- Contemporary Issues, Investigation, Politics, Foreign Worlds, and Reality
Do the World Bank and IMF make the poor even poorer? Why demonstrate against the Bank and IMF?
"Clear and comprehensive... admired the way in which you were able to bring an in-depth exploration of these complex issues to life."—UN Development Program
A global investigation of major criticisms of the World Bank and International Monetary Fund (IMF), two of the most powerful financial institutions in the world. Each case study concentrates on a different aspect of critics' charges:
Bolivia: Debt, Drugs and Democracy
Ghana: The Model of Success
Brazil: Debt, Damage and Politics
Thailand: Dams and Dislocation
Philippines: The Debt Fighters
The charges are controversial and provocative. Some go to the heart of the power and policies of these institutions. They are made by economists, journalists, sociologists; church, labor, environmental, government and community leaders; and ordinary people from countries perceive as World Bank/IMF policies and practices.
- Show treatment
IMF managing director Christine Lagarde urged countries not sacrifice growth for the sake of austerity.
Responses to criticisms are presented by the World Bank Senior Vice President, the IMF Deputy Managing Director and top current and past government officials from each country. Bank/Fund history and decision-making processes are also included in this valuable teaching tool.
"Well balanced...Excellent...Superior." "Thought provoking."
—U.S.A. Gabriel Awards —Bank Check Quarterly
Too hot for PBS, which would not telecast The Money Lenders because "it has a perception of bias in favor of the poor." Despite this allegation, Video Librarian magazine recommends it as an "interesting look at both sides of the issue..." It was a prime time telecast in the 1990s throughout Europe, updated in 2000 for educational institutions and is currently used in hundreds of college classrooms.
Teachers could assign students to look into what has and has not changed since the documentary was last updated.
"Most everyone agrees that the system for governing the world economy that emerged from a hotel room in Bretton Woods, N.H. - in the era of the gold standard and fixed rate exchanges - is hopelessly outdated." —New York Times
Since November 1999, over 50 protests about World Bank/IMF policies have taken place in more than 15 countries, with over one million protesters.
Prix Leonardo, Parma International Film Festival
- Running time
- 85 minutes
- Robert Richter ... Producer, Director, Writer, Reporter
- Burleigh Wartes ... Cinematographer
- Peter Kinoy ... Editor
- Prod. Co.
- Richter Productions
- United States
- Years of Production
- Bolivia, Ghana, Philippines, Brazil, Thailand, Washington DC
- Release year
- Parma (Italy) International
- National Emmy Finalist, Prix Leonardo
- PBS: Refused to run it as "Perception of bias in favor of the poor" Aired throughout Europe, etc/
- English, Portugese, Thai, Spanish, Tagalog
- English Subtitles
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