DoomsdaysCWSo, another evil thing in the world is how countries are given loans (which are often mismanaged) instead of just being helped out by other countries. The indebted countries are then forced to stoop to #environmental degradation (like selling forests to mining interests) and #HumanRights violations to pay back the debts.
Activists Disrupt Meeting to Demand '#LoanSharks' IMF and World Bank Cancel All Debt
by Brett Wilkins
Oct 11, 2022
"We need #localization and #ecological #sustainability for the people, planet, and peace," said #CodePink's Nancy Mancias. "We are calling on the IMF and #WorldBank to end its debt trap monetary practices which are causing countries to sink further down into economic crises."
Explainer: Who holds #Ghana's debt and what restructuring is planned?
By Rachel Savage and Marc Jones
December 9, 2022
https://www.reuters.com/world/africa/who-holds-ghanas-debt-what-restructuring-is-planned-2022-12-09/
Critics Say IMF Loan Fees Are Hurting Nations in Desperate Need
Democratic lawmakers say the global fund’s surcharges for emergency relief siphon away money that countries need to fight the pandemic.
https://www.nytimes.com/2022/01/14/business/economy/imf-surcharges.html
#IMFLoans #IMFLoanSharks #CancelAllDebt #TaxTheRichToHelpThePoor #WealthRedistribution #ChineseLoans #WorldBank
Activists Disrupt Meeting to Demand 'Loan Sharks' IMF and World Bank Cancel All Debt | Common Dreams
"We are calling on the IMF and World Bank to end its debt trap monetary practices which are causing countries to sink further down into economic crises," says CodePink's Nancy Mancias on the day she and Olivia DiNucci protested at IMF headquarters.
TopClaps