IMF visit afghanistan - cry for me Argentina

[peaccenicked]

IMF, World Bank delegation due in Afghanistan
AFP
Kabul, January 27

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An 18-member delegation from the International Monetary Fund (IMF) and World Bank were due in Kabul on Sunday for three days of talks with government officials, an official said.
Central Bank acting governor Abdul Qadir Fitrat told AFP he would be meeting the eight IMF and 10 World Bank delegates later in the day to discuss matters including the "balance sheets of the Central Bank, budgets, customs issues and balance of payments".

The visitors would begin by holding talks with Finance Minister Hedayat Amin Arsala soon after they arrived, he said.

On Monday and Tuesday they would be meeting the ministers of planning, mines and industry and commerce, as well as with officials of the department of statistics.

Afghanistan is battling to recover from more than two decades of conflict and a crippling three-year drought which has left the country bankrupt and in ruins.

The Taliban regime, which tried to turn Afghanistan into a fundamentalist Islamic state during its rule from 1996 until it was toppled in December, allowed the Central Bank and other financial institutions to collapse.

[DaNatural]

PeaceNicked since you raised the issue im sure your aware of the severe problems which this will cause. For those who don't know much about the IMF they are a transnational organization which "advise" countries and how to handle their funds. They work together with the world bank and get loans for countries who are suffering, but the fallback of getting that loan is having your country get raped by capitalism. When jamaica gained independence in 1965 the IMF stepped in to "help" out and gave them a loan of 50 million dollars. In return jamaica had to open up its market to foreign investors. This deal with the imf, if you look at jamaica now, has basically killed the country economically for years to come. The imf knows the country is struggling and need to satisfy short term needs like food and medical care, the government has to do what it can to survive but they dont realize in the long term they are killing themselves. I saw an interview with michael manley former pm of jamaica and he discussed his relations with the imf. he asked them what about the long term? and the imf responded like usual by saying, thats not our problem. Afghanistan is going down the drain. peace.

[Dreadnaht1]

Will we see a new Gulf War or a new World War sometime soon? I got ten bux on world war. Shits gonna hit the fan real soon.

IMF--International Mother Fuckers

-Dread

[DaNatural]

lol dread couldnt agree with you more about the imf. peace

[revolutionary]

The IMF and World Bank have fucked up every country they can get hold of. Most Third World countries owe money to the IMF and have no chance of ever paying it off.

So a few years back the IMF and world bank set up 'adjustment programs' to help the third world countries pay. The debtors had to agree to the IMF's offer of help because of their position, so the IMF adjustment programs went ahead. In these programs the IMF came up with the idea, to help the countries pay off the debt, to half the pay to health spending, education and public services so the government could pay off the debt. The IMF sybolises capitalism at its worst.

A few facts

 In Mozambique, debt servicing for 1996 absorbed double the amount allocated to the combined current expenditure budgets for health and education. This is in a countrywhere one-quarter of all children die before the age of five as a result of infectious disease; and where two-thirds of the population are illiterate.

 In Zambia, infant mortality rates are rising in the face of collapsing provision of health, clean water, and sanitation. Yet for every $1 spent on health, the country spends an additional $4 on debt servicing.

 In Ethiopia, over 100,000 children die annually from easily preventable and treatable diarrhoea. Less than 40 per cent of the rural population have access to the most basic health facilities. However, debt repayments are equivalent to four times public spending on health.

 In Niger, the country at the bottom of the Human Development Index, life expectancy averages 47 years and only 14 per cent of the population is literate, but debt servicing absorbs more than the combined budgets for health and education.

 In Nicaragua, where three out of every four people live below the poverty line, where one-quarter of the under-five population suffers nutritional deficiency, and where 35 per cent of the population is illiterate, debt repayments exceed the total social sector budget.

 In Bolivia, where over 90 per cent of the highland population is in poverty, where only 16 per cent of that population has access to safe water, and where over one-third of women are illiterate, debt repayments for 1997 account for three times the spending allocated for rural poverty reduction.

[Kez]

oh, so this is the real reason for the afghan war......
i thought it was a fight against "terrorism"

ha

comrade kamo