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FINANCE: IMF Loan Policies Worsening Crisis, NGOs Say
By Adrianne Appel
BOSTON, U.S. - While world leaders banter about International Monetary Fund and World Bank business in Istanbul, NGOs critical of the way the Bretton Woods institutions operate are not letting up pressure.
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ROMANIA: Government Collapse Deepens Economic Woes
By Claudia Ciobanu
BUCHAREST - Romania is heading for a week of massive protests by state employees. With the governing coalition collapsing last Friday, the new minority government will have a hard time navigating between the demands of the protesters and the austerity measures demanded by its international creditors.
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DEVELOPMENT: Rome, Food Capital of the World - Part 1
By Miren Gutierrez* and Oriana Boselli
ROME - It was once true that all roads led to this ancient capital. Today it is the furrows of maize, wheat and rice fields that take you to Rome, where the biggest global food organisations are headquartered, and the World Summit on Food Security (Nov. 16-18) is being organised.
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Q&A: "Latin America Faces a Tough Balancing Act"
Suzanne Hoeksema interviews ALICIA BÁRCENA, head of ECLAC
UNITED NATIONS - Chile is leading the way towards the Millennium Development Goals (MDGs), while Honduras is seriously lagging behind, says Alicia Bárcena, executive secretary of the Economic Commission for Latin America and the Caribbean (ECLAC).
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U.S.: Homeless Shelters Fighting Push from Downtowns
By Matthew Cardinale
ATLANTA - The largest homeless shelter in the southeast U.S., the Metro Atlanta Task Force for the Homeless, has filed a lawsuit against the city of Atlanta claiming officials have undertaken a complex campaign to sabotage the shelter with the ultimate goal of driving homeless, mostly African American men off the streets of downtown.
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FINANCE: World Bank Head Acknowledges Shifting Global Order
By Eli Clifton
WASHINGTON - The world economic crisis has called attention to shifting international power structures as emerging economies gain more influence and the failure of globalisation to assist the poorest countries becomes clear, said World Bank President Robert B. Zoellick in anticipation of the bank's annual meeting in Istanbul, Turkey next week.
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G20: Leaders Agree on Reforms, Poor Still "Out in the Cold"
By Eli Clifton
PITTSBURGH - World leaders at the two-day G20 Summit in the U.S. city of Pittsburgh agreed to work cooperatively to recover from the global economic crisis and create structural reforms with long-term growth as the goal.
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G20: Rising Above the G8
Analysis by Sanjay Suri
PITTSBURGH - Something that was perhaps only half-expected has happened in Pittsburgh: the G20 has moved on from being an event to becoming an institution.
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G20: Europeans Resist More Clout for South in IMF
By Eli Clifton
PITTSBURGH - An initiative to reform the International Monetary Fund (IMF) voting structure is causing tension at the G20 here as European delegations resist a U.S.-spearheaded effort to give greater clout to emerging economies, primarily because it would decrease European voting power.
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G20: IMF Finds a New Unpopularity
By Pavol Stracansky
BRATISLAVA - When some Eastern European states faced economic collapse as the financial crisis took hold, the International Monetary Fund (IMF) stepped in and offered governments huge loans.
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POLITICS: Obama's Deal-Making Skills Tested at U.N., G20
By Eli Clifton
PITTSBURGH - U.S. President Barack Obama will make his way Thursday from the U.N. General Assembly in New York to "Steel City" – Pittsburgh, Pennsylvania - to host the G20 Summit in what has been billed as a week that will put his ability to lead in the international arena to its fullest test.
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G20: An Emerging Development
Analysis by Sanjay Suri
PITTSBURGH - Almost before anyone knew it, a new language has become current leading up to the two-day G20 meet in Pittsburgh that divides the world in ways that seem suitable at the high table of the day. The new tiers are the developed, the emerging, and of course the poor.
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GREECE: New Leaders May Not Bring New Answers
By Apostolis Fotiadis
ATHENS - The call for snap elections on Oct 2, about two years earlier than the end of the government's mandate surprised no one in Greece. They were in fact overdue given the political bankruptcy of the government of the right-wing party New Democracy (ND).
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Banking panics, recession, loss of market value, deflation. Is the current financial crisis in any way comparable with the Great Depression of 1929? And more importantly, how is it affecting the weakest? IPS brings you worldwide coverage of the impacts of this crisis.