HOW THE I.M.F. DESTROYED JAMAICA -- A LESSON FOR MEGA COLONIZED ETHIOPIA
The IMF told Jamaicans, the IMF is a for-profit bank, not an aid agency, and you will pay back your debt at full interest rate, and we will impose tremendous restrictions in what you can spend. If you can't pay back your debt, then we will put a set of measures, such as privatization to transfer state-owned assets into foreigners hands.
Re: HOW THE I.M.F. DESTROYED JAMAICA -- A LESSON FOR MEGA COLONIZED ETHIOPIA
Jamaican farmer ... "it's an insult to our dignity that the IMF does not allow us to produce our own food to feed ourselves, instead they're forcing us to import the same food grown in America in the name of globalization and economic integration with the outside world. "
Re: HOW THE I.M.F. DESTROYED JAMAICA -- A LESSON FOR MEGA COLONIZED ETHIOPIA
power comes at 6 pm!!!!!!!!!
Re: HOW THE I.M.F. DESTROYED JAMAICA -- A LESSON FOR MEGA COLONIZED ETHIOPIA
When Jamaica found itself unable to pay the interest on its $15 billion dollar IMF debt, the IMF imposed its draconian economic policies on the island nation that focused on tourism development, with IMF loans spent on new vacation resorts, hotels, airports, etc, that cater to foreign tourists, while Jamaicans continue to face higher rates of poverty.
-
ethiopianunity
- Member+
- Posts: 9729
- Joined: 30 Apr 2007, 17:38
Re: HOW THE I.M.F. DESTROYED JAMAICA -- A LESSON FOR MEGA COLONIZED ETHIOPIA
Fiyamenta,
Good point. All carribeans are controlled as thy are small nations. Ethiopia has been chewed since Tplf rule and the final phase is current indicating the building of 15 min cities, take over of natural resources and our institutions privatized.
Good point. All carribeans are controlled as thy are small nations. Ethiopia has been chewed since Tplf rule and the final phase is current indicating the building of 15 min cities, take over of natural resources and our institutions privatized.