Analysis: Articles

Periodically Jubilee + will post an in-depth article, by both experts and non-experts, analysing key issues relating to the international financial system, and in particular international debt.

The IMF and World Bank in the 21^st Century: the Need for Change (20-10-05)

World Bank and IMF endorse G8 debt deal (04-10-05)

Physician, Heal Thyself! The World Bank’s World Development Report, 2006: Equity and Development (27-09-05)

Debtor-creditor relations in good times and bad (17-03-05)

When democracy failed: the warnings of history. (18-03-03)

Jubilee Research Briefing on the International Financing Facility 
(12-03-03)

Full Text of International Finance Facility Proposal (January 2003)

The Brazilian Swindle and The Larger International Monetary Problem (24-01-03)

The emerging markets' scapegoat (23-01-03)

Opening Remarks for the Sovereign Debt Restructuring Mechanism Conference (22-01-03)

Speech given by the Chancellor of the Exchequer, Gordon Brown  (22-01-03)

Argentine ‘blackmail’: As the IMF prepares a $6bn debt roll-over, doubts about the Fund’s credibility resurface (21-01-03)

Demanding the impossible - debt and poverty in Pakistan (5-12-02)

Making the poor foot the bill – IMF policies and the looting of Brazil (15-10-02)

Dependency in Brazil by Geisa Maria Rocha (11-10-02)

The MDG Drumbeat gets Louder – But is the World Bank Listening? (03-10-02)

Turkey – another disaster in the making? (03-10-02)

IMF Meetings give go-ahead for bankruptcy plan - but on whose terms? (01-10-02)

The Economist faces reality  (30-09-02)

Stop treating debtors as poor cows  (23-09-02)

The Summit bell tolls for global triumphalism  (16-09-02)

Argentina Since Default: The IMF and the Depression  (09-09-02)

Economist offers support for International Bankruptcy Procedure (06-12-01)

WTO Meeting at Doha: A Guide for Jubilee Plus Supporters (27-11-01)

Financial Times Correspondent Questions Wisdom of Excessive
Foreign Borrowing. (22-11-01)

Martin Wolf supports Oxfam's Call for an End to Hypocrisy in World Trade. (21-11-01)

Sierra Leone: an IMF's planned route from conflict to poverty by Michela Telatin (16-11-01)

Japan on the brink by Martin Wolf (14-11-01)

better way for countries to default by Alan Beatties (06-11-01)

A Cross of Dollars by Paul Krugman (07-11-01)

The strategic significance of global inequality by Jeffrey D. Sachs (October 2001)

Cambiar las prioridades by Nobel Prize Joseph Stiglitz (11-10-01)

The IMF’s Missed Opportunity by Nobel Prize Joseph Stiglitz

Situation precarious, but it's no financial Dunkirk by Larry Elliott (23-09-01)

The free market tide has turned (20-09-01)

The effect of IMF and World Bank programs on poverty by William Easterly

Debt relief for low income countries: arbitration as the alternative to present unsuccessful debt strategies by Kunibert Raffer

The bail-out champion bales out (29-08-01)

Who's Minding the Bank? (August 2001)

Rhetoric Makes Argentina Worse (14-08-01)

Trade and Sustainable Finance for Development by Gianni Vaggi (May 2001)

Will the proposed new Basel Capital Accord have a net negative effect on developing countries? by S Griffith-Jones & S Spratt (July 2001)

Concordats for debt cancellation - a contribution to the debate by Ann Pettifor (June 2001)

Arbitration, insolvency and limited liability: their relevance to debtor nations by Ann Pettifor (25-06-01)

Debt management a la Louis XVI – A short Promenade through the Programme and Practice of the Paris Club by Juergen Kaiser (June 2001)

The use of central banks to spread ownership by Shann Turnbull (13-06-01)

The globalisation emperor has no growth by Ann Pettifor (11-06-01)

The illegal foreign debt: the value and likelihood of a legal ruling by Alejandro Olmos Gaona

Como el pueblo suizo perdió el miedo a sus bancos. Oportunidades e impases alrededor de la repatriación del dinero en Suiza por Julio Rampini y Hildegard Willer

Seminario sobre aspectos historicos de la deuda externa argentina por Alejandro Olmos Gaona

Taxing the global casino by Hazel Henderson

Towards a new consensus of ‘Third Way’ by Joseph Stiglitz

by Alberto Acosta

The false promise of dollarisation A small but increasingly vocal group of economists argues that emerging nations should give up their currencies and adopt an advanced nation's currency as legal tender.

UNCTAD calls for "internationally sanctioned mandatory standstills" of debt repayments
In its latest Trade and Development Report 2001, UNCTAD calls for radical restructuring of the international financial architecture, to ensure an independent process for sanctioning the right of debtor nations to take emergency action to suspend debt payments.

IMF’s Four steps to Damnation - by Gregory Palast
In a damning interview with the Observer, held over the weekend of the IMF Spring meetings, Joseph Stiglitz, ex-chief economist at the World Bank, attacked the role of the US in stripping debtor nations of assets. He praised Botswana for defying the Bank and the Fund, and refusing a Structural Adjustment Programme.

Pakistan's debt position and the question of debt retirement by Dr. Qais Aslam, Justice and Peace Commission (Major Superiors Leadership Conference of Pakistan). Dr. Aslam presents a detailed analysis of Pakistan's debt crisis, and calls for debt relief for his country.

The urgent need for economic transformation: subordinating the interests of finance capital to human rights by Ann Pettifor. Pettifor argues that debt is the mechanism for transferring wealth from poor to rich; from wage-earners to those with paper claims; from productive to to unproductive capital. Français 

Financing corruption and repression: the case of Kenya and the IFIs . In this article Pettifor analyses Kenya's Poverty Reduction Strategy Paper, and argues that, under the IMF, the main beneficiaries of the poverty strategy in Kenya will be foreign investors.

Latin American official dollarization: political economy aspect by Jurgen Schuldt