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Debt and Structural Adjustment

Members of WFP protest unjust debt and WB policies.

Since 1990, Witness for Peace has monitored the effects of external debt, structural adjustment programs, and the effects of International Financial Institutions (IFI) policies in Nicaragua, and elsewhere in Latin America. Following the lead of our partners on the ground, Witness for Peace has advocated for debt cancellation and the end of conditionality from IFIs, playing important historic roles in the Jubilee USA coalition as well as the movement to transform the World Bank and IMF.

Today, Witness for Peace's efforts focus on the unconditional canceling of Nicaragua's debt to the Inter-American Development Bank and the removal of conditions by IFIs including conditions preventing social spending, and conditions leading to the privatization of Nicaragua's public services. 

Reports
Miguel’s Story: From Farmer to Impoverished Wage Worker
by WFP Nicaragua Team
Read this story of how U.S. economic policies have failed impoverished Nicaraguans.
Freezing Out Farmers
This article challenges the use of foreign aid as a political tool, shares the stories of farmers that will suffer if the programs are terminated, and critiques a model which is being hailed as the "new face" of U.S. aid.
The Perfect Storm: U.S. Policy in Mexico
by WFP Mexico Team
How U.S. policy drives people like Fidel Santiago Martinez to risk their lives to immigrate to the U.S.

Just the Facts

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News Articles
Swindling the Sick: The IMF Debt Relief Sham
by Ben Beachy, Nicaragua International Team Common Dreams, January 27, 2006

Publications
A Bankrupt Future: The Human Cost of Nicaragua's Debt
Download this publication which puts a "human face" on the complex economic concepts of external debt and structural adjustment programs in Nicaragua.