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Break the Bank - Cancel the Debt!
How to stop the World Bank and IMF
1. Fax Action Alert! The IMF could finance debt cancellation through selling a portion of its gold reserves! Send a free fax to Newmont Mining Company demanding that they drop their opposition to the financing of debt cancellation!
2. Wipe out the Debt! Get involved in the Jubilee USA Network! Learn how you can work with activists from around the world to pressure global leaders to cancel the debt, at the July 2005 Summit of the G8 in Scotland and beyond. Send a postcard to Bush from the website, write a letter to the editor, and more!
3. Boycott World Bank Bonds! The World Bank generates most of its income by selling bonds to private investors. By encouraging institutional investors to refuse to buy World Bank bonds, we can chip away at the bonds' covetted Triple-A rating and choke the institutions' revenue stream. If we can constrict the Bank's cash flow, we can force this powerful institution to radically transform its policies. An international grassroots campaign has formed to promote the boycott and encourage churches, universities, unions and state pension funds to stop buying bank bonds. If you want to get involved in the campaign, go to www.worldbankboycott.org.
4. Join the 50 Years Is Enough Network, a group fighting the destructive
policies of the IMF and World Bank. Join their listserve by sending an
e-mail to stop-wb-imf-subscribe@50years.org.
You will receive up-to-date information about the institutions,
campaigns, and related key issues on a regular basis. The 50 Years is
Enough Network is working on a legislative strategy to erode the power
of the IMF and World Bank. This involves educating Congress about the
criminal behavior of the institutions as well as grassroots mobilization and long-term partnering with international allies.
5. Pressure officials at the IMF & World Bank!
Contact your country's executive director in each institution and
remind them why you oppose the World Bank and IMF's policies.
The 50 Years Is Enough Network's
list of demands
is a good start.
6. Subscribe to stop-imf listserve run by Essential Action!
Stop-imf@lists.essential.org is a moderated listserve which
posts newsclips, reports, news releases, updates, urgent actions and
analyses on topics relating to the International Monetary Fund (IMF),
structural adjustment and Third World debt.
To subscribe, send a message to stop-imf-request@lists.essential.org with subscribe in the text of the message. Stop-imf archives are also available.
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