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Washington, DC / Demonstrations / International Finance #191675

ABC Evening News for Monday, Apr 17, 2000
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(Studio: Peter Jennings) Today's Washington, DC, protests by demonstrators wanting the World Bank and IMF to do business differently in the developing world reported.

(Washington: Deborah Amos) The reaction of international finance delegates to the demonstrations examined; details given of loan projects to developing countries. [World Bank President James WOLFENSOHN - comments on the protests.] [Center for Economic Policy Review Mark WEISBROT - says these institutions are not held accountable.] [Public Citizen's Global Trade Watch Lori WALLACH - likens the IMF and World Bank to loan sharks for global private banks and corporations.] How the IMF pressure on Russia made a bad economic situation worse cited as an example. [Secretary of Treasury Larry SUMMERS - says the institutions need to be both improved and supported.]

Reporter(s):
Amos, Deborah;
Jennings, Peter
Duration:
00:02:30

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