IMF Pushes World’s Poorest Countries into “Starvation Diet” as Debt Burdens Spiral
IMF Pushes World’s Poorest Countries into “Starvation Diet” as Debt Burdens Spiral
As the IMF and World Bank commence their annual meetings, an Oxfam report shows how their failed policies of austerity will force the world’s poorest countries to cut USD 229 billion in public spending while hemorrhaging billions in debt payments.
The IMF is the modern replacement for colonialism
13The IMF is colonialism. Who do you think the largest contributors to the IMF are?
4
Austerity measures don't work.
6Oh they work, but not the way the public is told they work.
Conservatives use austerity measures to get more support for the right wing, especially extremist parties. They know that increasing inequality drives people to vote for the right.
6Why would conservatives care about the right in poor African countries?
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They force sell offs to western investors.
3