The impacts of the IMF and WB activities on the environment are also tragical - the megalomaniac projects of WB result in the destruction of local ecosystems as well as in the enforced relocations of millions of people. The principal objective of these programs is to allow for the entrance of foreign speculative capital which does not contribute to the creation of any values. It only utilizes the absence of social and environmental regulations, takes control of the markets and sometimes destroys entire industrial branches. The recommendations the IMF and WB thus mostly do not lead to the promised economic growth. The only thing left behind would be a huge debt and in order to check its further increase, the separate countries have to pay considerable sums at least for amortization of interests.
Arguments pointing to the influx of foreign investments sound insincere and unconvincing.
More than 250 million children have to work in the most inhuman conditions for bare survival. About 17 million children dies every year from easily curable diseases. The desperate condition of today's world is not natural - it is merely a logical consequence of the system in which heightening of the profits of the most rich is the only respected value. We rely rather upon the movements from below made up from diverse groups like trade-unions, unemployed, small or landless peasants, environmental initiatives, radical democratic political organizations, etc. Finding an alternative to the current social model is in our view an urgent necessity.