Let me use few articles as a precursor to my one of my major article on "Why World Bank is a Irrelevant and Irresponsible Institution".
Zimbabwe is skyrocketing in its inflation. Currently the official figure stands at 11.2 million percent, while some of the private reports state that real inflation is close to 20 million percent. Billion $$$ notes are being printed in Zimbabwe and rates get higher by thousands for one SINGLE bread if you delay buying it even by a second. All this for a country which was not long ago called the Bread-Basket of Africa!!
True - it is yet another African country with irresponsible government, hopelessly uneducated mass, topping in corruption and scams blah, blah and blah. And yeah the West has denied every kind of support to the nation. Absence of donors means that the inflation is heading to even roaring heights. All pointing to mass killings & murders, refugees, countless starvation deaths and total collapse of yet another African nation.
And the United Nations and World Bank and IMF stand by and watch. It is not enough to have Millennium Development Goals... it is more important to save millions who are dying without food & water right in front of our eyes. Professor Jeffrey Sachs single handedly has done MUCH more in the past 20 years than what all of World Bank and IMF have done to prevent these kind of economic disasters.
It is easy to blame political parties and government in Zimbabwe for all this. What did the poor people who have no clue about any of this do? The only superpower of the World - United States - will fight in Iraq and other places for democracy. But it will stand by the egoistic economists in World Bank and watch the millions of poor African men & women and children die. After all, Zimbabwe doesn't have oil.
World Bank - be ashamed for what you do... and what you don't!.
Zimbabwe is skyrocketing in its inflation. Currently the official figure stands at 11.2 million percent, while some of the private reports state that real inflation is close to 20 million percent. Billion $$$ notes are being printed in Zimbabwe and rates get higher by thousands for one SINGLE bread if you delay buying it even by a second. All this for a country which was not long ago called the Bread-Basket of Africa!!
True - it is yet another African country with irresponsible government, hopelessly uneducated mass, topping in corruption and scams blah, blah and blah. And yeah the West has denied every kind of support to the nation. Absence of donors means that the inflation is heading to even roaring heights. All pointing to mass killings & murders, refugees, countless starvation deaths and total collapse of yet another African nation.
And the United Nations and World Bank and IMF stand by and watch. It is not enough to have Millennium Development Goals... it is more important to save millions who are dying without food & water right in front of our eyes. Professor Jeffrey Sachs single handedly has done MUCH more in the past 20 years than what all of World Bank and IMF have done to prevent these kind of economic disasters.
It is easy to blame political parties and government in Zimbabwe for all this. What did the poor people who have no clue about any of this do? The only superpower of the World - United States - will fight in Iraq and other places for democracy. But it will stand by the egoistic economists in World Bank and watch the millions of poor African men & women and children die. After all, Zimbabwe doesn't have oil.
World Bank - be ashamed for what you do... and what you don't!.
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1 comment:
Yeah it's terrible. I can't even imagine the implications. Do u know what's the price of basic commodities there?
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