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NEWS: IMF and World Bank accused of health failures

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posted on Dec, 2 2004 @ 10:31 AM
The International Monetary Fund (IMF) and World Bank (WB) both stand accused of policies that force poor and developing nations to forgo much needed health care. In much of the world the IMF and WB control money that third world and developing countries need for economic growth. Now the focus is on life threatening AIDS and HIV treatment which borrowing countries claim is being short-changed by IMF and WB policies. Claims of policies that are even more harmful to women and girls were also thrown at the two international money groups.
Watchdog development groups accused the World Bank and the International Monetary Fund (IMF) Wednesday of doing too little to help the global battle against HIV/AIDS, but the two institutions responded that they are at the forefront of the struggle.
-further in story-
They blame the institutions' budget austerity measures, which borrowing nations must accept before obtaining much needed loans, for forcing governments to cut health spending.
Participants at the noon rally in downtown Washington also called for cancelling in full the debts of all impoverished nations, arguing that debt servicing also hinders those countries' abilities to spend on the HIV/AIDS crisis.
-later in the story-
"While Africa faces the worst health crisis in human history, the World Bank and IMF continue to insist that African countries prioritise repayments of illegitimate debts over spending on HIV/AIDS programmes."

Please visit the link provided for the complete story.

Most people do not realize the stranglehold the IMF and WB can exert over a nation. Both organizations were ostensibly created to provide funds and guarantees for developing nations. Throughout the history of the two monetary groups charges of economic colonialism have been laid against them.

After public outcry the World Bank admits it may have to increase efforts for AIDS/HIV care while at the same time touting its contributions. Further, both organizations deny they impose anything (control) on a country. After decades of turmoil raised against both IMF and World Bank such claims must ring hollow.

Sometimes these borrowing nations are industrial countries such as Argentina that blamed the IMF and WB for its economic collapse a few years back. Argentina is still wrangling with the IMF as is Bulgaria, Pakistan, Zimbabwe and a host of other countries. This while the World Bank provides funds with heavy strings to the Palestinian Authority, Israel, Tanzania and its host of recipient countries.

Related News Links:

[edit on 2-12-2004 by JoeDoaks]

posted on Dec, 2 2004 @ 11:25 AM
Soon, the US might be added to this list of countries......

but, well, who cares.....



posted on Dec, 2 2004 @ 11:54 AM
To understand more clearly, let us paraphrase...

The IMF and WB are factions that lead how the world will follow. They do not want overpopulation, mass illness, or anything else that hinders profitability. The bean counters that operate these systems, would rather have mass die offs in the overpopulated areas of the world, since that would be the cheapest way to accomplish financial stability. More food for less people... ect... less need of healthcare if all the sick ones are dead...
CULLING is the term that hunters use for wildlife.
bean counters may be a neccessary evil, but lord help us if one ever gets elected in the US.

posted on Dec, 3 2004 @ 12:37 PM

Originally posted by JoeDoaks
The International Monetary Fund (IMF) and World Bank (WB) both stand accused of policies that force poor and developing nations to forgo much needed health care.

Hmmm. I thought it was pretty much accepted that the IMF and WB determine domestic policy when the WTO, GATT or Nafta fail to do so.

lol. Trade and financial organizations push economic agendas without regard for other considerations - ie., human rights, the environment etc. ...We're the fools for letting their terms overrule national law and policy, and supercede constitutional and civil rights. IMO.

Glad to see some are taking legal action to break the hold.


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