World Bank and the IMF in Peru

The World Bank and IMF are meeting in Peru this week. The two international financial institutions have been advancing the idea of the “Peruvian miracle” to promote the “success” of their neoliberal economic policies and development schemes. However, that so-called success has caused displacement, environmental contamination and human rights violations in the country. teleSUR sets the record straight by providing analysis of the World Bank’s and IMF’s activities in Peru and throughout Latin America.

The IMF and World Bank to Push Neoliberalism at Peru Meetings

Peru is hosting the 2015 annual meetings of the World Bank Group and the International Monetary Fund, making it the first Latin American country to do so since 1967. Among the issues addressed will be the World Bank’s second set of policy proposals on social and environmental standards, which was made available to the public last August. READ MORE

UN Report Slams World Bank As 'Human Rights-Free Zone'

"For most purposes, the World Bank is currently a human rights-free zone. In its operational policies, in particular, it treats human rights more like an infectious disease than universal values and obligations," stated U.N. Special Rapporteur on Extreme Poverty and Human Rights Philip Alston. READ MORE

Peru: The ‘Poster Child’ for the World Bank in Latin America

By Nate Singham

A new study found that over the last 25 years the Peruvian government has aggressively pursued foreign direct investment in order to finance large-scale infrastructure projects, as well as controversial extractivist projects, often at the expense of human rights, environmental sustainability, and economic justice. READ MORE

It’s Time for the World Bank to Pay Its Debt

By Luis Manuel Claps

It is time the World Bank and IMF pay their debt accrued from the social and environmental costs of their projects in Peru, Argentina, and every country where they operate across the globe. READ MORE

The World Bank's Impotent Human Rights Advocacy

By Gretchen Gordon and Pia Marchegiani

When it comes to human rights, the World Bank, an institution that delivers an average of US$30 billion in assistance each year, plays ignorant, innocent and impotent. READ MORE

Aguan, Honduras: World Bank Backs Death Squads and Displacement

By Heather Gies

In Honduras, the World Bank has funded a known coup-backer, murderer, and narcotrafficker, while escalating a decades-long land conflict and undermining local food security. READ MORE

Guatemala: The World Bank, a Hydroelectric Dam, and Massacres

By Grahame Russell

In 1982, Guatemalan soldiers and civil defense patrollers carried out four large-scale massacres against Rio Negro villagers to make way for a World Bank-funded hydroelectric dam. Over 440 women, men, and children were slaughtered. The Bank continues to avoid accountability. READ MORE

The World Bank’s Long War on Peasants

By Tanya Kerssen and Eric Holt-Giménez

It is difficult to overstate the degree to which the International Monetary Fund and World Bank-promoted cocktail of liberalization, deregulation, and privatization contributed to extreme vulnerability for farmers and peasants. READ MORE

IMF Medicine for Latin American Debt Killed the Patient

By Andrew Self

The history of IMF involvement in Latin America can be traced back the 1980s, known as the lost decade, during which Latin America experienced its worst economic crisis since the Great Depression. READ MORE

Latin America Provides Alternative Paths to Successful Poverty Reduction

By Cyril Mychalejko

The significant gains made in Latin America in reducing poverty, especially in countries led by left-wing governments that reject the neoliberal economic pushed by the World Bank and IMF, proves that not only are there alternatives to neoliberalism, but that these alternatives are more humane and effective in creating egalitarian societies. READ MORE

Bolivian Independence from the World Bank and IMF