Press office & press releases

A report launched by the World Development Movement reveals shocking bullying and bribery tactics employed by countries including the UK and the US to try to kill the Kyoto Protocol, as negotiators from the world’s governments gather today in Durban, South Africa, for the start of the 2011 UN climate talks.

UK money will be used for a ‘climate loan’ to Jamaica, increasing its already heavy debt burden, following a decision by the World Bank this week.

Campaigners have condemned the loan, which will drive the Caribbean nation deeper into poverty. Jamaica’s foreign debt stands at $2,500 per person, and the country spends $1.2 billion a year on debt repayments. The government’s foreign-owed debts are 55 per cent of national income, making it's debt burden one of the heaviest in the world.[1]

Plans for EU financial reform to be announced today are expected to be insufficient to tackle soaring global food prices, say campaigners from the World Development Movement.

International financial regulators have called today for tighter controls on financial speculation in commodity markets, but anti-poverty campaigners the World Development Movement have branded the regulators’ rules as ‘too weak’, saying they will not tackle the growing hunger and poverty caused by speculation on food prices.