Recent involvement in countries such as Afghanistan and Iraq has put World Bank and IMF post-conflict operations in the spotlight. While some believe multilateral finance is essential, others argue that the Bank and the Fund are acting primarily as pawns of powerful diplomatic and economic interests.
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Local farmers and agriculture activists in Sri Lanka have slammed World Bank intervention in the agricultural sector, saying it has caused the eradication of small-scale cultivation and resulted in high food prices, in particular rice and wheat.
Civil society groups in Sri Lanka reject claims that the PRSP represents a comprehensive consultation process.
Sri Lanka has launched a “fast-track” legislative process to intensify economic and social reforms, in order to secure new IMF and World Bank loans.
In August, Sri Lanka’s President Chandrika Kumaratunga was impeached on charges of violating the constitution.
Sri Lankan NGOs wrote to their President in May urging him to open up the annual Aid Group meeting at the end of May.
MONLAR, a network of Sri Lankan people’s organisations, has written to the World Bank pointing out that social and equity issues have been overlooked, and democracy has been infringed in its pursuit of structural adjustment in Sri Lanka.