International Financial Institutions

IMF approves debt relief for poor countries

Published by rudy Date posted on December 24, 2021

by Agence France-Presse, 24 Dec 2021 Washington – The International Monetary Fund (IMF) said it had approved the fifth and final round of debt relief under a program meant to help the world’s poorest nations weather the Covid-19 pandemic.

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World Bank discontinues report on doing business

Published by rudy Date posted on September 18, 2021

by Louise Maureen Simeon – The Philippine Star, 18 Sep 2021 MANILA, Philippines — The World Bank will cease the publication of its flagship Doing Business report, which was previously questioned by the Philippines, following allegations of irregularities.

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The pandemic has hit the poor & other vulnerable groups the hardest. We estimate an extra 162 million people in Asia & the Pacific now live beneath the poverty line.

Published by rudy Date posted on May 13, 2021

The pandemic has hit the poor & other vulnerable groups the hardest. We estimate an extra 162 million people in Asia & the Pacific now live beneath the poverty line. We remain focused on helping the region address both poverty & inequality. More ? — Asian Development Bank (@ADB_HQ) May 13, 2021

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Trade unions set out demands for UN Financing for Development Forum

Published by rudy Date posted on April 12, 2021

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Achieving a transformative recovery: A trade union briefing on Public Development Banks and the “Finance in Common” Summit

Published by rudy Date posted on October 29, 2020

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Group calls on ADB to stop funding coal energy projects

Published by rudy Date posted on September 11, 2020

by Gabriel Pabico Lalu, Philippine Daily Inquirer, 11 Sep 2020 MANILA, Philippines — A pro-environment group has called on the Asian Development Bank (ADB) to stop funding coal energy-based projects ahead of a virtual meeting hosted by the country, claiming that it is a primary driver for pollution in Asia.

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It is time to end the controversial World Bank’s Doing Business Report

Published by rudy Date posted on September 2, 2020

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Reform the IMF and World Bank to re-build better from COVID-19

Published by rudy Date posted on May 21, 2020

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In planning a global economic recovery, it’s time to turn the page on inequality

Published by rudy Date posted on May 7, 2020

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IMF and World Bank take steps to contain pandemic and reduce debt burdens, but fall short of an equitable plan for reconstruction

Published by rudy Date posted on April 17, 2020

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Labour standards at the multilateral development banks: leverage for workers’ power and accountability

Published by rudy Date posted on January 29, 2020

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World Bank rankings promote deregulation at the expense of working people

Published by rudy Date posted on November 1, 2019

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World Bank rankings promote deregulation at the expense of working people

Published by rudy Date posted on November 1, 2019

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World Bank defends methodology in doing business survey

Published by rudy Date posted on November 5, 2018

By Cai Ordinario, Business Mirror, Nov 5, 2018 THE World Bank has defended its methodology, amid complaints filed by the Philippine government that the country’s Ease of Doing Business ranking did not reflect the true state of the business environment in the country.

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ADB launches Strategy 2030 to respond to changing needs of Asia and Pacific

Published by rudy Date posted on July 26, 2018

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ADB launches Strategy 2030 to respond to changing needs of Asia and Pacific

Published by rudy Date posted on July 26, 2018

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5 takeaways from 51st annual ADB meeting

Published by rudy Date posted on May 7, 2018

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World Bank indirectly backs harmful Southeast Asian projects: report

Published by rudy Date posted on March 17, 2017

http://www.businesstimes.com.sg/government-economy/world-bank-indirectly-backs-harmful-southeast-asian-projects-report [WASHINGTON] World Bank investments in commercial financial institutions are indirectly allowing land-grabs, evictions and pollution in Southeast Asia, a watchdog group charged in a report Friday. By investing in banks and other so-called financial intermediaries, World Bank funds can increase poverty, social strife and promote projects which hasten climate change, according to a report…

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Union critique of WB labour safeguard

Published by rudy Date posted on October 23, 2014

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Responsible business identified as key indicator to drive economies by independent ‘’Doing Business” review panel

Published by rudy Date posted on June 24, 2013

ITUC calls on World Bank to implement key review panel recommendations 24 June 2013: The International Trade Union Confederation has called on the World Bank to adopt and implement key recommendations made by the independent Doing Business Report Review Panel, headed by South Africa’s Minister of Planning Trevor Manuel.

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World Bank changes tack to face new challengers

Published by rudy Date posted on April 21, 2013

WASHINGTON – Global warming, a new offensive against poverty — the World Bank has overhauled its agenda to prove its relevance in the face of competition from rich emerging nations, notably China.

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ADB sanctions 42 firms,38 people for corruption

Published by rudy Date posted on March 4, 2013

The Asian Development Bank (ADB) has imposed sanctions against 42 companies and 38 people found to have engaged in corrupt practices while implementing ADB-financed projects last year.

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Developing world prospects solid, but bumpy road ahead

Published by rudy Date posted on January 15, 2013

Global Economic Prospects—January 2013: Assuring growth over the medium term Press Releases WB urges developing countries to safeguard economic growth, as road ahead remains bumpy January 15, 2013 – Four years after the onset of the global financial crisis, the worst appears to be over. However, the global economy remains fragile, as high-income countries continue…

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For 2nd year, PH did not improve in World Bank list of business-friendly locations

Published by rudy Date posted on October 23, 2012

MANILA – (UPDATE2- 5:17 p.m.) For the second year, the Philippines barely improved in its performance as a business-friendly location, according to an annual World Bank survey. It actually slipped two notches in the 2013 Ease of Doing Business report, but because two countries were added to the list, the Philippines remained as is.

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World Bank commits $1.5B to PH

Published by rudy Date posted on December 15, 2011

The World Bank on Wednesday said it has committed a multibillion-dollar loan assistance to the Philippines over the next three years to finance priority projects under the Philippine Development Plan for 2011 to 2016.

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PH, ADB agree to 6-year program

Published by rudy Date posted on October 29, 2011

THE Philippines and Asian Development Bank (ADB) have agreed on a multibillion-dollar loan assistance program over a six-year period that would finance governance reforms and other measures needed to drive broad-based growth and poverty reduction efforts.

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ADB, World Bank commit to raise aid

Published by rudy Date posted on July 14, 2011

TWO multilateral institutions on Wednesday said they would accelerate their loan assistance to the Philippines for the next three years. “We are almost coming to an end in our discussion with the government on the medium term strategic direction of the ADB program and the tentative pipeline of our assistance from 2012 to 2014,” Neeraj…

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IFC implements new transparency process prior to investing in projects

Published by rudy Date posted on July 3, 2011

MANILA, Philippines – The International Finance Corp. (IFC) has implemented a new transparency process prior to investing in projects, making it the first development finance institution to require a systematic corporate-governance analysis of every investment transaction as part of its due diligence process.

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France’s Lagarde poised to become next IMF chief

Published by rudy Date posted on June 27, 2011

WASHINGTON – French Finance Minister Christine Lagarde appeared poised to become the head of the International Monetary Fund this week despite a strong challenge to Europe’s traditional hold on the job.

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IFC says $75-M loan to help lower power rates in Phl

Published by rudy Date posted on June 15, 2011

MANILA, Philippines –  The International Finance Corp. (IFC), a member of the World Bank Group, said its $75-million loan to Energy Development Corp. (EDC) will help lower power rates in the country.

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July 15 – World Youth Skills Day

“Skills for everyone in times of AI!”

 

Invoke Article 33 of the ILO constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of Forced Labour and Freedom of Association protocols.

 

Accept National Unity Government
(NUG) of Myanmar.
Reject Military!

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