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 3/10 Fair --- citizen.typepad.com http://feeds.feedburner.com/eyesontrade
Monday, May 05, 2008 --- 82 days ago http://feeds.feedburner.com/~r/eyesontrade/~3/282139159/forward-motion.html
| I'm just getting back from vacay, but there's a few things I wanted to drag out of my email backlog and share.
First, in case you hadn't heard, the Jubilee Act passed the House . This is a major victory for the global justice movement, as it not only expands debt cancellation for 24 additional impoverished countries, but also rolls back some of the conditionality that has been used to turn developing countries into basketcases. The vote was 285-132, with many GOP joining the vast majority of the
Dems in passing the legislation (only Reps. Jason Altmire (D-Pa.),
Chris Carney (D-Pa.), Brad Ellsworth (D-Ind.), Kirsten Gillibrand
(D-N.Y.), Nick Lampson (D-Texas) and Gene Taylor (D-Miss.) among Dems
voted no - the first 5/6 are freshmen!)
I recently asked some friends who work on IMF issues to rebut the statement: "The IMF is dead." A few have responded. Mark Weisbrot also had a good column in the LA Times talking about how the IMF is dying, but is still not dead yet: The collapse of the IMF creditors cartel has been a huge blow to U.S.
influence. It was most pronounced in Latin America, where most of a
region that used to be referred to as the United States' "backyard" is
now governed by states that are more independent of Washington than
Europe is.
The problem is that poorer developing countries,
especially in Africa, remain dependent on foreign aid from the IMF (and
the World Bank and other sources) to fund their basic bud ... |
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