Laptop Battery For Immediate Release
Contact: Neil Watkins,
Tel: 202-393-6665, Cell: 202-421-1023
The boycott was launched because, while the World Bank has adopted new rhetoric, - - have remained largely unchanged, plundering environments and economies of poor countries. The campaign demands that the World Bank halt its devastating structural adjustment lending and cancel debt claims it has on countries in the Global South. The World Bank gets 80% of its financing through bond sales on private financial markets to institutional investors and others. The World Bank Bonds Boycott was launched in April at the time of the spring meetings of the IMF and World Bank in Washington. Human rights, environmental, labor and development groups in over 35 countries support the campaign.
Thinkpad WASHINGTON (April 18, 2002) -- As the World
Bank/IMF Spring Meetings
approach and protesters prepare demonstrations for April 20-21
in Washington, campaigners today announced growth of the World
Bank Bonds Boycott campaign.
According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
Microsoft
Africa Action, a merger of three
leading Africa advocacy groups active in the anti-Apartheid
movement, released a position paper today, "Hazardous to Health:
The World Bank and IMF in Africa," and announced plans to work
with its networks to get boycott resolutions in city councils
and religious communities across the country as part of its
campaign for Africa's right to health.
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Laptop Computers "While the World Bank boasts of providing new loans for Africa's
health and other social sectors, its demands for debt repayment are
suffocating the continent. The World Bank gives with one hand and
takes away with the other," said
Salih Booker, Executive Director of Africa Action.
Central banks create money either by printing it or by buying bonds in the treasury market. When central banks buy bonds, they usually buy their own country's treasury bonds, and their purchases are made from banks that own bonds. The money from the central banks goes to the bank vaults, making capital.
Laptop Computer Next week, organizers will publicly launch an effort to get the
city of Cambridge, Ma. to become the seventh U.S. city to adopt the
boycott. On Monday, April 22, BankBusters/Boston Global Action
Network, a Boston-area economic justice coalition, will hold a
rally at Cambridge city hall to announce the campaign. This
development follows two major advancements in the boycott campaign
last month, including the launch of a continent-wide European World
Bank Boycott network with members from citizen groups in 13
countries, and the decision by city council in Milwaukee, Wis. to
adopt the boycott.
Desktop Computer "With the passage of the World Bank Bonds Boycott here we have
begun to shed light on what the World Bank's policies of corporate
globalization are doing not only around the world but also in
Milwaukee," said Milwaukee Alderman Don Richards. "We are asking
that the World Bank be scrutinized and fundamentally reformed
before any more Wisconsin State Investment funds be entrusted to
it."
Notebooks Camille Chalmers, a member of the World Bank Bonds Boycott
international coordinating committee, and Executive Secretary of
PAPDA, an alternative development coalition in Haiti, said, "The
policies of the World Bank and IMF have contributed to the
destabilization of the Haitian agricultural sector, with a
consequence of increased hunger and dependence in Haiti. Social
movements worldwide are realizing that the World Bank must be
replaced by more democratic structures. The World Bank Bonds
Boycott gives citizens an opportunity to challenge one of the most
destructive institutions in the world."
Lenovo The World Bank Bonds Boycott campaign is based on the fact that
the World Bank raises a majority of funds by selling bonds. It is a
growing global initiative which puts pressure on the World Bank to
make fundamental changes. Since its launch by civil society groups
from more than 30 global South countries and the U.S. in April
2000, the campaign has gotten more than four dozen institutional
investors to commit not to buy World Bank bonds, including city
councils in Boulder, San Francisco, and Oakland, and dozens of
religious institutions and labor unions. Ten of the largest
socially responsible investment funds in the US, controlling more
than US$16 billion in assets, have also adopted the boycott.
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