialogue”

from ILO Press Release

GENEVA (ILO News) ? World Bank President Robert B. Zoellick cited on Monday increasing ties with the International Labour Organization in pursuit of “an inclusive and sustainable globalization” and a broad range of other issues of … Read the rest

World Bank’s IFC to allot bulk of loan portfolio for RP on infra projects

Manila Times

The International Finance Corp. (IFC) said on Friday that it would increase its exposure in the Philippines with infrastructure projects making up the bulk of its loan portfolio.

For the fiscal year 2008 starting July 2007 to June … Read the rest

Untying the knots – How the World Bank is failing to deliver real change on conditionality

from Eurodad

In 2005 the World Bank launched a review of its conditionality policy. This was in response to growing international criticism, from developed and developing countries alike, that the World Bank was still attaching too many intrusive and, at … Read the rest

Corruption hounds ADB

Jojo Robles
The Manila Standard

IT sounds so familiar: billions upon billions in development money lost to corruption over decades, as a result of collusion between negligent bureaucrats and thieving local contractors. Millions of people deprived of the benefits of … Read the rest