October, 06 2015, 04:15pm EDT
Civil Society Comes Together in Latin America to Challenge the World Bank's Annual Meetings
Civil society organizations, Indigenous communities, and social movements come together to challenge the World Bank’s neoliberal agenda, which has caused massive environmental destruction and social distress on the Latin American continent.
LIMA, Peru
The International Monetary Fund-World Bank Annual Meetings will take place in Lima, Peru this year from October 9 to 11. This is the first time these meetings are happening in Latin America in over 40 years. Peru is the poster child for the World Bank claiming "success" from its neoliberal policies and reforms, which the Bank is promoting to the rest of the world.
Ranking 35th in the Bank's Doing Business survey, Peru scored the second highest position in Latin America in 2015. This, according to the World Bank, means that Peru has created a regulatory environment "conducive to business." The Peruvian development model, based on extractive industries and exports of raw materials, however, has concentrated the country's natural resources and wealth in the hands of few private corporations at a high cost for the Peruvian population.
During the 2014 Annual Meetings, Our Land Our Business, a multi-continental campaign of over 270 civil society groups, organized a twelve-city simultaneous demonstration to protest the negative effects of the Bank's neoliberal policies and Doing Business rankings. This year, this broad coalition reiterates its rejection of the World Bank's failed development model.
A civil society event is organized on October 7, 8 and 9 under the coordination of the Alternative Platform. The event is a space for civil society and social movements to challenge the Bank's policies. Cesar Gamboa, Executive Director of Derecho, Ambiente y Recursos Naturales (DAR), one of the groups organizing the event, said, "It is important for the world to know that the people of Peru oppose the World Bank's influence on our country. We hope others around the world will stand with us because we all have been lied to, that somehow poverty will end thanks to the economic growth resulting from foreign direct investment, deregulation, and a 'business friendly climate'. We are told that for development to come we must liquidate our natural resources, give up workers' rights and destroy Indigenous Peoples' livelihoods."
In the 1990s, the World Bank's Structural Adjustment Programs embraced by President Alberto Fujimori's government initiated three decades of deregulation and privatization aimed at making the country more attractive to foreign investors. While the World Bank's loans to Peru increased significantly as a result, channeling over $7 billion to the country between 1990 and 2015, the country's environment and social standards eroded. New research by the independent think tank, the Oakland Institute, highlights that the World Bank Group has played a key role in the development of mining, hydrocarbon, and agribusiness sectors in Peru, especially through the Bank's private sector arms-the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA).
Anuradha Mittal, Executive Director of the Oakland Institute, said "Despite its mandate to fight poverty, the World Bank's involvement in Peru has meant a war on the poor. The Bank supports projects that have had devastating social and environmental consequences and very little benefits for the Peruvians. Its influence on the country has led to violent social clashes, an increase in unchecked corporate power, and undermined Indigenous Peoples' access to land and natural resources."
In recent years, the number of conflicts involving social or environmental issues in Peru skyrocketed from 76 conflicts identified in 2006 to 251 by 2011. In 2014, the country experienced on average 200 social conflicts every month, largely resulting from mining activities.
Peru has become the fourth most dangerous nation for environment and land activists with at least 57 people killed between 2002 and 2014, mostly due to people's opposition to land grabs, mining, and logging. In most cases, murders are attributed to the police, military, or private security guards. Both the central government and international financial institutions have failed to address this violence. Instead, Peru has pursued the same agenda, guided by the World Bank's experts to improve its "business climate."
Furthermore, Peru's economic success is a short-term achievement: the country's growth rates dropped from an average of 6.4 percent in the 2000s to only 2.4 percent in 2014. Given its high social and environmental costs, the faded economic growth has left the country with deep inequality, degraded water sources, lands, forests, and the toxic legacy of extractive industries.
Alnoor Ladha of The Rules, a global network of activists and researchers, said, "Peru is the World Bank's poster child for neoliberal development. Their bankrupt model is based on the quick sand of fossil fuels and human misery. Citizens in every nation, including the rich, have to resist the old paradigm of international development if we want to live on a habitable planet. We have to establish strong local economies that regenerate our ecosystems and our communities. This will require facing the Bank and their anti-life allies head on."
###
To read the report, Peru, the Poster Child for the World Bank in Latin America, please visit: * https://www.oaklandinstitute.org/peru-poster-child-world-bank-latin-america (English)
* https://www.oaklandinstitute.org/peru-buen-alumno-banco-mundial-america-latina (Spanish)
The Oakland Institute is a policy think tank whose mission is to increase public participation and promote fair debate on critical social, economic and environmental issues in both national and international forums.
LATEST NEWS
Social Security Data Chief Who Blew Whistle on DOGE Resigns, Citing 'Culture of Fear'
Social Security Administration chief data officer Charles Borges described "fear and anxiety over potential illegal actions resulting in the loss of citizen data" in his resignation letter.
Aug 29, 2025
A federal worker who filed a shock whistleblower report alleging that employees of the Department of Government Efficiency had potentially compromised Americans' Social Security data abruptly resigned on Friday.
