The Web of Control. IMF. World Bank

< Previous | Home | Next >

IMF and World Bank "Structural Adjustment Programs" throttle economic and social development in many countries.

Capital flows to underdeveloped countries via loans and other financing at a Price: A stranglehold of debt that gives First World government, institutions, and mainly Corporations control of Third World economies.

Corruption and exploitation is usually at the heart of those power relationships.

This is how IMF and World Bank operate:
A.Funds Flowing To Underdeveloped Countries
1 Loans for inflated projects.

2 Structural adjustment loans.

3 Development loans.

4 Arms "aid".

5 Export credit agency financing.

6 Offshore production.

B. Conditions For Aid, Loans, And investment: 1 Resource development concessions.

2 One-sided production sharing agreements.

3 Partnerships with local elites.

4 Privatization of public services.

5. Nonreciprocal elimination of tariffs.

6 Unnecessary buildup of defenses, security forces.

7. Public Investment to enable private corporate projects.

C.Enforcement: 1. Rigged elections.

2 Bribes.

3 Penetration of military, security forces.

4 Manipulation of local ethnic conflicts.

5 Assassinations of Uncooperative leaders.

6 Use of local militias, security forces.

7 Military Intervention.

D. Flow Of Money Back To The First World:
1Contracts, loan payments.

2 Rigged bids. 3 Flight Capital.

4 Kickbacks deposited in offshore accounts.

5. Manipulated commodities markets.

6 Embezzled funds to offshore accounts.

7 Arms contracts.

8 Earmarked services and suppliers.

9 Tax evasion/money laundering.

10 Transfer mispricing.

Source.

Global Empire: The Web of Control, by Steven Hiatt
We could be studying, but we decided that Haitian leaders should be well inform before they make plans such as oil refineries and tourist resorts with borrowed funds.

**IMF and the Wold Bank insist on their "Structural Adjustment Programs" they want indebted developing countries abandon state-led development policies, including tariffs, export subsidies, currency controls and import substitution programs.

The economic model that have successfully worked for Japan, China, Korea, and Taiwan are export-led development while prohibiting import of any goods that would compete with their products.

IMF and the Wold Bank are prohibiting Third World Countries from using the only economic development strategy proven to work.

Lionne Club, January 7 2008, 3:19 PM

Start a NEW topic or,
Jump to previous | Next Topic >

< Previous | Home | Next >