International Finances
This section contains documents on World Bank and International Monetary Fund policy, and on debt and other capital flows between North and South.
Financial crisis: Act Two
In the autumn of 2008 most governments displayed a «Keynesian» reaction to the financial crisis. Today they are reverting to orthodoxy - with uncertain implications for the world economy and for the continent’s political and social equilibrium. - Editorial by Peter Niggli published in: Alliance Sud News No. 64, Summer 2010. ...>>
Stolen assets: learning from the counterpart funds
The Swiss parliament is currently discussing a new law on the restitution of stolen assets. But how can it be ensured that the money in fact benefits the populations that have been robbed? Experience from Switzerland's debt reduction programme offers a viable solution. ...>>
IMF: Swiss seat wobbles
Developing countries are keen to redistribute the cards at the International Monetary Fund. This spells trouble for Switzerland. The strategies with which it wants to secure its influence are at odds with the interests of the South. ...>>
IMF considering Tobin tax
The idea of a global financial transaction tax is receiving growing political support. Civil society organisations worldwide, with Alliance Sud among them, have achieved that the International Monetary Fund, too, is giving it due consideration. Fund director Strauss-Kahn has invited civil society to engage in the preparations of the upcoming report. ...>>
Global crisis: The end of an era
The present financial and economic crisis marks the end of an era. Not only does it spell economic downturn, but it is shaking the very foundations of the economic and social consensus of the past 30 years. To correct the world economic imbalance, a new sharing of power and responsibility between industrialised and developing countries must now be examined. - An essai by Peter Niggli, Director of Alliance Sud, published in Alliance Sud News No. 60, Summer 2009 ...>>
