Re: Wake up Africa..!
” Once a country accepts IMF funding - it must agree to “structural adjustment” reforms:
· Privatization of public enterprises and infrastructure
· Austerity and removal of food - fuel - and electricity subsidies
· Currency liberalization and full exposure to global capital markets
· Foreign investor protections that prioritize creditors over citizens
· Fiscal oversight from Washington-based technocrats
it often locks nations into cycles of debt dependency and external control - where economic policy is dictated in Washington.