Tag: FMI

Ghana to Withdraw from the IMF

On By Dr. Y.In Great Moments, Great People3 Comments
Children begging
Children begging

The president of Ghana has recently announced that Ghana will be getting off from the IMF. Based on the progress of the Ghanaian economy, Ghana expects to be able to pay all its loan, and get off from the 3-year IMF financial aid program. This is very good, as any country in this world, when they are well, need not be on financial aid forever, but should aspire to become more independent. I raise my hat to them, and hope that other African countries will aspire to work on being more financially independent! Now, let’s pray for President Nana Akufo Addo’s well-being, and pray for his vision to be completed.

 

Globalization: When the IMF manufactures Misery/ Mondialisation: Quand le FMI fabrique la Misere

On By Dr. Y.In Great Economy, Great Moments4 Comments

In view of the current debt crisis grabbing the western hemisphere these days, and the floods of austerity measures brought in by the IMF/World Banks/European Central Banks/Federal Reserve, etc…, austerity measures which never solve a thing but make the situation worse than ever… I thought about showing you this great documentary entitled “Globalization: When the IMF manufactures Misery (Mondialisation: Quand le FMI fabrique la Misere).” It reminds me of all these austerity measures implemented on third world countries by the IMF/World Banks in the 1980s and 1990s, which totally crippled their economies, and created even greater poverty. Not a real solution… but a way for the big banks and corporations of the Western hemisphere to fill their pockets, and keep the other people of the world in chains. Watch and enjoy!

Don’t forget to watch part 2, 3, 4, and 5.