Boycotting World Bank bonds. (Divestment).
Following a two-year organizing drive by students and faculty at the University of New Mexico The University of New Mexico (UNM) is a public university in Albuquerque, New Mexico. It was founded in 1889. It also offers multiple bachelor's, master's, doctoral, and professional degree programs in all areas of the arts, sciences, and engineering. , the university became the first in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. to adopt a policy against investment in World Bank bonds. UNM UNM University of New Mexico
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UNM User Name Mapping joins more than 80 institutions and municipalities--including seven U.S. cities, 10 investment firms with $16 billion in assets, and dozens of major unions and religious communities in adopting the World Bank Bonds Boycott, which organizes institutional investors Institutional Investor
A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. to avoid buying World Bank bonds as a means of pressuring the World Bank for fundamental change on behalf of the world's poor.
In spring 2001, several local student groups formed the World Bank Bonds Boycott Committee and organized a protest in conjunction with international World Bank protests.