People’s Movements and Individuals Call for Shutdown of Bretton Woods Institutions and Demand a New Global Democratic Financial System As people of the global south, who continue to bear the brunt of the impacts of colonial expansion, resource extraction, wealth concentration, climate change and deepening inequality, we demand that these institutions be shut down and make way for a new global democratic and decentralised economic system which protects both people and the planet. For far too long, the World Bank and IMF have been instrumental in entrenching a system of global financial governance that perpetuates poverty and inequality, displaces people and communities, and destroys nature, livelihoods and life itself
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