In a letter obtained by independent journalist Melissa Kabas, Social Security Administration (SSA) chief data officer Charles Borges said that he was "involuntarily" stepping down from his position at the agency due to "serious... mental, physical, and emotional distress" caused in the wake of his whistleblower report.
Borges said that after filing his report with the help of the Government Accountability Project, he was subjected to "exclusion, isolation, internal strife, and a culture of fear" that created a hostile work environment and made "work conditions intolerable."
Borges then recounted that he filed the whistleblower report because he was concerned that Department of Government Efficiency (DOGE) employees had uploaded Americans' Social Security information onto a cloud server that he believed was vulnerable to external hackers.
"As these events unfolded, newly installed leadership in IT and executive offices created a culture of panic and dread, with minimal information sharing, frequent discussions on employee termination, and general organizational dysfunction," Borges claimed. "Executives and employees were afraid to share information or concerns on questionable activities for fear of retribution and termination."
Borges concluded by saying that the total lack of visibility into the actions of DOGE employees who were handling Americans' most sensitive data created a sense of "fear and anxiety over potential illegal actions resulting in the loss of citizen data."
The report, whose existence was made public earlier this week, contends that Borges has evidence of a wide array of wrongdoing by DOGE employees, including "apparent systemic data security violations, uninhibited administrative access to highly sensitive production environments, and potential violations of internal SSA security protocols and federal privacy laws by DOGE personnel."
At the heart of Borges' complaint is an effort by DOGE employees to make "a live copy of the country's Social Security information in a cloud environment" that "apparently lacks any security oversight from SSA or tracking to determine who is accessing or has accessed the copy of this data."
Should hackers gain access to this copy of Social Security data, the report warns, it could result in identity theft on an unprecedented scale and lead to the loss of crucial food and healthcare benefits for millions of Americans. The report states that the government may also have to give every American a new Social Security number "at great cost."
Keep ReadingShow Less
Global Sumud Flotilla Set for Latest Attempt to 'Break Israel's Illegal Siege on Gaza'
"Our boats carry more than aid. They carry a message—the siege must end. The greater danger lies not in confronting Israel at sea, but in allowing genocide to continue with impunity."
Aug 29, 2025
Palestine defenders are preparing for the latest—and largest—Freedom Flotilla Coalition mission to set sail for Gaza in an attempt to break Israel's US-backed genocidal siege on the embattled Palestinian territory.
Dozens of boats carrying hundreds of activists from as many as 44 nations are set to take part in the Global Sumud Flotilla—sumud means "perseverance" in Arabic—as it attempts to run Israel's naval blockade and deliver desperately needed humanitarian aid including food, medicines, and baby formula to the starving people of Gaza.
"We are a coalition of everyday people—organizers, humanitarians, doctors, artists, clergy, lawyers, and seafarers—who believe in human dignity and the power of nonviolent action," Global Sumud Flotilla's website explains.
In addition to "everyday people," flotilla participants include Swedish climate activist Greta Thunberg, American actress Susan Sarandon, Irish actor Liam Cunningham, leftist Portuguese parliamentarian Mariana Mortágua, former Barcelona Mayor Ada Colau, and Mandla Mandela, the grandson of former South African President Nelson Mandela.
Israel "is starving and killing the people of Gaza," Mandela—whose grandfather was not only a hero of his country's anti-apartheid struggle but also a staunch supporter of Palestinian liberation—said Friday on behalf of the South African flotilla delegation. "We are a diverse group of international activists calling for urgent global action to compel Israel to open Gaza's borders to aid and end its genocide of the Palestinian people."
"We ask that South Africans of conscience join us," he added. South Africa is leading an ongoing genocide case against Israel at the International Court of Justice (ICJ) in The Hague that is officially or informally supported by around two dozen nations.
Colau said earlier this week that "to end the genocide in Gaza is the duty of all of us, so we have to do what is in our power to do it if governments, including the government of Spain, do not do what they can to stop the criminal state of Israel."
Spain has joined the ICJ genocide case against Israel, has formally recognized Palestinian statehood and urged other nations to do so, and has taken significant steps toward an arms embargo on Israel.
"Although Spain has positioned itself more than other governments and recognized the Palestinian state, words are not enough when thousands of children are being killed," Colau said Friday in an interview with RTE.
At least 18,500 children are among the more than 63,000 Palestinians killed by Israeli forces in Gaza since October 2023—although the official Gaza Health Ministry figures are likely a vast undercount, according to peer-reviewed studies.
"This is my third attempt to try to sail with humanitarian aid to break Israel's illegal siege on Gaza and open up a humanitarian corridor," Thunberg, who is a member of the flotilla steering committee, told Middle East Eye Thursday.
"There have been 38 previous attempts just for the Freedom Flotilla Coalition (FFC) and now with the Global Sumud Flotilla," Thunberg continued. "This is unprecedented. We are mobilizing people from all over the world with dozens of boats sailing from Barcelona first, and then more boats joining us from other ports around the Mediterranean Sea."
