Word: imf
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RESCUE THE IMF AND WORLD BANK. They have the experience and technical sophistication to play an important role. They have the internal motivation of a highly professional staff. Yet they have been used like debt-collection agencies for the big creditor countries. It's time to restore their role in helping all 182 of their member countries, not just the rich ones, in the pursuit of enlightened globalization...
...past quarter-century, when poor countries have pleaded with the rich world for help, they have been sent to the world money doctor, the International Monetary Fund. For a quarter-century, and changing only very recently, the main IMF prescription has been budgetary belt-tightening for patients much too poor to own belts. IMF-led austerity has frequently resulted in riots, coups and the collapse of public services. Finally, however, that approach is beginning to change...
DATA GATHERED The computer files contain photographs of the heads of the institutions, as well as a photo of British Chancellor of the Exchequer Gordon Brown, who attends annual IMF meetings. A book or pamphlet describing the layout of the World Bank was scanned into the computer in its entirety in February...
...subways and outside public landmarks. In Washington, police set up barricades and checkpoints around the Capitol that could remain in place through Inauguration Day in January. Inside the secure war room at the Department of Homeland Security, officials from various agencies marked dozens of potential targets, ranging from the IMF and the World Bank to New York City's Federal Hall National Memorial, where George Washington was inaugurated as the first U.S. President, and the Eldridge Street Synagogue in lower Manhattan--a site singled out, an official says, because information on the Gujrat discs reveals that al-Qaeda...
...Bono is a hero. Not because he's a rock star, but because he's a rock star who is willing to spend time on things that are tedious and boring--like long sessions with Senators and Administration officials and meetings at the World Bank and the IMF on torpid Washington Saturday mornings...