IMF, World Bank under fire


Making their move: Demonstrators dancing during a protest against the IMF and World Bank Group in Bangkok, as the IMF Annual Meetings take place in the capital city. — AFP

Farmers, fishermen and workers marched through Bangkok as global finance and business leaders gathered for International Monetary Fund (IMF) and World Bank meetings, demanding a say in policies shaping their livelihoods.

Hundreds of protesters, many wearing straw hats and colourful scarves, had hoped to reach the main conference centre yesterday but were stopped by a line of police more than a kilometre away, the road blocked by shipping containers.

Some carried fishing nets and hoisted banners reading “World Bank, stop destroying the poor”, a reference to criticisms that the global lenders extract too high a price from countries which borrow money.

Some protested specific projects, notably the World Bank-backed Pak Mun dam, a hydropower project completed in 1994 that fishing communities say damaged their livelihoods.

“There are no more fish. They can’t swim upstream,” said fisherman Putta Muansaen, 67, who travelled from northeastern Ubon Ratchathani province.

“The water has changed, the river has changed and the ecosystem has changed,” he said.

Somporn Yamyong, 62, travelled from rice-rich central Suphan Buri province to draw attention to years of debt and meagre earnings.

She said she wanted Thai leaders, the IMF and World Bank to hear about the “hardships facing farmers” like her.

Thailand received an IMF loan three decades ago but paid it off in 2003. It still has some projects with the World Bank.

Coconut farmer Sombat Chuekrod, 51, from Prachuap Khiri Khan province, southwest of Bangkok, added: “Thai people are already poor. Please don’t make us any poorer.”

There were some non-Thai protesters in the crowd, including Harry May, a 59-year-old South African activist and researcher, who said global lenders were “bankrupting our countries, especially developing countries”.

“We shouldn’t be indebted to the same people who say they’re going to relieve debt and provide development and then just create more debt for those countries.”

On Thursday, there were brief scuffles when police blocked protesters as they tried to hang a banner from a footbridge in the Thai capital, but there was no sign of trouble by yesterday morning. — AFP

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