"We are doing this because we are facing a genocide," she added. "We are seeing people being deliberately deprived of their basic means to sustain life. And this is a continuation of the suffocating oppression that Palestinians have been living under for decades, and we simply have no choice if we have any sense of humanity left, we cannot just sit by and watch this unfolding."
The Gaza Famine—officially declared last week by the authoritative Integrated Food Security Phase Classification—has claimed at least hundreds of Palestinian lives in what experts say is an engineered effort by Israel. The International Criminal Court arrest warrants issued last year for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant, who ordered the "complete siege" on Gaza fueling the famine, list forced starvation, along with murder, as alleged crimes against humanity and war crimes committed by the pair.
Earlier this year, the FFC vessels Conscience, Madleen, and Handala each separately tried to break the blockade but were thwarted by Israeli forces in international waters, an apparent violation of maritime law. Flotilla activists were beaten, kidnapped, jailed, interrogated, and deported by Israel.
Fifteen years ago, Israeli forces raided one of the first FFC convoys carrying humanitarian aid to Gaza. The Israeli attackers killed nine volunteers aboard the MV Mavi Marmara, including Turkish-American teenager Furkan Doğan.
The Sumud Flotilla comes as Israeli forces ramp up Operation Gideon's Chariots 2, a campaign of conquest, occupation, and ethnic cleansing of Gaza backed by the administration of US President Donald Trump. On Thursday, Israeli Finance Minister Bezalel Smotrich proposed the systematic annexation of Gaza over the coming months if Hamas keeps fighting, as well as the implementation of Trump's plan to ethnically cleanse the Palestinian exclave and transform it into the "Riviera of the Middle East."
Israel's siege of Gaza has been in effect in varying degrees of severity since 2006 in response to Hamas' rise to power in the strip.
"The idea is to put the Palestinians on a diet, but not to make them die of hunger," a senior adviser to then-Israeli Prime Minister Ehud Olmert said at the time.
Now Palestinians are dying of hunger, and the world has increasingly had enough.
"Our boats carry more than aid," Global Sumud Flotilla said. "They carry a message—the siege must end. The greater danger lies not in confronting Israel at sea, but in allowing genocide to continue with impunity."
Keep ReadingShow Less
Economists Warn Trump Attack on Fed Will Further Jack Prices for Working Families
"Confidence that the Fed will respond wisely to future periods of macroeconomic stress... will evaporate," warned one economist.
Aug 29, 2025
Economists are warning that US President Donald Trump's efforts to meddle with the Federal Reserve are going to wind up raising prices even further on working families.
Michael Madowitz, principal economist at the Roosevelt Institute, said on Wednesday that the president's efforts to strong-arm the US central bank into lowering interest rates by firing Federal Reserve Gov. Lisa Cook would backfire by accelerating inflation.
"The administration's efforts to politicize interest rates—an authoritarian tactic—will ultimately hurt American families by driving up costs," he said. "That helps explain why Fed independence has helped keep inflation under 3%, while, after years of political interference in their central bank, Turkey's inflation rate is over 33%."
Heidi Shierholz, the president of the Economic Policy Institute, said that the president's move to fire Cook "radically undermines what Trump says his own goal is: lowering U.S. interest rates to spur faster economic growth."
She then gave a detailed explanation for why Trump imposing his will on the Federal Reserve would likely bring economic pain.
"Presidential capture of the Fed would signal to decision-makers throughout the economy that interest rates will no longer be set on the basis of sound data or economic conditions—but instead on the whims of the president," she argued. "Confidence that the Fed will respond wisely to future periods of macroeconomic stress—either excess inflation or unemployment—will evaporate."
This lack of confidence, she continued, would manifest in investors in US Treasury bonds demanding higher premiums due to the higher risks they will feel they are taking when buying US debt, which would only further drive up the nation's borrowing costs.
"These higher long-term rates will ripple through the economy—making mortgages, auto loans, and credit card payments higher for working people—and require that rates be held higher for longer to tamp down any future outbreak of inflation," she said. "In the first hours after Trump's announcement, all of these worries seemed to be coming to pass."
Economist Paul Krugman, a former columnist for The New York Times, wrote on his personal Substack page Thursday that Trump's moves to take control of the Federal Reserve were "shocking and terrifying."
"Trump's campaign to take over monetary policy has shifted from a public pressure to personal intimidation of Fed officials: the attack on Cook signals that Trump and his people will try to ruin the life of anyone who stands in his way," he argued. "There is now a substantial chance that the Fed's independence, its ability to manage the nation's monetary policy on an objective, technocratic basis rather than as an instrument of the president's political interests and personal whims, will soon be gone."
The economists' warnings come as economic data released on Friday revealed that core inflation rose to 2.9% in August, which is the highest annual rate recorded since this past February. Earlier this month, the Producer Price Index, which is considered a leading indicator of future inflation, came in at 3.3%, which was significantly higher than economists' consensus estimate of 2.5%.
Data aggregated by polling analyst G. Elliott Morris shows that inflation is far and away Trump's biggest vulnerability, as American voters give him a net approval of -23% on that issue.
Keep ReadingShow Less
Most Popular