PANNA: Resource Pointer #331 (Third World Debt and Development)


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Resource Pointer #331 (Debt and Development in the Global South)
August 6, 2003

For copies of the following resources, please contact the appropriate publishers or organizations directly.

*Reducing Poverty: Is the World Bank’s Strategy Working, 2002* Kitty Warnock. Examines the progress of the International Monetary Fund’s (IMF) Poverty Reduction Strategy (PRS). Explains the PRS and analyzes successes and failures with 3 case studies from Uganda, Lesotho, and Ethiopia. 52 pages. Available for free download at: or as hardcopy for UK£5. Contact PANOS, 9 White Lion Street, London, N1 9PD, UK; phone (44 207) 278-1111; fax (44 207) 278-0345; email; Web site

*Marketing the Earth: The World Bank and Sustainable Development, 2002* Nancy Alexander, Pam Foster, Marcia Ishii-Eiteman, Ricardo Carrere, Aparna Sundar, Carol Welch, and Daphne Wysham. Discusses the environmental and human rights impact of Agenda 21, a noteworthy policy outcome of the 1992 Earth Summit based primarily on The World Bank’s World Development Report (WDR). Analyzes the effects of Agenda 21 on 6 key issues: poverty, climate change, forests, pesticides, marine resources, and freshwater resources. 56 pages. Available for free download at Contact Friends of the Earth (FOE), 1025 Vermont Ave., NW, Suite 300, Washington, DC, 20005; phone (877) 843-8687; fax (202) 783-0444; email; Web site

*Still Waiting for the Jubilee: Pragmatic Solutions for the Third World Debt Crisis, 2001* David Malin Roodman. Examines trends of international debt and lending since World War II to the present. Critiques a recent proposal for creditor governments to cancel up to 55 percent of debt owed to them by third world borrowers. 86 pages. US$5. Contact World Watch Institute, P.O. Box 188, Williamsport, PA 17703-9913; phone (888) 544-2303; fax (570) 320-2079; email; Web site

*Risky Business: How the World Bank’s Insurance Arm Fails the Poor and Harms the Environment, 2001* Carol Welch and Sara Zdeb. Describes the functions of Multilateral Investment Guarantee Agency (MIGA), the insurance branch of the World Bank. Presents a number of concerns regarding MIGA’s structure and activities. 22 pages. Available for free download at or as hardcopy for US$7. Contact Friends of the Earth (FOE), 1025 Vermont Ave., NW, Suite 300, Washington, DC, 20005; phone (877) 843-8687; fax (202)783-0444; email; Web site

*The Transfer of Wealth: Debt and the Making of a Global South, 2000* Focus on the Global South. Discusses the association between Third World debt and globalization, creation and patterns of debt, and the challenges indebtedness poses to developing nations. Includes strategies for sustainable economic growth and an assessment of the World Bank’s Debt Initiative for Heavily Indebted Poor Countries (HIPC), calling for debt forgiveness through write-offs by official donors, to be used for poverty reduction. A Focus Dossier available for free download at: Contact Focus on the Global South, c/o CUSRI, Chulalongkorn University, Bangkok 10330, Thailand; phone (66 2) 218-7363-65, fax (66 2) 255-9976; email; Web site

We encourage those interested in having resources listed in the PANUPS Resource Pointer to send review copies of publications, videos or other resources to our office.

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