Overhaul or Total Disbandment of the IMF!
The International Monetary Fund (IMF) under the guise of aiding less developed countries through loans for building infrastructure (at a complete disregard for the environment and indigenous peoples) has been/ is enslaving entire nations w/ it's conditionalities that requires nations to open it's borders to Corporate interests (which crushes the local biz), to sell off it's natural resources at a fraction of it's worth and to pay interest on the principle that it knows the country can never repay.
“When the IMF arrives in a country, they are interested in only one thing. How do we make sure the banks and financial institutions are paid?... It is the IMF that keeps the [financial] speculators in business. They’re not interested in development, or what helps a country to get out of poverty.â€Â
- Joseph Stiglitz (Ex V.P. of the World Bank)
Comments