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