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Boycotting World Bank bonds. (Divestment).

Following a two-year organizing drive by students and faculty at the University of New Mexico, the university became the first in the United States to adopt a policy against investment in World Bank bonds. UNM 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 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.
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Author:Bowman, Kate
Article Type:Brief Article
Geographic Code:0BANK
Date:Jul 1, 2003
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