Anti-Imperialism and Globalization

Tell the IMF to drop harmful economic conditions!

Representatives of the Nicaraguan civil society organization umbrella group Civil Coordinator and Oxfam Spain have announced a six month campaign against International Monetary Fund (IMF) conditions in Nicaragua. Civil society representatives also travelled to Washington to lobby at the IMF’s spring meeting. They took with them a letter to the director of the IMF, Rodrigo de Rato, asking him to make the institution’s policies in Nicaragua more flexible so that the country has a chance of achieving the United Nations Millennium Goals of poverty reduction.[Read More]

Debt in Nicaragua

Nicaragua continues to be one of the poorest countries of the western hemisphere as well as one of the most indebted nations in the world. As of 2001, 45.8% of the population is reported to be living in poverty, affecting mostly rural areas. Within these areas, 25% of the poor are living off of less than a dollar a day. What can be done? [Read More]

HIPC: Not As Good As It Looks!

With what he called, "Nicaragua's best economic news in 25 years," President Enrique Bolaños announced on January 23, 2004, that the International Monetary Fund and the World Bank agreed that Nicaragua has taken the steps necessary to reach its completion point under the Heavily Indebted Poor Countries (HIPC) debt relief initiative. He said that he expected Nicaragua's creditors to cancel 84% of Nicaragua's US$6.5 billion foreign debt. But is HIPC as good as it sounds? [Read More]

Stop the Illegal Water Service Privatization in Nicaragua!

The opening of the bids for the modernization of the management of Nicaragua's water delivery services (ENACAL) was postponed last week, thanks to the active organizing of Nicaraguan organizations such as the National Consumers' Defense Network and the Community Movement along with your sign-on letter (with the names of over 200 organizations from around the world) and your calls and faxes to the Inter-American Development Bank! Nicaraguan activists are now asking for your continued support to turn the postponement into a complete cancellation... [Read More]

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