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The IWW and the World Bank

I N D U S T R I A L W O R K E R S O F T H E W O R L D


WHEREAS, the World Bank controls more investment capital, and together with the International Monetary Fund, has more policy influence in the world economy than any other institution; and

WHEREAS, the World Bank and IMF attempt to restructure economies for the benefit of the employing class, and to produce for export, rather than producing for the needs of the of the local working class; and

WHEREAS, workers throught out world resist the implementation of the policies of the World Bank and IMF through general strikes; and

WHEREAS, the World Bank does not respect the rights of workers to organize, and refuses to respect freedom of association; and

WHEREAS, the World Bank promotes policies that lower wages, proliferate sweatshops, and enact repressive labor laws; and

WHEREAS, the development projects of the World Bank are environmentally destructive and in discord with the Earth; and

WHEREAS, the policies of the World Bank aggressively promote privatization of basic public services such as education, health care and water; and

WHEREAS, 80% of the resources controlled by the World Bank come from the sale of World Bank bonds to instiutional investors, such as unions and univerisities, and these resources are used to carry out the aforementioned destructive policies;

THEREFORE, BE IT RESOLVED that the Industrial Workers of the World call for abolition of the World Bank and the International Monetary Fund;

BE IT FURTHER RESOLVED, that the IWW will not purchase bonds issued by the International Bank for Reconstruction and Development (the World Bank). In addition, we call on workers and unions throughout the world to do the same.

BE IT FURTHER RESOLVED, that the IWW calls for an immediate cancellation of all debts owed to the World Bank

BE IT FURTHER RESOLVED, that the IWW will join protests against the World Bank, and stands in solidarity with the Anti-Capitalist Convergence for protests in Washington, DC. this September and October, 2001.

I N D U S T R I A L W O R K E R S O F T H E W O R L D

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