Break
the chains!
Poor Countries must
break grip of World Bank/IMF, activists declare
by Eric Ture Muhammad |
WASHINGTON�Howls of "De-Fund the Fund!
Break the Bank!" and Dump the Debt!" rang across the National
Mall, as hundreds of people locked arms and marched down Pennsylvania
Avenue in a pre-protest of the World Bank/ International Monetary Fund (IMF)
Spring Summit scheduled for April 12-17, at IMF headquarter shere.
In the aftermath of last November�s World Trade
Organization protests, riots and street battles with police in Seattle,
Wash., law enforcement and military agencies have implemented special
training to handle demonstrators.
Security around the Capitol has more than doubled,
huge amounts of riot gear have been distributed, and police look more
like a standing army.
With demonstrators expected to take to the streets
demanding an end to foreign debt crushing African, Asian and Caribbean
nations, more jobs, less poverty, and calls for the dismantling of both
organizations, the authorities don�t intend to be caught off guard.
"We would hope that the D.C. police, the
National Guard and any other law enforcement agency would use restraint
and respect our First Amendment right to this protest and not
overreact," said Asantewaa Nkrumah-Ture of the Mobilization for
Global Justice (MGJ).
She also hopes Blacks realize the relevance of the
issues facing impoverished countries in Africa, Asia, and the Caribbean.
"We have a movement that is very broad�the
broadest that we have seen since the 1960s. For African people, or
anyone who cares about justice, we hope they attend the protests, keep
their minds and their hearts open to the information we share," she
said.
Her group, Jubilee 2000/USA Campaign, which is
devoted to having Western nations forgive debt owed by the world�s
poorest countries, will be joined by the group 50 Years Is Enough,
several student organizations and international humanitarian groups for
massive April 16-17 demonstrations outside IMF headquarters.
Much of the IMF-World Bank Summit agenda is under
wraps, though some of the major things to be discussed are HIV/AIDS,
trade and development and progress reports on how poverty reduction
strategies are going.
Over 40 heavily indebted poor countries in Africa,
Asia, Europe and Latin America, all identified by the IMF, owe foreign
governments and financial institutions over $230 billion in development
loans. Just three-fourths of that debt equals the combined income for
all sub-Saharan African nations, or a debt that equals $400 for every
man, women and child in sub-Saharan Africa.
The debt balloon grew in the 1960s, with western
nations giving away money, often to dictators, with little discussion of
how it was to repaid. Between the Cold War and the desire to exert power
over developing countries, the money flowed. When these nations found it
harder and harder to repay the money, the World Bank and IMF stepped in.
They offered "structural adjustments," which dictated economic
policies and government spending for debtor nations and reorganized debt
payments.
Critics complain that for all the World Bank/IMF help
and expertise, Africa and the Caribbean are worse off, and are now
losing control of their resources and sovereignty as the
western-controlled financial institutions dictate how they should
operate.
"I am weary of seeing people being squeezed into
paying the debts imposed on them, while at the same time fighting off
the violence of poverty," said Mulima Kufekisa, coordinator of the
Structural Adjustment Monitoring Project in Zambia. "I am angry
also because this is no accident. This is a result of policies decided
on by the world�s most powerful (countries), I�m angry because
powerful leaders seem to feel no urgency in ending this disaster."
Many IMF/World Bank critics say with developing
nations spending so much money to pay back debt, there is no money left
to tackle the AIDS crisis, fund education, or pay for things like clean
water.
"Obviously, there is a direct connection between
the enslaving of African people here and the conquest of Africa. If you
want countries to develop you cannot keep this onerous debt on their
backs. Debt relief has been around as long as there have been countries
and is mainly used for political reasons," said Charles E. Cobb,
Jr., a Black American who publishes African News Service, an Internet
web site.
"With western powers controling the flow of
trade in Africa, it keeps Blacks from growing into the world power we
represent," said Joe Madison, a talk-show host for the
Washington-based Radio One. "The control of Africa�s wealth by
whites causes us to remain poor and powerless because we can�t come
from Africa and enjoy lateral trade with Black America."
Mr. Madison also warned that some of the protests
might be geared to distract attention from the World Bank/IMF meeting.
"When has an event of this magnitude come to the
city and the media not discuss its agenda. We don�t know the leaders,
the delegates nor the issues. We hear more about the demonstrations than
we do the meetings inside," he said.
Defenders of the institutions call them necessary to
help governments make tough choices, keep needed development aid
flowing, help nations repay borrowed money and make progress. In
addition, they argue, the IMF and World Bank also see the need to reduce
poverty.
Peter Heller, a high-ranking IMF official, said
initiatives unveiled at the World Bank/IMF annual meetings last
September put poverty reduction "at the center of the IMF�s
efforts" for poor countries.
The World Bank will lead discussions on creating
programs that reduce poverty, while the "IMF will seek to ensure
that these social programs can be accommodated and financed within a
supportive, growth enhancing, low-inflation macroeconomic and budgetary
framework," Mr. Heller said.
Poverty reduction has also become more than just the
cause of rabble rousers outside of IMF/World Bank meeting rooms. During
the conference last fall, United Nations Secretary General Kofi Annan
called for creation of two billion jobs to go along with promised debt
relief, which he said should not be confused with "poverty
relief."
"We have a choice: we can give them (the poor)
the tools they need to fulfill their human potential, or we can leave
them to nurse their sense of frustration, misery and grievance. It is up
to us," said Mr. Annan.
In the final analysis, he said, the world�s poor
"are not expecting high paying jobs, company cars, flushing
toilets." They are hoping to send their children to school, get a
few containers of water without having to walk many miles, have enough
money to feed themselves and some land to work on, Mr. Annan said. |