IGO

• World Bank:

  • Corruption scandalds with projects - Yacyretá HEP, Paraguay
• World Bank:

  • 2016 climate action plan: help developing countries add 30 GW of renewable energy to world energy capacity and provide early warning systems for 100m
• World Bank:

  • Low interest loans & grants to developing countries
• World Bank:

  • 3.5m people have been dispalced due to WB projects over 10 years
• IMF:

  • Loans given to countries heavily in debt, but they do come with SAPS
• IMF:

  • Since 2000, attention shifted to global poverty via the poverty reduction programme
• IMF:

  • SAPS include cutting subsidies, education, healthcare and crops must be cash crops
• IMF:

  • Trump is subsidising a lot making it more competitive globally
• WTO:

  • Promotes trade as a way of increasing economic development. Regulates trade, resolve disputes and enforce agreements
• Millenium development goals:

  • Excellent progress in Asis and China but Sub Saharan Africa lagging behind
• SAP failure:

  • Bolivia: hyperinflation in 1985 (20,000%)
  • Financial aid in return for SAPS - workers laid off high unemployment
  • Cochabamba water protests - 80,000 protested