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tory Filed: Friday, June 30, 2000 3:00 PM EDT
NAIROBI, Kenya (AP) -- The International Monetary Fund and World Bank have held talks with representatives of Somalia for the first time in 10 years, encouraged by signs of stability in the East African nation, an official said Friday.
``It seems the security situation in some areas is improving, and there is generally more economic activity,'' Milan Zavadjil, division chief of the IMF's Middle Eastern department told The Associated Press in Nairobi, where the talks took place.
If we continue on the path of accepting further foreign loans and accept the $ 5 billion offered by the Donors we will become further indebted. The Donors want us to step up economic reforms which will only enable foreigners to exploit us more. Then we are going on the path that Somalia took. Once Somalia was a country that had agriculture, dairy farming and industry. The decrepit leaders at first got loans from Russia and then enticed by the USA’s loans they changed sides. This increased the debt but because money flowed in easily they gave up agriculture and industry and imported all requirements. When Russia was lost, the USA loans and Aid dried up. The Somalians were then helpless- the country disintegrated into bits. The rich migrated to the Developed Countries as asylum seekers while the poor keep fighting- half dead in malnutrition and poverty. Let Sri Lanka be spared this ordeal.
Long story short: I think that problems with Somalia will increase, the line about Al Qaida retreating to Africa will definately come up, and eventually we're going in. In 5-10 years we're going to be getting into East Africa in a big way and getting pretty cozy with India, with the goal of securing mineral deposits there.