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According to latest World Bank data on poverty, released October 2018, 46 percent of the world’s population continue to subsist on less than USD 5.50 a day by 2015.

There is a need to assert – especially in Southern countries – that national development strategies should be owned and led by the people.

Despite today’s rising concerns on the inequalities linked to the further consolidation of corporate power, the Maximising Finance for Development threatens to precisely entrench corporations’ hold – within the development agenda.

The International Monetary Fund (IMF) and what came to be later known as the World Bank Group (WBG) were established in the 1944 Bretton Woods Conference held at the United States (US).

The 2018 IMF-WB meetings are held ten years since the global financial crisis, withthe IMF-WB continuing to privilege the private sector and so-called business friendly investment climate.

IBON International joins movements in denouncing Bali authorities' moves to prevent a people’s conference to be held parallel to the Annual Meetings of the International Monetary Fund-World Bank.

We call for peoples around the world to stand in solidarity with the Filipino people and its organisations who have been active in forwarding people’s development.

We are in solidarity with all Indian activists and rights defenders who have been subject to a crackdown by state forces in the past weeks.

IBON International stands with Philippine progressives Rafael “Ka Paeng” Mariano and Liza Maza as courts dismissed a decade-old fabricated case against them and two other progressives.

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