| I
seek refuge in God from Satan, the
rejected
To
Main Page > In the name of God, Most Gracious, Most Merciful |
Witness the clear unbalance and inequality in Satan's kingdom. 1- Human Development Report (UNDP) 2002 :
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| 50
years is enough US Network for global economic justice The
World Bank and the International Monetary Fund (IMF)
Since the 1980s the debt situation has steadily worsened, so that now
the total debt of the developing world equals about one-half their
combined GNP and nearly twice their total annual export earnings.
Because of this crushing debt-service burden, foreign governments have
virtually no bargaining power when negotiating a structural adjustment
program and must accept any conditions imposed by the World Bank and
the IMF. And SAPs themselves, by orienting economies toward generating
foreign exchange, are designed to ensure that debtor countries continue
to make debt payments, further enriching Northern creditors at the
expense of domestic programs in the South. |
| BBC Friday, 8 June, 2001, 07:11 GMT 08:11 UK World sinks into deeper poverty Some welfare economists claim that structural reforms required by the World Bank and the International Monetary Fund have sometimes led to a speeding up of the decline in natural resources. The temptation to blow natural resources is high for some countries when they struggle to increase GNP after taxes and subsidies have been removed. The emphasis on trying to increase any one nation's GNP could be increasing the pressure to destroy future resources. Some countries for example,
have
boosted timber exports in order to raise export quotas without taking
into account the future implications of deforestation.
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| BBC Sunday, 29 April, 2001, 22:17 GMT 23:17 UK World Bank's plea for poorest The World Bank's World Development Indicators report, released on Sunday, says that:
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