Demonstrators on Thursday gathered on the sidelines of the annual meeting of the IMF and World Bank in Marrakech to protest against the two institutions who they say are guilty of fuelling inequality. At a "People’s Alternative Global Tribunal" organised in the Moroccan city, activists testified about how the policies of the international financial institutions impacted their countries. The court, organised by the activist group Fight Inequality, found the international financial institutions "guilty of fuelling inequality by colluding with the financial sector and powerful multinational corporations". In the verdict read by Bhumika Muchhala, a researcher and analyst who advises developing nations on sustainable development, the tribunal called the World Bank and International Monetary Fund "the biggest scam of the century". The World Bank provides development aid but is often seen as a slow and cumbersome lender.

Source: The North Africa Journal October 13, 2023 10:53 UTC